Viggiano Aidan 4
4 · TWILIO INC · Filed May 19, 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 Inc. (TWLO), sold a total of 1,376 shares in open‑market transactions on May 15, 2026, generating roughly $271,676 in proceeds. The filing reports two disposals: 476 shares at an average price of $196.76 (≈ $93,660) and 900 shares at an average price of $197.80 (≈ $178,016). The filing also shows the purchase of 208 shares under the company’s 2016 Employee Stock Purchase Plan (ESPP) on the same date.
Key Details
- Transaction date(s): May 15, 2026; Form 4 filed May 19, 2026 (filed after the transaction date; typical Form 4 deadline is two business days).
- Sales: 476 shares @ $196.76 (≈ $93,660); 900 shares @ $197.80 (≈ $178,016). Total sold = 1,376 shares for ≈ $271,676.
- Price details: the reported prices are weighted averages; specific trade price ranges were disclosed — one sale ranged $196.50–$197.4390, the other $197.79–$197.825.
- Footnotes: part of the shares sold were RSUs; a portion were sold as mandatory "sell‑to‑cover" to satisfy statutory tax withholding (not a discretionary sale). 208 shares were acquired via ESPP on May 15, 2026.
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context These were sales (not purchases) and included a mandatory sell‑to‑cover for vested RSUs, which companies commonly require to satisfy tax withholding — such transactions are routine and not necessarily a signal of sentiment. Note the Form 4 was filed on May 19 for May 15 transactions, which appears to be later than the typical two‑business‑day reporting window.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-05-15$196.76/sh−476$93,660→ 129,865 total - Sale
Class A Common Stock
[F1][F4][F3][F5]2026-05-15$197.80/sh−900$178,016→ 129,173 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 $196.50 to $197.4390 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 $197.79 to $197.825 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]Includes 208 shares acquired by the Reporting Person pursuant to the Issuer's 2016 Employee Stock Purchase Plan on May 15, 2026.