Twilio Inc. reported that Khozema Shipchandler sold shares of the company’s Class A common stock on July 6, 2026, in a series of open-market transactions. The transactions were reported on a Form 4 filed July 8 and were made under Shipchandler’s Rule 10b5-1 trading plan dated February 18, 2026. Shipchandler sold a total of 10,507 Twilio Class A shares for aggregate gross proceeds of approximately $2.20 million, before any taxes, commissions or other expenses. The sales were reported with transaction code “S,” indicating open-market or private sales of securities. The reported sales were executed in four blocks: - 2,773 shares sold at a weighted-average price of $206.9853 per share, with trades occurring between $206.62 and $207.4050. After this sale, Shipchandler beneficially owned 218,888 shares. - 1,000 shares sold at a weighted-average price of $208.484 per share, with trades occurring between $207.8050 and $208.7750. After this sale, ownership declined to 217,888 shares. - 2,300 shares sold at a weighted-average price of $210.0776 per share, with trades occurring between $209.68 and $210.54. After this sale, ownership declined to 215,588 shares. - 4,434 shares sold at a weighted-average price of $211.2593 per share. After this final reported sale, Shipchandler beneficially owned 211,154 shares. The filing notes that the prices shown are weighted-average prices because the sales were executed in multiple transactions at varying prices. Shipchandler undertook to provide detailed per-price transaction information to Twilio, its security holders or SEC staff upon request. The remaining ownership figure includes, in part, restricted stock units, or RSUs. Each RSU represents a contingent right to receive one share of Twilio Class A common stock, meaning some of the reported holdings may still be subject to vesting or settlement terms rather than representing fully unrestricted shares.