Form 4: Klaviyo Director Tony Weisman Executes Stock Transactions

Director Tony Weisman of Klaviyo, Inc. reports the sale and acquisition of Series A Common Stock on February 29, 2024.

Summary

• Tony Weisman, a director at Klaviyo, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 29, 2024, Weisman acquired 33,333 shares of Series A Common Stock and disposed of 33,333 shares of Series A Common Stock at a price of $25.97.
• The shares were sold in multiple transactions at prices ranging from $25.91 to $26.10.
• Following these transactions, Weisman directly owns no shares of Series A Common Stock.
• Weisman also indirectly owns 75,000 shares of Series B Common Stock, including 8,333 unvested restricted stock units which vested on March 1, 2024.
• An additional 20,833 shares of Series B Common Stock are held in a trust for which Weisman serves as trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the buying and selling activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with SEC regulations and reporting requirements.
• Comparable companies such as Braze and Salesforce also have insiders who file Form 4s when they trade company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they provide insight into insider trading activity.
• The vesting of RSUs impacts the number of outstanding shares.

Key Dates