Form 4: Klaviyo President Rowland Stephen Eric Reports Changes in Beneficial Ownership

President Rowland Stephen Eric of Klaviyo, Inc. reports transactions involving Series A and Series B Common Stock related to tax withholding obligations and RSU vesting.

Summary

• On February 15, 2025, Rowland Stephen Eric, President of Klaviyo, Inc., reported changes in beneficial ownership of the company's stock.
• These changes involve transactions related to the conversion of Series B Common Stock into Series A Common Stock and the withholding of shares to cover tax obligations associated with the vesting of Restricted Stock Units (RSUs).
• Specifically, 23,048 shares of Series B Common Stock were converted to Series A Common Stock, and 28,751 shares of Series A Common Stock were withheld to satisfy tax obligations at a price of $47 per share.
• Following these transactions, Rowland directly owns 254,700 shares of Series A Common Stock.
• Rowland also holds 541,384 Series B Common Stock and 513,120 Series A Common Stock in unvested RSUs.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It doesn't necessarily reflect a strategic shift or significant event for Klaviyo within the broader marketing automation industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to internal stock management for executive compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Klaviyo, KVYO, Rowland Stephen Eric, Series A Common Stock, Series B Common Stock, Restricted Stock Units, RSUs, Tax Withholding