Form 4: Klaviyo Director Susan St. Ledger Acquires 8,532 Shares of Series A Common Stock

Director Susan St. Ledger acquired 8,532 shares of Klaviyo's Series A Common Stock on June 11, 2024, through restricted stock units (RSUs) that vest upon continued service.

Summary

• On June 11, 2024, Susan St. Ledger, a director of Klaviyo, Inc., acquired 8,532 shares of Series A Common Stock.
• The acquisition was made through the granting of restricted stock units (RSUs) under the company's 2023 Stock Incentive Plan.
• Each RSU represents the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
• The 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 St. Ledger's continued service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, aligning their interests with shareholders. It's a routine filing, but insider ownership is generally viewed favorably.

Positives

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

Future Outlook

The director's continued service and vesting of RSUs are tied to the company's future performance and annual meetings.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates