Viggiano Aidan 4

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.