Form 4: Klaviyo Director Jeff Fagnan Acquires Shares in Multiple Transactions

Director Jeff Fagnan of Klaviyo, Inc. reports acquiring 13,515 shares of Series A Common Stock at a weighted average price of $37.1381 on November 13, 2024, along with other transactions.

Summary

• Jeff Fagnan, a director at Klaviyo, Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock.
• On November 13, 2024, Fagnan acquired 13,515 shares of Series A Common Stock at a weighted average price of $37.1381.
• These shares were purchased in multiple transactions with prices ranging from $37.0650 to $37.2000.
• Fagnan also indirectly owns shares through Tailwater Investments, LLC, Accomplice Fund I, L.P., and shares held by an immediate family member.
• The report includes transactions from August 9, 2024, and August 12, 2024, where shares were acquired at prices of $29.988 and $31.7965 respectively.
• Fagnan disclaims beneficial ownership of shares held by Tailwater Investments, LLC, Accomplice Fund I, L.P., and family members, except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document indicates a director is purchasing shares, which is generally a positive sign. However, it's a routine filing and doesn't provide significant new information about the company's performance.

Positives

• The acquisition of shares by a director could be seen as a positive sign of confidence in the company's future.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders. This filing indicates that a director is actively investing in the company's stock.

Comparison to Industry Standards

• Form 4 filings are a common practice for publicly traded companies in the US, and Klaviyo's filing is consistent with these standards.
• The reported transactions are typical for insider trading activity, with directors often purchasing shares to align their interests with those of shareholders.
• The prices paid for the shares are within the expected range for the company's stock, and the weighted average price is a standard metric used in these filings.

Stakeholder Impact

• The purchase of shares by a director may positively influence investor confidence.

Key Dates

Keywords

Klaviyo, Jeff Fagnan, Form 4, Beneficial Ownership, Series A Common Stock, Insider Trading, Tailwater Investments, Accomplice Fund I, Share Acquisition