TWILIO INC

Ticker: TWLO CUSIP: 90138F102 Class: Common Stock

ELEMENT CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001535630)

Note: Option positions (PUT/CALL) are excluded.

Q1 2018

Shares 198,464 Value ($000) $7,577 Avg Close $31.67 Range $23.25 - $42.54

Q4 2017

Shares 350,039 Value ($000) $8,261 Avg Close $28.07 Range $23.54 - $33.07

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	198,464	$7,577	$31.67	$23.25 - $42.54
Q4 2017	350,039	$8,261	$28.07	$23.54 - $33.07