Form 4: Klaviyo Executive Awarded 100,597 RSUs

Klaviyo's Interim Executive Officer, Luciano Fernandez Gomez, was awarded 100,597 Restricted Stock Units, vesting in November 2025.

Summary

• Luciano Fernandez Gomez, a Director and Interim Executive Officer of Klaviyo, Inc. (KVYO), was awarded 100,597 Restricted Stock Units (RSUs).
• These RSUs represent the contingent right to receive one share of Klaviyo's Series A Common Stock upon vesting and settlement.
• The RSUs are scheduled to vest in full on November 15, 2025, contingent on Mr. Fernandez Gomez's continued service to the company.
• Following this transaction, Mr. Fernandez Gomez beneficially owns a total of 127,385 shares, which includes 20,968 vested Series A Common Stock shares and 106,417 unvested RSUs.

Sentiment

Score: 7

Explanation: The award of a significant number of Restricted Stock Units to a key executive is generally positive as it aligns management incentives with shareholder value and promotes retention.

Positives

• The award of 100,597 Restricted Stock Units (RSUs) to a key executive aligns management's interests with shareholder value.
• The RSUs vest in full on November 15, 2025, providing a clear incentive for continued service and performance.

Risks

• Vesting of the 100,597 Restricted Stock Units is contingent upon the reporting person's continued service until November 15, 2025.

Future Outlook

The award of Restricted Stock Units (RSUs) is designed to incentivize the executive's continued service and align their interests with the company's long-term performance, with full vesting scheduled for November 15, 2025.

Industry Context

The award of Restricted Stock Units (RSUs) is a common executive compensation practice in the technology sector, used to attract, retain, and incentivize key personnel by aligning their financial interests with the company's stock performance and long-term success.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for executive compensation is a standard practice across the technology industry, comparable to compensation structures at companies like Salesforce, Adobe, and HubSpot, which frequently utilize equity awards to incentivize leadership and align their performance with shareholder value.

Stakeholder Impact

• Shareholders: Potential positive impact through increased alignment of executive interests with company performance and long-term value creation.
• Employees: Standard executive compensation practices can signal stability and competitive remuneration within the company's leadership.

Next Steps

• Continued service of Luciano Fernandez Gomez until November 15, 2025, for full vesting of the awarded RSUs.
• Settlement of the vested RSUs into Series A Common Stock on or after November 15, 2025.

Key Dates

Recommendation

This Form 4 reports a standard executive compensation event involving the award of Restricted Stock Units. While it aligns management incentives with shareholder value, it does not present new fundamental information that would warrant a change in investment recommendation. It is a routine transaction consistent with ongoing compensation plans.

Keywords

Klaviyo, KVYO, RSU, Restricted Stock Units, executive compensation, insider transaction, Form 4, stock award