Form 4: Klaviyo CFO Amanda Whalen Reports Stock Conversion and Tax Withholding

Amanda Whalen, CFO of Klaviyo, Inc., reports the conversion of Series B Common Stock to Series A Common Stock and subsequent tax withholding.

Summary

• On May 15, 2024, Amanda Whalen, the Chief Financial Officer of Klaviyo, Inc., reported a transaction involving the company's stock.
• 18,856 shares of Series B Common Stock were automatically converted into Series A Common Stock.
• The issuer withheld 32,036 shares of Series A Common Stock to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs) at a price of $24.8.
• Following these transactions, Whalen directly owns 453,993 shares of Series A Common Stock and indirectly owns 685,974 shares of Series B Common Stock.
• These holdings include both vested shares and unvested RSUs under the company's 2015 and 2023 Stock Incentive Plans.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The tax withholding impacts the executive's net compensation.

Key Dates