Form 4: Klaviyo CPO Carmel Galvin Executes Tax Withholding Sale
Statement of Changes in Beneficial Ownership
Klaviyo Chief People Officer Carmel Galvin disposed of 30,541 shares to satisfy tax obligations related to RSU vesting.
Summary
- Carmel Galvin, Chief People Officer at Klaviyo, Inc., reported the disposition of 30,541 shares of Series A Common Stock.
- The transaction occurred on May 15, 2026, at a price of $14.38 per share.
- The shares were withheld by the company to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units (RSUs).
- Following this transaction, the reporting person maintains beneficial ownership of 937,999 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard tax-related transaction rather than a strategic shift or discretionary insider selling.
Positives
- The transaction was a mandatory tax withholding event rather than a discretionary open-market sale, indicating continued alignment with company equity.
Negatives
- The transaction results in a reduction of the reporting person's direct share count.
Risks
- Future tax withholding requirements may necessitate further share dispositions upon the vesting of remaining unvested RSUs and performance stock units.
Future Outlook
No specific forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a routine administrative disclosure common in the technology sector, where executive compensation packages heavily utilize RSU structures that trigger automatic tax withholding events upon vesting.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for equity-based compensation in the SaaS industry.
- The use of 'sell-to-cover' tax withholding is consistent with practices at peer companies like HubSpot or Salesforce.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a non-discretionary tax settlement.
Next Steps
- Future vesting of the remaining 612,553 unvested RSUs and 162,337 performance stock units.
Key Dates
| Date | Description |
|---|---|
| 05/15/2026 | Date of the reported transaction involving the withholding of shares for tax purposes. |
| 05/18/2026 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Klaviyo, KVYO, Form 4, Insider Trading, Tax Withholding, Equity Compensation
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