Twilio CFO Aidan Viggiano Sells 9,084 Shares in Mandated Sell-to-Cover Transaction

Executive Summary

On October 2, 2026, Twilio Inc. ($TWLO) filed a Form 4 reporting transactions by Chief Financial Officer Aidan Viggiano. On September 30, 2026, Viggiano disposed of an aggregate of 9,084 shares of Class A Common Stock across multiple tranches at weighted average prices ranging from $289.68 to $296.34, totaling approximately $2.68 million.

Transaction Nature and Context

As disclosed in footnote (1), the disposition of shares was an automatic "sell-to-cover" transaction to satisfy minimum statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs). This transaction is mandated under Twilio's equity incentive plans and does not reflect a discretionary, open-market liquidation or a change in sentiment by the CFO.

Breakdown of Sales

The 9,084 shares were executed in seven separate trade executions on September 30, 2026:

• 100 shares at $289.68
• 500 shares at a weighted average price of $291.345 (range: $290.82–$291.785)
• 380 shares at a weighted average price of $292.1687 (range: $291.965–$292.41)
• 750 shares at a weighted average price of $293.4198 (range: $293.00–$293.875)
• 3,504 shares at a weighted average price of $294.5254 (range: $294.005–$295.00)
• 2,740 shares at a weighted average price of $295.60 (range: $295.03–$296.005)
• 1,110 shares at a weighted average price of $296.3367 (range: $296.05–$296.695)

Post-Transaction Holdings

Following these dispositions, Aidan Viggiano directly holds 99,246 shares of Twilio Class A Common Stock (including unvested RSUs), maintaining significant equity exposure in the company.

Market and Sentiment Impact

Because this sale was non-discretionary and required by company equity plan policy to cover tax obligations, it conveys Low trading significance and should not be interpreted as an indicator of executive bearishness.