Form 4: Klaviyo's Chief Legal Officer, Landon Edmond, Reports Stock Transactions

Landon Edmond, Chief Legal Officer of Klaviyo, Inc., reports the conversion and disposal of Series A and B Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 15, 2024, Landon Edmond, the Chief Legal Officer of Klaviyo, Inc., engaged in transactions involving the company's stock.
• 16,666 shares of Series B Common Stock were automatically converted into Series A Common Stock.
• 25,788 shares of Series A Common Stock were withheld by the issuer to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs) at a price of $24.8 per share.
• Following these transactions, Edmond directly owns 265,961 shares of Series A Common Stock.
• Edmond also holds 305,253 derivative securities, including Series B Common Stock and unvested RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative implications for the company's performance.

Industry Context

This 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 key personnel and their holdings in the company.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect the executive's compensation and tax obligations.

Key Dates