ROTTENBERG ERIKA 4

What Happened
Erika Rottenberg, a director of Twilio Inc. (TWLO), sold a total of 1,800 shares on 2026-04-21 in two dispositions: 1,585 shares at $149.00 each ($236,165) and 215 shares at $149.18 each ($32,074), for combined proceeds of $268,239. Both transactions are reported as sales (S) and labeled "open market or private sale."

Key Details

• Transaction dates & prices: 4/21/2026 — 1,585 shares @ $149.00; 215 shares @ $149.18.
• Total proceeds: $268,239.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: Sales were executed under Ms. Rottenberg’s 10b5-1 trading plan dated 12/10/2025 (pre-scheduled trades). Shares are held by The Erika Rottenberg Revocable Trust.
• Filing: Form 4 filed 2026-04-23 (timely within the usual reporting window).
• Transaction code: S = Sale.

Context
These were outright sales reported under a 10b5-1 plan, which generally means the trades were pre-arranged and may be routine rather than a contemporaneous statement about the insider’s view of the company. For retail investors, purchases are typically more informative of insider conviction; this filing documents routine disposition activity.