TWLO

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 13

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 196,159

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F12 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.00 to $81.89 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 12

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,750

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F11 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.98 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 11

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,150

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · derivative · entry 19

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 783,200

Underlying: Class A Common Stock · 5,000 shares

Expires 2024-02-27

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F16 · derivative.exercise_date: The shares subject to the stock option vest as follows: 25% of the stock option vested on February 28, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 10

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,150

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F10 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.27 to $87.69 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 9

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,479

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F9 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.42 to $87.24 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 8

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 197,454

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F8 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.43 to $86.26 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 7

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 198,085

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F7 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.47 to $85.35 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 6

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,111

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F6 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.45 to $84.37 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 5

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,866

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F5 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.27 to $83.21 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 4

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,031

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F4 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.26 to $82.23 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 3

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 204,510

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · derivative · entry 18

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 788,200

Underlying: Class A Common Stock · 5,000 shares

Expires 2024-02-27

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F16 · derivative.exercise_date: The shares subject to the stock option vest as follows: 25% of the stock option vested on February 28, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 2

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,510

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.80 to $80.71 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026849 · form4.xml · nonDerivative · entry 1

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 204,510

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026041 · form4.xml · nonDerivative · entry 3

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,510

F1 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026041 · form4.xml · nonDerivative · entry 2

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,636

F1 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F4 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.84 to $77.59 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026041 · form4.xml · nonDerivative · entry 1

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 201,801

F1 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F2 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.76 to $76.67 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026039 · form4.xml · derivative · entry 8

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,276

Underlying: Class A Common Stock · 2,538 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · security: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F9 · derivative.exercise_price: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F9 · derivative.exercise_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F9 · derivative.expiration_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F10 · balance_after: A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.

SEC source: 0001127602-18-026039 · form4.xml · derivative · entry 7

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,814

Underlying: Class A Common Stock · 2,538 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · security: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F9 · derivative.exercise_price: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F9 · derivative.exercise_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F9 · derivative.expiration_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F10 · balance_after: A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.

SEC source: 0001127602-18-026039 · form4.xml · derivative · entry 6

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,919

Underlying: Class B Common Stock · 2,538 shares

Expires 2025-12-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_date: The shares subject to this option vest in 48 equal monthly installments, with the first installment on February 15, 2016, subject to the Reporting Person's continuous service to the Issuer through each vesting date. The option is early exercisable by the Reporting Person.

F9 · derivative.underlying: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

SEC source: 0001127602-18-026039 · form4.xml · nonDerivative · entry 5

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Karyn Smith Revocable Trust

Disclosed balance after: 1,870

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F7 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.19 to $78.52 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6 · ownership.nature: The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.

SEC source: 0001127602-18-026039 · form4.xml · nonDerivative · entry 4

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Karyn Smith Revocable Trust

Disclosed balance after: 2,511

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F5 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.18 to $77.67 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6 · ownership.nature: The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.

SEC source: 0001127602-18-026039 · form4.xml · nonDerivative · entry 3

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,585

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F4 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.05 to $78.70 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026039 · form4.xml · nonDerivative · entry 2

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,200

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.86 to $77.67 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-026039 · form4.xml · nonDerivative · entry 1

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,123

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: A portion of these shares represent RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025727 · form4.xml · derivative · entry 9

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,607

Underlying: Class A Common Stock · 14,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F11 · security: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F11 · derivative.exercise_price: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F11 · derivative.exercise_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F11 · derivative.expiration_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F12 · balance_after: A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.

SEC source: 0001127602-18-025727 · form4.xml · derivative · entry 8

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,607

Underlying: Class A Common Stock · 14,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F11 · security: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F11 · derivative.exercise_price: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F11 · derivative.exercise_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F11 · derivative.expiration_date: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F12 · balance_after: A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.

