BlackRock Amends Twilio Stake, Maintains Significant Holding

TL;DR

**BlackRock still owns a big chunk of Twilio, signaling continued institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in TWILIO INC's Class A Common Stock as of December 31, 2023. This amendment, number 4, indicates that BlackRock, a major institutional investor, continues to hold a significant stake in Twilio. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock.

Why It Matters

This filing confirms BlackRock's continued substantial investment in Twilio, which can influence market perception and potentially provide support for the stock price.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or positive risks.

Analyst Insight

Investors should note BlackRock's continued presence as a significant shareholder in Twilio, which could be interpreted as a vote of confidence, but this filing alone doesn't warrant immediate action.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• TWILIO INC (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

From the Filing

0001086364-24-005510.txt : 20240129 0001086364-24-005510.hdr.sgml : 20240129 20240129172549 ACCESSION NUMBER: 0001086364-24-005510 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TWILIO INC CENTRAL INDEX KEY: 0001447669 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 262574840 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89558 FILM NUMBER: 24574896 BUSINESS ADDRESS: STREET 1: 101 SPEAR STREET STREET 2: SUITE 500 CITY: San Francisco STATE: CA ZIP: 94105 BUSINESS PHONE: 415-390-2337 MAIL ADDRESS: STREET 1: 101 SPEAR STREET STREET 2: SUITE 500 CITY: San Francisco STATE: CA ZIP: 94105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us90138f1021_012924.txt us90138f1021_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) TWILIO INC -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 90138F102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 90138F102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 9486684 (6) Shared voting power 0 (7) Sole dispositive power 10512625 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 10512625 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- TWILIO INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 101 SPEAR STREET, FIFTH FLOOR SAN FRANCISCO CA 94105 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----