Form 4: Klaviyo CFO Amanda Whalen Executes Stock Transactions Under 10b5-1 Plan

Klaviyo's Chief Financial Officer, Amanda Whalen, engaged in multiple stock transactions, including acquisitions, disposals, and conversions, as part of a pre-arranged trading plan.

Summary

• Amanda Whalen, the Chief Financial Officer of Klaviyo, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On November 15, 2024, 18,856 shares of Series B Common Stock were converted to Series A Common Stock due to tax obligations related to vesting RSUs.
• Also on November 15, 2024, 31,053 shares of Series A Common Stock were disposed of at $35.16 per share to cover tax obligations.
• On November 18, 2024, 15,000 shares of Series A Common Stock were sold at an average price of $34.56 per share, with prices ranging from $34.16 to $35.00.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on August 16, 2024.
• Following these transactions, Ms. Whalen directly owns 395,616 shares of Series A Common Stock and indirectly owns 586,262 shares of Series B Common Stock.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• The transactions are typical for executives who receive stock-based compensation and use 10b5-1 plans to manage their holdings.
• Similar filings are common among publicly traded technology companies like Klaviyo, such as those from Shopify, HubSpot, and Salesforce, where executives often have significant stock holdings and use similar plans for trading.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the trading activities of a key executive.
• The sales of shares by the CFO may have a minor impact on the stock price, but are unlikely to be significant given the pre-planned nature of the transactions.

Key Dates

Keywords

Form 4, Klaviyo, Insider Trading, Stock Transactions, Rule 10b5-1, Amanda Whalen, Chief Financial Officer, Stock Ownership, Series A Common Stock, Series B Common Stock, RSUs