Form 4: Klaviyo CEO Andrew Bialecki Sells Shares to Cover Taxes After Exercising Stock Options
SEC Form 4
Klaviyo's CEO, Andrew Bialecki, sold shares of Series A Common Stock to cover taxes incurred from exercising stock options, while also converting Series B Common Stock into Series A Common Stock.
Summary
- Andrew Bialecki, CEO of Klaviyo, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 14, 2025, Bialecki exercised stock options to acquire 15,829,184 shares and 5,600,000 shares of Series B Common Stock.
- He also converted 21,429,184 shares of Series B Common Stock into Series A Common Stock.
- On May 16, 2025, Bialecki sold 10,969,078 shares of Series A Common Stock at a price of $32.895 per share.
- The sale of Series A Common Stock was to cover taxes incurred in connection with the stock option exercises.
- Following these transactions, Bialecki directly owns 74,873,276 shares of Series A Common Stock and indirectly owns shares through various trusts.
- He disclaims beneficial ownership of shares held by the Elizabeth L. Bialecki Irrevocable GST Trust of 2023 and the Andrew P. Bialecki Irrevocable GST Trust of 2023, except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing stock transactions by the CEO. It doesn't inherently convey positive or negative sentiment, but the sale of shares could be interpreted neutrally as covering tax obligations.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- Sales of shares to cover taxes after exercising options are a common practice among executives.
- Form 4 filings are standard regulatory requirements for reporting changes in beneficial ownership.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on the stock price in the short term.
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Earliest transaction date; exercise of stock options and conversion of Series B Common Stock to Series A Common Stock. |
| 05/16/2025 | Sale of Series A Common Stock to cover taxes. |
| 08/31/2025 | Expiration date of some stock options. |
| 09/28/2025 | Expiration date of some stock options. |
Keywords
Form 4, Klaviyo, Bialecki, Stock Options, Series A Common Stock, Series B Common Stock, Beneficial Ownership, Securities Exchange Act
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