Form 4: Klaviyo's Chief People Officer, Carmel Galvin, Executes Stock Sales Under 10b5-1 Plan

Carmel Galvin, Chief People Officer of Klaviyo, Inc., sold Series A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Carmel Galvin, the Chief People Officer of Klaviyo, Inc., reported changes in beneficial ownership of the company's stock.
• On February 25, 2025, Galvin sold shares of Series A Common Stock in two separate transactions.
• The first transaction involved the sale of 7,883 shares at a weighted average price of $40.56.
• The second transaction involved the sale of 3,648 shares at a weighted average price of $39.85.
• These sales were executed under a Rule 10b5-1 trading plan adopted on November 26, 2024.
• Following these transactions, Galvin beneficially owns 621,354 shares, including 56,151 shares of Series A Common Stock and 561,555 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates