21 unchanged sentences
Securities Trading Plans of Directors and Executive Officers
−Removed: During the three months ended December 31, 2024, none of our directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (each as defined in Item 408 of Regulation S-K).
+Added: During the three months ended December 31, 2025, the following “Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K) were adopted or terminated by our directors and officers, each of which was intended to satisfy the affirmative defense in Rule 10b5-1(c):
+Added: On December 10, 2025 , Erika Rottenberg , a member of our board of directors , as trustee of the Erika Rottenberg Revocable Trust dated 1/28/2016 (the “Trust”), adopted a Rule 10b5-1 trading plan providing for the sale of (i) up to an aggregate of 9,800 shares of common stock held by the Trust, plus (ii) a number of additional shares corresponding to a portion of equity awards granted after the adoption of the plan.
+Added: Trading will not commence under Ms.
+Added: Rottenberg's new Rule 10b5-1 trading plan until her previous Rule 10b5-1 trading plan terminates by its terms.
+Added: The number of shares listed above for Ms.
+Added: Rottenberg includes shares subject to limit orders that may or may not execute.
+Added: The duration of the plan is until December 31, 2026, or earlier if all transactions under the plan have been completed.
Disclosure Pursuant to Section 13(r) of the Exchange Act
1 unchanged sentence
economic sanctions during the reporting period, even when the activities, transactions or dealings are conducted in compliance with applicable law.
−Removed: The Company, through one of its non-U.S.
−Removed: subsidiaries, is party to service agreements with a non-affiliated Swiss entity, pursuant to which the non-affiliated Swiss entity delivers SMS messages terminating in Iran through Mobile Telecommunication Company of Iran, Rightel Telecommunications Services Co.
+Added: As previously reported in the Company’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025, the Company, through one of its non-U.S.
+Added: subsidiaries, was party to service agreements with a non-affiliated Swiss entity, pursuant to which the non-affiliated Swiss entity delivered SMS messages terminating in Iran through Mobile Telecommunication Company of Iran, Rightel Telecommunications Services Co.
and MTN Irancell (collectively, the “Iranian Entities”).
2 unchanged sentences
subsidiaries made payments to the non-affiliated Swiss entity to deliver SMS messages terminating in Iran but did not receive any gross revenue or net profits from the Iranian Entities associated with these services.
−Removed: These services are in the process of being terminated.
+Added: The Company terminated these services in March 2025 and does not intend to continue them.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
24 unchanged sentences
3.1 Amended and Restated Certificate of Incorporation of Twilio Inc.
−Removed: 3.1 August 1, 2024
+Added: 3.1 June 11, 2025
3.2 Fourth Amended and Restated Bylaws of Twilio Inc.
001-37806 3.1 January 23, 2025
−Removed: 3.3 Certificate of Retirement of Class B Common Stock of Twilio Inc, dated as of June 28, 2023
−Removed: 3.1 June 29, 2023
4.1 Indenture, dated as of March 9, 2021 by and between Twilio Inc.
19 unchanged sentences
10-Q 001-37806 10.2 October 31, 2019
−Removed: 10.5* Cash-Based Award Agreement for Company Employees under the Twilio Inc.
−Removed: 2016 Stock Option and Incentive Plan
−Removed: 10.1 February 22, 2023
−Removed: 10.6* Twilio Inc.
Amended and Restated Non-Employee Director Compensation Policy
10-Q 001-37806 10.1 May 2, 2025
−Removed: 10.7* Twilio Inc.
Amended and Restated 2016 Employee Stock Purchase Plan
10-Q 001-37806 10.1 October 31, 2019
−Removed: 10.8* Twilio Inc.
Amended Chief Executive Officer Severance Plan
001-37806 10.1 October 4, 2024
−Removed: 10.9* Twilio Inc.
Senior Executive Severance Plan
001-37806 10.2 October 4, 2024
−Removed: 10.10* Twilio Inc.
Non-Employee Directors’ Deferred Compensation Program and forms thereunder
10-Q 001-37806 10.6 May 10, 2023
−Removed: 10.11* Twilio Inc.
Executive Incentive Compensation Plan
001-37806 10.1 December 1, 2023
−Removed: 10.12* Offer Letter with Dana Wagner, dated as of October 7, 2021
−Removed: 10-K 001-37806 10.17 February 22, 2022
Offer Letter with Aidan Viggiano, dated February 10, 2023
10-K 001-37806 10.14 February 27, 2023
−Removed: 10.14* Separation Agreement and Release with Jeff Lawson, dated as of January 7, 2024
−Removed: 001-37806 10.2 January 8, 2024
Offer Letter with Khozema Shipchandler, dated as of January 7, 2024
001-37806 10.1 January 8, 2024
−Removed: 10.16 C ooperation Agreement, dated March 30, 2024
+Added: 10.13 Cooperation Agreement, dated March 30, 2024
10.1 April 1, 2024
16 unchanged sentences
Filed herewith
−Removed: 19.2 S pecial Trading Procedures for Designated Persons
+Added: 19.2 Special Trading Procedures for Designated Persons
Filed herewith
−Removed: 19.3 R equirements for 10b5-1 Trading Plans
+Added: 19.3 Requirements for 10b5-1 Trading Plans
Filed herewith
8 unchanged sentences
Filed herewith
−Removed: Number Incorporated by Reference
−Removed: Description Form File No.
−Removed: Exhibit Filing Date
32.1** Certifications of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.
5 unchanged sentences
101.INS Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document Filed herewith
+Added: Number Incorporated by Reference
+Added: Description Form File No.
+Added: Exhibit Filing Date
101.SCH Inline XBRL Taxonomy Extension Schema Document.
15 unchanged sentences
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
−Removed: February 26, 2025
−Removed: /s/ KHOZEMA Z.
+Added: February 24, 2026 /s/ KHOZEMA Z.
Chief Executive Officer
19 unchanged sentences
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.