Form 4: Klaviyo CFO Amanda Whalen Reports Stock Transactions

Amanda Whalen, CFO of Klaviyo, Inc., reports the conversion and withholding of Series A and B Common Stock related to tax obligations from RSU vesting.

Summary

• On August 15, 2024, Amanda Whalen, the Chief Financial Officer of Klaviyo, Inc., reported transactions involving the company's Series A and Series B Common Stock.
• 18,856 shares of Series B Common Stock were automatically converted into Series A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The issuer withheld 32,036 shares of Series A Common Stock to satisfy tax withholding obligations related to the vesting and settlement of RSUs at a price of $31.83.
• Following these transactions, Whalen directly owns 422,813 shares of Series A Common Stock, which includes 41,911 shares of Series A Common Stock and 380,902 unvested RSUs.
• Whalen also directly owns 625,118 shares of Series B Common Stock, which includes 194,909 shares of Series B Common Stock and 430,209 unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to tax obligations and RSU vesting.

Key Dates