SEC source: 0001127602-18-025727 · form4.xml · derivative · entry 7

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 269,432

Underlying: Class B Common Stock · 14,000 shares

Expires 2022-05-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_date: 25% of the shares subject to this option vested on May 7, 2013, and the remaining shares subject to this option vested in 36 equal monthly installments thereafter. The option is fully vested and exercisable by the Reporting Person.

F11 · derivative.underlying: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

SEC source: 0001127602-18-025727 · form4.xml · nonDerivative · entry 6

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,757

F7 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F9 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.40 to $76.55 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025727 · form4.xml · nonDerivative · entry 5

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,957

F7 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F8 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.33 to $76.16 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025727 · form4.xml · nonDerivative · entry 4

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,757

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025832 · form4.xml · derivative · entry 3

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 793,200

Underlying: Class A Common Stock · 2,800 shares

Expires 2024-02-27

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: The shares subject to the stock option vest as follows: 25% of the stock option vested on February 28, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date.

SEC source: 0001127602-18-025832 · form4.xml · nonDerivative · entry 2

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,531

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.49 to $76.19 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025832 · form4.xml · nonDerivative · entry 1

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 205,331

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025505 · form4.xml · derivative · entry 17

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 796,000

Underlying: Class A Common Stock · 5,000 shares

Expires 2024-02-27

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F14 · derivative.exercise_date: The shares subject to the stock option vest as follows: 25% of the stock option vested on February 28, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date.

SEC source: 0001127602-18-025505 · form4.xml · nonDerivative · entry 14

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,531

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F13 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.67 to $75.75 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025505 · form4.xml · nonDerivative · entry 13

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,731

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F12 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.67 to $75.53 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025505 · form4.xml · nonDerivative · entry 12

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 205,561

F2 · kind: The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

F11 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.67 to $74.65 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025505 · form4.xml · nonDerivative · entry 11

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 207,531

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025505 · form4.xml · nonDerivative · entry 10

Hu George · CIK 0001386396 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,531

F9 · shares: Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a sell-to-cover transaction and does not represent a discretionary sale by the Reporting Person.

F10 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.68 to $74.6758 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025725 · form4.xml · nonDerivative · entry 3

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Karyn Smith Revocable Trust

Disclosed balance after: 2,819

F5 · kind: Represents the shares received by the Reporting Person's trust.

F6 · ownership.nature: The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.

SEC source: 0001127602-18-025725 · form4.xml · nonDerivative · entry 2

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,585

F4 · kind: Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025725 · form4.xml · nonDerivative · entry 1

Smith Karyn · CIK 0001665730 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,464

F1 · shares: Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.

F2 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.68 to $74.6595 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025729 · form4.xml · nonDerivative · entry 3

Lawson Jeff · CIK 0001665930 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Lawson Revocable Trust

Disclosed balance after: 127,193

F4 · kind: Represents the shares received by the Reporting Person's trust.

F5 · ownership.nature: Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.

SEC source: 0001127602-18-025729 · form4.xml · nonDerivative · entry 2

Lawson Jeff · CIK 0001665930 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 141,801

F3 · kind: Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.

F2 · balance_after: A portion of these shares represent RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025729 · form4.xml · nonDerivative · entry 1

Lawson Jeff · CIK 0001665930 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 147,757

F1 · shares: Represents shares of Class A common stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of Restricted Stock Units ("RSUs").

F2 · balance_after: A portion of these shares represent RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025727 · form4.xml · nonDerivative · entry 3

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Kirkpatrick Family Trust

Disclosed balance after: 86,852

F5 · kind: Represents the shares received by the Reporting Person's trust.

F6 · ownership.nature: The Kirkpatrick Family Trust, established 9/28/1999.

SEC source: 0001127602-18-025727 · form4.xml · nonDerivative · entry 2

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,757

F4 · kind: Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

SEC source: 0001127602-18-025727 · form4.xml · nonDerivative · entry 1

Kirkpatrick Lee · CIK 0001665731 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,286

F1 · shares: Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.

F2 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.68 to $74.666 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.