4/A: Jeff Fagnan Amends Form 4 Filing to Reflect Series A Common Stock Acquisition

Jeff Fagnan, a Director and 10% Owner of Klaviyo, Inc., amended his Form 4 filing to reflect the acquisition of Series A Common Stock by a member of his immediate family.

Summary

• This is an amendment to a Form 4 filing by Jeff Fagnan, a Director and 10% owner of Klaviyo, Inc.
• The amendment, filed on September 5, 2024, updates the original filing from August 2, 2024.
• The amendment reflects shares of Series A Common Stock acquired by a member of Fagnan's immediate family.
• Fagnan also acquired 9,485 shares of Series A Common Stock on August 1, 2024, at a price of $26.4336 per share.
• Additional Series A Common Stock was acquired on June 17, 2024, July 1, 2024, and July 16, 2024, at prices of $22.5059, $24.8099, and $25.0752 respectively.
• Fagnan disclaims beneficial ownership of shares held by an immediate family member, Tailwater Investors, LLC, and Accomplice Fund I, L.P., except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for maintaining market integrity and investor confidence.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice across publicly traded companies.
• Companies like Snowflake, Datadog, and HubSpot also have frequent Form 4 filings reflecting stock transactions by their executives and directors.
• The level of detail provided in this Form 4 is consistent with SEC requirements and industry norms for transparency.

Stakeholder Impact

• Shareholders are informed about insider transactions, which can influence their investment decisions.
• The filing ensures transparency and compliance with SEC regulations.

Key Dates