The Company had reserved shares of common stock for issuance as follows: | | | | | | | | | | | | | | | | | As of June 30, | | As of December 31, | | | 2025 | | 2024 | | Stock options issued and outstanding | | 964,952 | | | 1,322,176 | | | Unvested restricted stock units issued and outstanding | | 17,300,882 | | | 18,386,271 | | | Shares of Class A common stock reserved for Twilio.org | | 309,429 | | | 353,633 | | | Stock-based awards available for grant under 2016 Plan | | 28,518,814 | | | 23,292,678 | | | Shares of Class A common stock reserved for issuance pursuant to ESPP | | 10,982,134 | | | 9,709,326 | | | Total | | 58,076,211 | | | 53,064,084 | |
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