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

Klaviyo's Chief Financial Officer, Amanda Whalen, engaged in multiple stock transactions, including acquisitions and disposals of Series A and B common stock, under a pre-arranged 10b5-1 trading plan.

Summary

• Amanda Whalen, the Chief Financial Officer of Klaviyo, Inc., executed several transactions involving the company's stock on January 10, 2025.
• These transactions included the acquisition of 15,000 shares of Series A Common Stock and the disposal of 15,000 shares of Series A Common Stock through multiple sales.
• The sales of Series A Common Stock were executed at weighted average prices of $39.34 and $38.68 per share.
• The transactions were conducted under a Rule 10b5-1 trading plan adopted on August 16, 2024.
• Following these transactions, Ms. Whalen beneficially owns 391,820 shares of Series A Common Stock and 535,058 shares of Series B Common Stock, including unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity under a pre-arranged plan, which is neither positive nor negative.

Risks

• The sale of shares by a key executive could be perceived negatively by the market, although it was conducted under a pre-arranged trading plan.
• Fluctuations in the stock price could impact the value of the remaining holdings.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, such as those in the technology sector like Salesforce or Adobe, to manage their stock transactions.
• The reported weighted average prices are within the expected range for market transactions of this type.
• The volume of shares traded is not unusual for a CFO's transactions under a pre-arranged plan.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they reflect routine insider trading activity.
• The use of a 10b5-1 plan provides transparency and reduces the risk of insider trading concerns.

Key Dates

Keywords

Klaviyo, stock transactions, Form 4, insider trading, Rule 10b5-1, Amanda Whalen, CFO, Series A Common Stock, Series B Common Stock, restricted stock units