Form 4: Klaviyo President Stephen Eric Rowland Reports Stock Transactions

Stephen Eric Rowland, President of Klaviyo, Inc., reports transactions involving Series A and Series B Common Stock, including conversions, sales, and shares withheld for tax obligations.

Summary

• On August 15 and 16, 2024, Stephen Eric Rowland, President of Klaviyo, Inc., engaged in multiple transactions involving the company's stock.
• These transactions included the conversion of 92,033 Series B Common Stock into Series A Common Stock on August 15 and 18,114 on August 16.
• Shares were also withheld to cover tax obligations related to the vesting of restricted stock units (RSUs).
• Additionally, Rowland sold 18,114 shares of Series A Common Stock at a weighted average price of $31.67 on August 16.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on March 6, 2024.
• Following these transactions, Rowland directly owns 192,488 shares of Series A Common Stock and indirectly owns 710,843 shares of Series B Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives and their potential impact on the market.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares by a company insider.
• The impact on employees is related to the vesting of RSUs and associated tax obligations.

Key Dates