Roy Ng

Insider

First SEC filing: June 22, 2016 · Latest: June 22, 2016

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Insider at

0 buys (P) 0 sells (S) Net: $0 + 4 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

No open-market trades on record; showing all filings.

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
June 28, 2016	TWLO	J	1,264,478	$4.73	$5,980,981	0 Direct	-100.00%	Disposed	4682.7% (price as of 2026-08-19)
June 28, 2016	TWLO	J	1,264,478	$4.73	$5,980,981	1,264,478 Direct	—	Acquired	4682.7% (price as of 2026-08-19)
June 28, 2016	TWLO	J	43,141	—	—	43,141 Indirect	—	Acquired	(price as of 2026-08-19)
June 28, 2016	TWLO	J	43,141	—	—	0 Indirect	-100.00%	Disposed	(price as of 2026-08-19)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
June 28, 2016	TWLO	Employee Stock Option (right to buy)	Common Stock (1,264,478)	$4.73	Oct. 28, 2024	1,264,478	Disposed
June 28, 2016	TWLO	Employee Stock Option (right to buy)	Class B Common Stock (1,264,478)	$4.73	Oct. 28, 2024	1,264,478	Acquired
June 28, 2016	TWLO	Class B Common Stock	Class A Common Stock (43,141)	—	—	43,141	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
June 22, 2016	TWLO	Common Stock [F1]	43,141	Indirect
June 22, 2016	TWLO	Employee Stock Option (right to buy)→ Common Stock [F1] (1,264,478)	1,264,478	Direct