Form 4: Klaviyo Chief Legal Officer Sells Shares Under 10b5-1 Trading Plan

Klaviyo's Chief Legal Officer, Landon Edmond, sold a total of 40,000 shares of Series A Common Stock on January 7, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Landon Edmond, the Chief Legal Officer of Klaviyo, Inc., executed sales of Series A Common Stock on January 7, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on August 16, 2024.
• A total of 14,793 shares were sold at a weighted average price of $42.10, with individual prices ranging from $41.90 to $42.89.
• An additional 25,207 shares were sold at a weighted average price of $41.62, with individual prices ranging from $41.22 to $41.89.
• Following these transactions, Mr. Edmond beneficially owns 79,642 shares of Series A Common Stock and 218,965 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine filing for insider transactions and is common for executives who have pre-arranged trading plans. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among executives at publicly traded companies to avoid accusations of insider trading.
• The sale of shares by executives is a normal part of compensation and portfolio management, and the volume of shares sold is not unusual for a company of Klaviyo's size.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the pre-arranged nature of the sale mitigates any significant concern.

Key Dates

Keywords

Klaviyo, insider trading, Form 4, Landon Edmond, stock sale, Rule 10b5-1, executive, Series A Common Stock