Form 4: Klaviyo Director Jennifer Ceran Executes Stock Transactions

Director Jennifer Ceran of Klaviyo, Inc. reports acquiring and disposing of Series A Common Stock on May 22, 2024, according to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 22, 2024, Jennifer Ceran, a director at Klaviyo, Inc., engaged in transactions involving the company's Series A Common Stock.
• Ceran acquired 13,000 shares of Series A Common Stock through a conversion of Series B Common Stock.
• Simultaneously, Ceran disposed of 13,000 shares of Series A Common Stock at a price of $24.65 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on December 14, 2023.
• Following these transactions, Ceran's direct ownership includes 0 shares of Series A Common Stock and 120,333 shares of Series B Common Stock, which are convertible to Series A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider trading activity.

Key Dates