Viggiano Aidan 4
4 · TWILIO INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Twilio (TWLO) CFO Aidan Viggiano Sells Shares
What Happened
Aidan Viggiano, Chief Financial Officer of Twilio (TWLO), reported open‑market sales of 8,231 shares on March 31, 2026, generating roughly $1,010,654 in proceeds. The transactions reported were sales (S) of: 5,692 shares at a reported weighted price of $122.45 ($697,013), 1,938 shares at $123.30 ($238,958), 501 shares at $124.11 ($62,178), and 100 shares at $125.05 ($12,505). According to the filing, a substantial portion of these shares were sold to satisfy statutory tax withholding on vested RSUs rather than as a discretionary cash sale.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (filed timely).
- Prices/ranges: first lot weighted avg $122.45 (range $121.905–$122.875); second weighted avg $123.30 (range $122.905–$123.84); third weighted avg $124.11 (range $124.00–$124.40); fourth at $125.05.
- Total shares sold: 8,231; approximate proceeds: $1,010,654.
- Shares owned after the transaction: not disclosed in the provided excerpt.
- Notable footnotes: F1 indicates these sales were sell‑to‑cover to satisfy tax withholding on RSU vesting (not discretionary). F3 confirms some shares were RSUs. F2/F4/F5 note weighted average prices and price ranges for multiple executions.
Context
Sell‑to‑cover transactions are routine: when RSUs vest the company often withholds shares to cover taxes, which results in reported sales by the insider but does not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases by insiders can be a stronger signal of confidence than these kinds of mandatory withholding sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-31$122.45/sh−5,692$697,013→ 142,269 total - Sale
Class A Common Stock
[F1][F4][F3]2026-03-31$123.30/sh−1,938$238,958→ 140,331 total - Sale
Class A Common Stock
[F1][F5][F3]2026-03-31$124.11/sh−501$62,178→ 139,830 total - Sale
Class A Common Stock
[F1][F3]2026-03-31$125.05/sh−100$12,505→ 139,730 total
Footnotes (5)
- [F1]Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.905 to $122.875 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]A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.905 to $123.84 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.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.00 to $124.40 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.