Form 4: Klaviyo Director Fernandez Gomez Luciano Reports Changes in Beneficial Ownership

Director Fernandez Gomez Luciano reports acquisition of restricted stock units and holdings of Series A Common Stock in Klaviyo, Inc.

Summary

• On June 11, 2024, Luciano Fernandez Gomez, a director of Klaviyo, Inc., reported changes in beneficial ownership.
• Gomez acquired 8,532 restricted stock units (RSUs) under the company's 2023 Stock Incentive Plan.
• These RSUs represent the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
• The RSUs vest in full upon the earlier of June 11, 2025, or the date of the Issuer's next annual meeting of stockholders, contingent on continued service as a board member.
• Gomez also holds 14,996 shares of Series A Common Stock acquired through a prior in-kind distribution.
• Following the reported transactions, Gomez beneficially owns 23,528 shares, including the unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating changes in beneficial ownership due to RSU grants, which is a common practice.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The vesting conditions tied to continued service align the director's interests with those of the shareholders.

Future Outlook

The vesting of the RSUs is contingent upon continued service as a board member, suggesting a commitment to the company's future.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. RSU grants are a common form of executive compensation in the tech industry.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment as it indicates the director's continued commitment to the company.

Key Dates