SEC v. Hari Prasad Sure, et al. (insider trading, 2025)

Judgment entered

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In January 2025 the Securities and Exchange Commission announced final judgments entered on January 9 against seven defendants in the Twilio insider trading case: software engineers Hari Prasad Sure, Lokesh Lagudu and Chotu Pulagam, and four relatives and friends who traded Twilio options and stock ahead of the May 6, 2020 earnings announcement, for more than $1 million in alleged profits. The judgments carry injunctions, disgorgement and penalties against specified defendants; Sure and Kamujula had pleaded guilty in parallel criminal cases.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

Alleged gain

$1m

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced these judgments on January 14, 2025 as release LR-26217, in a Northern District of California case filed March 28, 2022.

The complaint alleges that the three engineers tipped the others with confidential customer-usage information. The release assigns disgorgement to Sure, Kamujula, Nekkalapudi, Dharmapurikar and Chetan Pulagam and penalties to Lagudu, Chotu Pulagam, Nekkalapudi, Dharmapurikar and Chetan Pulagam, without stating the amounts, so none is recorded.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2025-01-14 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

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This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.