ROTTENBERG ERIKA 4
4 · TWILIO INC · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Twilio (TWLO) Director Erika Rottenberg Sells 1,500 Shares
What Happened Erika Rottenberg, a director of Twilio Inc. (TWLO), sold 1,500 shares in an open-market transaction on May 4, 2026. The reported weighted-average sale price was $185.32 per share (range $185.235–$185.49), for total proceeds of $277,974. This was a sale (not a purchase or award), and the trade was executed under a pre-established 10b5‑1 trading plan.
Key Details
- Transaction date: 2026-05-04 (reported on Form 4 filed 2026-05-06) — filing appears timely.
- Transaction type/code: Open-market sale (S).
- Price: Weighted average $185.32; individual trade prices ranged $185.235 to $185.49.
- Proceeds: $277,974 (1,500 shares × weighted average price).
- Holdings after transaction: Not disclosed in this filing; shares are held by The Erika Rottenberg Revocable Trust (per footnote).
- Footnotes: F1 — sale executed under a 10b5‑1 plan dated 12/10/2025; F2 — weighted-average price with range and offer to provide per-price details on request; F3 — shares are held in a revocable trust.
Context Sales under a 10b5‑1 plan are pre-arranged and commonly used by insiders to sell shares on a set schedule; they do not necessarily signal the insider’s current view of the company. For retail investors, purchases tend to be more informative about insider sentiment than routine sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-05-04$185.32/sh−1,500$277,974→ 32,995 total(indirect: By Trust)
Footnotes (3)
- [F1]The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 12/10/2025.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.235 to $185.49 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Shares are held by The Erika Rottenberg Revocable Trust.