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

Klaviyo's CFO, Amanda Whalen, executed sales of Series A Common Stock on September 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 6, 2024, Amanda Whalen, the Chief Financial Officer of Klaviyo, Inc., sold shares of Series A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 16, 2023.
• A total of 10,000 shares were acquired through conversion, while 10,000 shares were sold in two transactions.
• 9,800 shares were sold at a weighted average price of $29.73, with prices ranging from $29.47 to $30.46 per share.
• An additional 200 shares were sold at a weighted average price of $29.39, with prices ranging from $29.35 to $29.42 per share.
• Following the reported transactions, Whalen beneficially owns 432,813 shares of Series A Common Stock and 615,118 shares of Series B Common Stock, including unvested restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by an executive. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific positive or negative information.

Industry Context

This filing is a routine disclosure of insider trading activity. It is 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 negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates this concern.

Key Dates