Viggiano Aidan 4
4 · TWILIO INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Twilio (TWLO) CFO Aidan Viggiano Sells Shares
What Happened
Aidan Viggiano, Chief Financial Officer of Twilio (TWLO), reported open-market sales totaling 1,023 shares on Feb 17, 2026. The filing shows: 823 shares disposed at a weighted-average price of $110.57 (proceeds $91,003) and 200 shares disposed at $111.01 (proceeds $22,202), for combined proceeds of about $113,205. These were sales (code S) and the filing’s footnotes indicate at least a portion were sell-to-cover transactions tied to RSU vesting rather than discretionary sell decisions.
Key Details
- Transaction dates: February 17, 2026; Form 4 filed Feb 19, 2026 (filed two days after the trades).
- Prices & sizes: 823 shares @ $110.57 (weighted avg; individual trade prices ranged $110.00–$110.95) and 200 shares @ $111.01.
- Proceeds: Approximately $91,003 and $22,202, respectively; total ≈ $113,205.
- Shares owned after transaction: Not reported in the provided filing excerpt.
- Notable footnotes:
- Sales were used to satisfy statutory tax-withholding obligations on RSU vesting (sell-to-cover), and therefore do not necessarily reflect a discretionary sale by the CFO.
- The reported $110.57 is a weighted-average; the filer can provide the per-trade breakdown on request.
- Footnotes confirm some shares originated from RSUs (each RSU converts to one share).
- Transaction types: S = Sale; footnote indicates F/tax-withholding (sell-to-cover).
Context
Sell-to-cover transactions are common when restricted stock units vest and taxes must be paid; they are routine and typically not interpreted as a directional signal about the insider’s view of the company. No purchase or option-exercise activity was reported in this filing.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-02-17$110.57/sh−823$91,003→ 111,413 total - Sale
Class A Common Stock
[F1][F3]2026-02-17$111.01/sh−200$22,202→ 111,213 total
Footnotes (3)
- [F1]Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.00 to $110.95 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.