Viggiano Aidan 4

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.