Viggiano Aidan 4
4 · TWILIO INC · Filed Jul 2, 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 Inc. (TWLO), disposed of 9,093 shares on 2026-06-30 in a series of open‑market sales generating approximately $1.83 million in proceeds. The individual transactions: 1,340 shares at $199.27 ($267,026); 2,304 shares at $200.28 ($461,453); 2,779 shares at $201.30 ($559,407); 2,430 shares at $202.97 ($493,209); and 240 shares at $203.68 ($48,882).
- These were sales (not purchases) and, per the filing footnotes, at least a portion were "sell‑to‑cover" transactions to satisfy statutory tax withholding obligations associated with vested Restricted Stock Units (RSUs), so they are largely routine and not necessarily a discretionary sell signal.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (Form 4 filed within two business days of the trades).
- Total shares sold: 9,093; Total proceeds: $1,829,977 ($1.83M).
- Price details: reported prices are weighted averages with trade ranges:
- 1,340 shares: weighted avg $199.27 (trades ranged $198.81–$199.80) [F2]
- 2,304 shares: weighted avg $200.28 (trades ranged $199.805–$200.72) [F4]
- 2,779 shares: weighted avg $201.30 (trades ranged $200.87–$201.77) [F5]
- 2,430 shares: weighted avg $202.97 (trades ranged $202.52–$203.51) [F6]
- 240 shares: weighted avg $203.68 (trades ranged $203.62–$203.78) [F7]
- Footnotes: F1 indicates some shares were sold specifically to cover statutory tax withholding on vested RSUs (sell‑to‑cover); F3 confirms a portion of the shares were RSUs (each RSU = one share). The filing offers to provide per‑trade price details on request.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Filing timeliness: No late filing indicated; submitted 2026-07-02 for trades on 2026-06-30.
Context
- Sell‑to‑cover sales tied to RSU vesting are common and typically reflect tax obligations rather than an executive’s view on the stock. This filing documents routine disposition of vested equity rather than a new acquisition or exercise strategy.
- For retail investors: purchases by insiders can be more informative about confidence in the business; routine tax‑withholding sales like these are usually neutral from a sentiment perspective.
Insider Transaction Report
Form 4
TWILIO INCTWLO
Viggiano Aidan
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-06-30$199.27/sh−1,340$267,026→ 126,005 total - Sale
Class A Common Stock
[F1][F4][F3]2026-06-30$200.28/sh−2,304$461,453→ 123,701 total - Sale
Class A Common Stock
[F1][F5][F3]2026-06-30$201.30/sh−2,779$559,407→ 120,922 total - Sale
Class A Common Stock
[F1][F6][F3]2026-06-30$202.97/sh−2,430$493,209→ 118,492 total - Sale
Class A Common Stock
[F1][F7][F3]2026-06-30$203.68/sh−240$48,882→ 118,252 total
Footnotes (7)
- [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 $198.81 to $199.80 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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.805 to $200.72 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.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.87 to $201.77 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.
- [F6]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.52 to $203.51 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.
- [F7]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.62 to $203.78 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.
Signature
/s/ Juliana Chen as attorney-in-fact for Reporting Person|2026-07-02