Form 4: Klaviyo Director Roxanne Oulman Receives 8,532 Shares of Series A Common Stock

Director Roxanne Oulman acquired 8,532 shares of Klaviyo's Series A Common Stock on June 11, 2024, as part of a restricted stock unit award.

Summary

• On June 11, 2024, Roxanne Oulman, a director of Klaviyo, Inc., acquired 8,532 shares of Series A Common Stock.
• The acquisition was in the form of restricted stock units (RSUs) awarded under the company's 2023 Stock Incentive Plan.
• These RSUs will vest in full on the earlier of June 11, 2025, or the date of Klaviyo's next annual meeting of stockholders, contingent upon Oulman's continued service on the board.
• The price per share at the time of acquisition was $0.
• Following the transaction, Oulman directly owns 8,532 shares of Series A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard equity grant to a board member, which is generally viewed positively as it aligns interests. There are no indications of negative news or concerns.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity grant is a common practice for compensating and incentivizing board members in publicly traded companies, aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the tech industry.
• Companies like Shopify, Atlassian, and Zoom also utilize RSU grants to incentivize and retain their directors.
• The vesting schedules and amounts of equity granted typically depend on the company's size, stage, and overall compensation strategy.

Stakeholder Impact

• The equity grant aligns the director's interests with those of the shareholders, potentially leading to better governance and decision-making.
• Employees may view the equity grant positively as a sign of the company's commitment to its leadership.

Key Dates