Form 4: Klaviyo Director Susan St. Ledger Receives Equity Award

Klaviyo, Inc. Director Susan St. Ledger was granted 5,820 restricted stock units (RSUs) on June 10, 2025, as part of her compensation.

Summary

• Klaviyo, Inc. Director Susan St. Ledger reported the acquisition of 5,820 Series A Common Stock on June 10, 2025.
• These shares represent Restricted Stock Units (RSUs) awarded under the Issuer's 2023 Stock Option and 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 upon the earlier of June 10, 2026, or the date of the Issuer's next annual meeting of stockholders, subject to continued service.
• Following this transaction, Ms. St. Ledger beneficially owns a total of 14,352 shares, comprising 8,532 shares of Series A Common Stock and 5,820 unvested RSUs.

Sentiment

Score: 7

Explanation: The document reports a standard equity award to a director, which is a positive for aligning management interests with shareholders. There are no negative financial implications or unexpected events reported.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Susan St. Ledger aligns her interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The award is part of the Issuer's 2023 Stock Option and Incentive Plan, indicating a structured approach to executive and director compensation.

Risks

• The vesting of the 5,820 Restricted Stock Units (RSUs) is contingent upon Susan St. Ledger's continued service as a member of the Issuer's board of directors through the vesting date.

Future Outlook

The 5,820 Restricted Stock Units (RSUs) granted to Director Susan St. Ledger are scheduled to vest in full upon the earlier of June 10, 2026, or the date of the Issuer's next annual meeting of stockholders, contingent on her continued service.

Industry Context

This Form 4 filing reflects a standard practice in corporate governance where publicly traded companies grant equity awards, such as Restricted Stock Units (RSUs), to their directors as a form of compensation. This practice is common across various industries to align the interests of directors with long-term shareholder value.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to a director is a common compensation practice, comparable to similar equity awards seen at technology companies like HubSpot (HUBS) or Salesforce (CRM) for their non-employee directors.
• The vesting schedule, tied to continued service and a specific future date or the next annual meeting, is a standard mechanism to ensure director retention and commitment, consistent with corporate governance norms observed in the broader tech sector.

Corporate Governance

Related Party Transactions

• The grant of 5,820 Restricted Stock Units (RSUs) to Susan St. Ledger, a director of Klaviyo, Inc., constitutes a transaction with a related party (an insider).

Stakeholder Impact

• Shareholders: The equity award to a director aligns her financial interests with those of shareholders, potentially encouraging decisions that enhance long-term stock value.
• Employees: While not directly impacting employees, the use of equity compensation plans for directors sets a precedent for how the company values and incentivizes its leadership.

Next Steps

• Vesting of 5,820 Restricted Stock Units (RSUs) on the earlier of June 10, 2026, or the date of Klaviyo's next annual meeting of stockholders.

Key Dates

Keywords

Klaviyo, KVYO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Equity Award, Director Compensation, Stock Option Plan, Beneficial Ownership