Form 4: Klaviyo CFO Amanda Whalen Sells Shares Under 10b5-1 Trading Plan

Klaviyo's CFO, Amanda Whalen, executed multiple sales of Series A Common Stock on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 3, 2025, Amanda Whalen, the Chief Financial Officer of Klaviyo, Inc. sold shares of Series A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 16, 2024.
• A total of 9,784 shares were sold at a weighted average price of $46.39, 3,516 shares were sold at a weighted average price of $45, and 1,700 shares were sold at a weighted average price of $44.54.
• Following these transactions, Whalen directly owns 376,820 shares of Series A Common Stock, which includes 26,911 shares and 349,909 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive, which is neither particularly positive nor negative.

Industry Context

This filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates