ROTTENBERG ERIKA 4

What Happened

• Erika Rottenberg, a director of Twilio Inc. (TWLO), was granted 398 restricted stock units (RSUs) that vested immediately on 2026-06-15. The RSUs are reported at $0.00 per share in the filing.
• On the same date she contributed/transferred the 398 shares represented by those RSUs to her revocable trust via a gift transaction. No cash changed hands in these transactions.

Key Details

• Transaction date: 2026-06-15; Filing date: 2026-06-17 (timely filing).
• Transactions reported: Award/grant of 398 RSUs (acquired), gift of 398 shares (disposed by Rottenberg), and gift of 398 shares (acquired by her trust).
• Reported price: $0.00 per share (RSUs reported as awards that vested).
• Footnotes: RSUs vested immediately (F1); includes deferred RSUs (F2); shares were contributed by Rottenberg to her trust (F3) and received by the trust (F4); shares are held by The Erika Rottenberg Revocable Trust (F5).
• Shares owned after transaction: Not specified in the Form 4 summary provided.

Context

• These were not open-market purchases or sales for cash but an award that vested and an immediate intra-family transfer (gift) to a revocable trust. Gifts generally reflect estate or financial planning and do not necessarily indicate the insider’s view on the company’s stock.
• RSUs give a contingent right to receive shares; here they vested immediately, producing 398 shares that were then transferred to the trust.