Stephen Eric Rowland - Feb 15, 2025 Form 4 Insider Report for Klaviyo, Inc. (KVYO)

Role
President
Signature
/s/ Landon Edmond, Attorney-in-Fact
Stock symbol
KVYO
Transactions as of
Feb 15, 2025
Transactions value $
-$1,351,297
Form type
4
Date filed
2/19/2025, 05:49 PM
Previous filing
Jan 17, 2025
Next filing
Mar 7, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KVYO Series A Common Stock Conversion of derivative security +23K +8.85% 283K Feb 15, 2025 Direct F1, F2
transaction KVYO Series A Common Stock Tax liability -$1.35M -28.8K -10.14% $47.00 255K Feb 15, 2025 Direct F3
transaction KVYO Series A Common Stock Conversion of derivative security +28.3K +11.1% 283K Feb 15, 2025 Direct F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KVYO Series B Common Stock Conversion of derivative security $0 -23K -4.08% $0.00 541K Feb 15, 2025 Series A Common Stock 23K Direct F1, F2
transaction KVYO Series B Common Stock Conversion of derivative security $0 -28.3K -5.22% $0.00 513K Feb 15, 2025 Series A Common Stock 28.3K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 23,048 shares of the Issuer's Series B Common Stock, par value $0.001 per share ("Series B Common Stock"), automatically converted into shares of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), in connection with tax withholding obligations related to the vesting and settlement of restricted stock units ("RSUs").
F2 Each share of Series B Common Stock is convertible at any time at the option of the holder into one share of Series A Common Stock and will automatically convert into shares of Series A Common Stock upon the occurrence of certain events as set forth in the Issuer's certificate of incorporation. The Series B Common Stock has no expiration date.
F3 Represents shares of Series A Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
F4 Consists of (i) 130,025 shares of Series A Common Stock and (ii) 152,939 unvested RSUs awarded under the Issuer's 2023 Stock Option and Incentive Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
F5 Consists of 513,120 unvested RSUs awarded under the Issuer's 2015 Stock Incentive Plan, each representing the contingent right to receive one share of Series B Common Stock upon vesting and settlement.