Form 4: Klaviyo Director Luciano Fernandez Gomez Reports Stock Transactions

Director Luciano Fernandez Gomez reports the conversion and disposal of Klaviyo (KVYO) stock to cover tax obligations related to vesting restricted stock units.

Summary

• On August 15, 2024, Luciano Fernandez Gomez, a director of Klaviyo, Inc. (KVYO), reported transactions involving the company's stock.
• 7,000 shares of Series B Common Stock were automatically converted into Series A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• 7,000 shares of Series A Common Stock were disposed of to satisfy tax withholding obligations at a price of $31.83 per share.
• Following these transactions, Fernandez Gomez directly owns 23,528 shares of Series A Common Stock, which includes 14,996 shares and 8,532 unvested RSUs.
• He also directly owns 63,000 shares of Series B Common Stock, which includes 16,333 shares and 46,667 unvested RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions related to tax obligations, with no inherent positive or negative implications for the company's overall outlook.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like Klaviyo.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they relate to tax obligations of a director.

Key Dates