Viggiano Aidan 4

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.