1 unchanged sentence
Unregistered Sales of Equity Securities
−Removed: During the three months ended September 30, 2023, we issued 22,102 shares of our unregistered Class A common stock to an independent donor advised fund to further our Twilio.org philanthropic goals.
+Added: During the three months ended March 31, 2024, we issued 22,102 shares of our common stock to an independent donor advised fund to further our Twilio.org philanthropic goals.
The shares were “restricted securities” for purposes of Rule 144 under the Securities Act, and had an aggregate fair market value on the date of donation of $1.3 million.
2 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: The following table summarizes the share repurchase activity for the three months ended September 30, 2023:
+Added: The following table summarizes the share repurchase activity for the three months ended March 31, 2024:
Total Number of Shares Purchased (1)
3 unchanged sentences
(In thousands) (In thousands) (In millions)
−Removed: July 1 - 31, 2023 78 $ 64.51 78 $ 500
−Removed: August 1 - 31, 2023 420 $ 60.69 420 $ 474
−Removed: September 1 - 30, 2023 402 $ 62.22 402 $ 449
+Added: January 1 - 31, 2024
614 $ 72.31 614 $ 284
+Added: February 1 - 29, 2024
+Added: 1,223 $ 62.70 1,223 $ 207
+Added: March 1 - 31, 2024
+Added: 4,291 $ 61.25 4,291 $ 1,944
+Added: _____________________________
(1) In February 2023, our board of directors authorized a share repurchase program to repurchase up to $1.0 billion in aggregate value of our Class A common stock.
−Removed: Repurchases under the program can be made through open market transactions, privately negotiated transactions and other means in compliance with applicable federal securities laws, including through Rule 10b5-1 plans.
+Added: In March 2024, our board of directors authorized an additional $2.0 billion share repurchase program.
+Added: Repurchases under these programs can be made through open market transactions, privately negotiated transactions and other means in compliance with applicable federal securities laws, including through Rule 10b5-1 plans.
We have discretion in determining the conditions under which shares may be repurchased from time to time.
−Removed: The program expires on December 31, 2024.
+Added: The programs expire on December 31, 2024.
Refer to Note 12 — Stockholders' Equity in Part I, Item 1, of this Quarterly Report on Form 10-Q for additional information related to share repurchases.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.