SCHEDULE 13G/A: Accomplice Fund I and Jeff Fagnan Maintain Significant 10.5% Stake in Klaviyo, Inc.

Accomplice Fund I, L.P., along with its general partner Accomplice Associates I, LLC, and Jeff Fagnan, have disclosed a continued beneficial ownership of approximately 10.5% of Klaviyo, Inc.'s Series A Common Stock as of March 31, 2025.

Summary

• Accomplice Fund I, L.P., Accomplice Associates I, LLC, and Jeff Fagnan have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Klaviyo, Inc.
• As of March 31, 2025, Accomplice Fund I, L.P. and Accomplice Associates I, LLC each beneficially own 11,114,110 shares of Klaviyo, Inc.'s Series A Common Stock.
• Jeff Fagnan, as the sole Class A Member of Accomplice Associates I, LLC, beneficially owns a total of 11,137,154 shares, which includes the shares held by Accomplice entities, 44 shares from an immediate family member, and 23,000 shares held by Tailwater Investments, LLC.
• This collective ownership represents approximately 10.5% of Klaviyo, Inc.'s Series A Common Stock.
• The 10.5% stake is calculated based on 94,574,036 shares of Series A Common Stock outstanding as of March 31, 2025, as reported by Klaviyo, Inc. in its Form 10-Q, plus 11,087,390 shares of Series B Common Stock held by the reporting persons, which are treated as converted into Series A Common Stock for the purpose of this filing.
• The filing indicates that each reporting person holds sole voting and dispositive power over their respective beneficially owned shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without inherent positive or negative sentiment regarding the company's performance or future prospects.

Positives

• A significant institutional investor and its principals maintain a substantial ownership stake (10.5%) in Klaviyo, Inc., indicating continued confidence in the company.
• The filing is an amendment to a Schedule 13G, demonstrating ongoing compliance and transparency regarding major shareholdings.

Negatives

• The document is a routine disclosure of ownership and does not provide new operational or financial insights into Klaviyo, Inc.'s performance.
• It does not indicate any new investment or an increased stake, but rather a re-affirmation of an existing significant holding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence market perception and trading activity.
• Company Management: Awareness of a large, stable shareholder base.

Key Dates

Keywords

Klaviyo Inc., SEC Filing, Schedule 13G, Beneficial Ownership, Accomplice Fund I, Jeff Fagnan, Series A Common Stock, Institutional Investor, Shareholding, Ownership Disclosure