TWLO TWILIO INC
Price Chart
Executive Summary
Two TWLO insiders — CFO Aidan Viggiano ($94K) and Director Andrew Stafman ($130.64M) — sold a combined $130.7M in open-market transactions over a 7-day window. Stafman's $130.6M sale alone represents ~0.44% of TWLO's $30B market cap, the fourth-largest insider sale at the company in 30 days, which is notable but not overwhelming relative to the company's size and typical insider liquidity events at a $30B software firm.
Key Financial Metrics
Actionable Insight
A director selling $130M is a notable wealth-transfer event but not unusual for a $30B company; the CFO's $94K sale is trivial. Without a material earnings miss or guidance cut context, this cluster alone does not signal impending bearish news — treat as routine portfolio rebalancing absent additional negative cross-filings. Watch for any 8-K earnings (2.02) or a late-filing (NT) within 30 days, as those combos are amplifiers per actuarial verdicts and would escalate bearish weight.
Key Facts
- Director Andrew Stafman sold 675,000 shares at ~$193.54 for total proceeds of $130.64M on 2026-05-12.
- CFO Aidan Viggiano sold 476 shares at ~$196.76 for total proceeds of $93,660 on 2026-05-15.
- Total cluster value: $130.73M in open-market sales, or ~0.44% of market cap.
- Overall net direction is selling by an overwhelming $130.7M margin.
- Stafman's sale is large in absolute terms but consistent with a $30B market cap company where director-level diversification sales are routine; CEO/CFO not joining the large sale reduces bearish signal.
- The aggregate insider cluster + late-filing-context and + press-context are statistically AMPLIFIERS per cross-filing calibrations, but no late-filing or press context is provided here to activate those amplifications.
Financial Impact
$130.7M in insider open-market sales (0.44% of market cap)
Risk Factors
- Persistent insider selling by multiple C-suite or board members in future clusters would escalate risk.
- No current earnings or guidance catalysts are bundled — this cluster's standalone signal is weak.
- Stafman's sale is a single large director diversification event, not a pattern of informed selling.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TWLO-1779222097625 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
6d ago
|
Insider Cluster
| $235.39 $225.03 | ▲ +4.40% | ▲ +1.80% | $212.54 (+9.71%) |
|
Jun 1, 2026
8d ago
|
144
| $228.41 $226.89 | ▼ −0.67% | ▲ +0.06% | $212.54 (−6.95%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $187.86 $189.54 | ▼ −0.89% | ▼ −0.31% | $212.54 (−13.14%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $189.31 $182.52 | ▼ −3.59% | ▼ −3.78% | $212.54 (+12.27%) |
|
May 4, 2026
5w ago
|
144
| $194.54 $190.85 | ▼ −1.90% | ▼ −3.28% | $212.54 (+9.25%) |
|
Apr 28, 2026
6w ago
|
DEFA14A
| $140.09 $147.90 | ▲ +5.57% | ▲ +4.55% | $212.54 (+51.71%) |
|
Apr 2, 2026
9w ago
|
Insider Cluster
| $130.88 $131.00 | ▼ −0.09% | ▲ +0.38% | $212.54 (−62.39%) |
US Market Status
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