Twilio (TWLO) CFO Aidan Viggiano Sells Shares

What Happened

• Aidan Viggiano, Chief Financial Officer of Twilio Inc. (TWLO), disposed of 1,394 shares on August 17, 2026 in open-market/settlement transactions to satisfy tax withholding related to vested RSUs. The sales consisted of:
  • 610 shares at a weighted avg price of $233.32 (range $232.8450–$233.8250) — $142,328
  • 310 shares at a weighted avg price of $234.30 (range $233.86–$234.66) — $72,633
  • 304 shares at a weighted avg price of $234.95 (range $234.8850–$235.07) — $71,426
  • 170 shares at a weighted avg price of $238.10 (range $237.98–$238.18) — $40,477
• Total shares sold: 1,394; total proceeds: approximately $326,864. These sales were reported on a Form 4 filed August 19, 2026.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (timely filing).
• Transaction type: Sales (code S); purpose: sell-to-cover to satisfy statutory tax withholding on RSU vesting (footnote F1 — mandatory, not discretionary).
• RSU detail: A portion of the shares sold were RSUs (each RSU converts to one share) per footnote F3.
• Prices: Each reported price is a weighted average; footnotes F2–F6 list the price ranges for the multiple trades comprising each weighted average. The filer offers to provide per-trade breakdowns on request.
• Shares owned after the transaction: Not disclosed in the provided excerpt of the filing.

Context

• These were routine sell-to-cover transactions to meet tax obligations on vested restricted stock units, not an open-market discretionary sale indicating a change in view. Retail investors typically view sell-to-cover transactions as administrative rather than a signal about company outlook.