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

Amanda Whalen, CFO of Klaviyo, Inc., reports stock transactions including conversions, tax withholdings, and sales under a pre-arranged 10b5-1 trading plan.

Summary

• On May 15, 2025, Amanda Whalen, the CFO of Klaviyo, Inc., engaged in multiple transactions involving the company's stock.
• 29,513 shares of Series B Common Stock were automatically converted into Series A Common Stock to cover tax obligations related to vesting RSUs.
• The company withheld 46,829 shares of Series A Common Stock to satisfy tax obligations at a price of $34.9 per share.
• On May 16, 2025, Whalen sold 15,000 shares of Series A Common Stock at a weighted average price of $34.98 per share.
• These sales were executed under a Rule 10b5-1 trading plan adopted on August 16, 2024.
• Following these transactions, Whalen directly owns 521,627 shares of Series A Common Stock.
• Whalen also indirectly owns 475,397 shares of Series B Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's a standard regulatory filing.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors. The use of a 10b5-1 trading plan is a common strategy to avoid accusations of insider trading, as it establishes a pre-arranged schedule for stock transactions.

Comparison to Industry Standards

• The transactions are typical for executives at publicly traded companies.
• The use of a 10b5-1 trading plan is a common practice to ensure compliance with insider trading regulations, similar to plans used by executives at companies like Salesforce and Adobe.
• The reporting requirements are in line with SEC regulations for Form 4 filings, comparable to those of other publicly listed companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests the transactions were planned and not based on inside information.
• Employees holding RSUs may be interested in the stock price at which shares are being withheld for tax purposes.

Key Dates

Keywords

Klaviyo, Amanda Whalen, Form 4, Stock Transactions, Series A Common Stock, Series B Common Stock, Rule 10b5-1, CFO, RSUs, Tax Withholding