Form 4: Klaviyo's Chief Legal Officer, Landon Edmond, Sells Shares Under 10b5-1 Plan

Landon Edmond, Chief Legal Officer of Klaviyo, Inc., executed sales of Series A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Landon Edmond, the Chief Legal Officer of Klaviyo, Inc., reported the sale of Series A Common Stock on March 3, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 16, 2024.
• A total of 3,900 shares were sold at a weighted average price of $39.26, with individual prices ranging from $38.94 to $39.64 per share.
• An additional 2,322 shares were sold at a weighted average price of $38.20, with individual prices ranging from $38.05 to $38.37 per share.
• Following these transactions, Edmond directly owns 286,831 shares, which includes 85,864 shares of Series A Common Stock and 200,967 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any positive or negative outlook.

Industry Context

Sales by company insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times and prices to avoid accusations of trading on non-public information.

Stakeholder Impact

• The stock sale by a high-ranking officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates

Keywords

Form 4, Klaviyo, KVYO, Landon Edmond, Series A Common Stock, Rule 10b5-1, Insider Trading, Chief Legal Officer, Stock Sale