PATRICK DEVAL L 4

What Happened Patrick Deval, a director of Twilio Inc. (TWLO), received a grant of 391 Restricted Stock Units (RSUs) on 2026-06-15. The Form 4 reports the grant as 391 shares at $0.00 (transaction code A); the RSUs vested immediately on the grant date and each RSU represents the contingent right to one share of Twilio Class A common stock. The filing shows no cash paid for the award (reported value $0).

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely).
• Grant: 391 RSUs reported at $0.00 (transaction code A — award/grant).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: RSUs vested immediately on grant (F1). F2 notes the amount includes RSUs the reporting person has deferred.
• No sale, purchase, or option exercise reported; no tax withholding or cashless sell noted.

Context RSUs are compensation awards that convert to shares (one share per RSU) when vested. Because these RSUs vested immediately, the reporting person now has a contingent right to 391 shares, though deferred RSUs may postpone actual share delivery for tax or administrative reasons. Director RSU grants are routine compensation and do not, by themselves, indicate an insider buying or selling to express a view on the stock.