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Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Stockholders' Equity  
Stockholders' Equity

 

12. Stockholders’ Equity

 

(a)Preferred Stock

 

As of June 30, 2018 and December 31, 2017, the Company had authorized 100,000,000 shares of preferred stock, par value $0.001, of which no shares were issued and outstanding.

 

(b)Common Stock

 

As of June 30, 2018 and December 31, 2017, the Company had authorized 1,000,000,000 shares of Class A common stock and 100,000,000 shares of Class B common stock, each par value $0.001 per share. As of June 30, 2018, 76,511,357 shares of Class A common stock and 20,828,123 shares of Class B common stock were issued and outstanding. As of December 31, 2017, 69,906,550 shares of Class A common stock and 24,063,246 shares of Class B common stock were issued and outstanding.

 

The Company had reserved shares of common stock for issuance as follows:

 

 

 

As of
June 30,

 

As of
December 31,

 

 

 

2018

 

2017

 

Stock options issued and outstanding

 

9,527,562

 

10,710,427

 

Nonvested restricted stock units issued and outstanding

 

7,705,589

 

5,665,459

 

Class A common stock reserved for Twilio.org

 

635,014

 

635,014

 

Stock-based awards available for grant under 2016 Plan

 

10,877,345

 

10,200,189

 

Stock-based awards available for grant under 2016 ESPP*

 

3,216,460

 

2,478,343

 

Class A common stock reserved for the convertible senior notes

 

10,472,165

 

 

 

 

 

 

 

 

Total

 

42,434,135

 

29,689,432

 

 

 

 

 

 

 

 

* Class A common stock committed for purchase under the 2016 ESPP was 131,581 shares and 235,372 shares as of June 30, 2018 and December 31, 2017, respectively.