Dubinsky Donna 4

What Happened
Donna Dubinsky, a director of Twilio Inc. (TWLO), was granted 673 Restricted Stock Units (RSUs) that vested immediately on March 15, 2026 (award). Those 673 shares were then transferred as a gift to the Shustek‑Dubinsky Family Trust the same day. The reported acquisition price per share was $0.00 (no cash paid on grant/vesting).

Key Details

• Transaction date: 2026-03-15 (Filed 2026-03-17 — within the Form 4 reporting window).
• Transactions reported: Award/Grant (A) of 673 RSUs; Disposal (G) of 673 shares as a gift; Acquisition (G) of 673 shares by the trust.
• Price/value shown: $0.00 per share in the filing (typical for RSU vesting/transfer reporting).
• Footnotes: RSUs vested immediately (F1); includes RSUs deferred by the reporting person (F2); shares contributed by the reporting person to their trust (F3) and received by the trust (F4); trustees are Leonard Shustek & Donna Dubinsky for the Shustek‑Dubinsky Family Trust dated 8/1/04 (F5).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
RSUs represent the right to receive shares once vested; in this case they vested immediately and were then transferred to a family trust. Gifts or transfers to an insider’s trust are typically estate or personal‑planning moves and do not necessarily indicate buy/sell sentiment about the company’s stock.