Form 4: Klaviyo's Chief People Officer Carmel Galvin Reports Stock Transactions

Carmel Galvin, Chief People Officer of Klaviyo, Inc., reports the sale of shares to cover tax obligations and transactions made under a pre-arranged trading plan.

Summary

• Carmel Galvin, the Chief People Officer of Klaviyo, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2025, 24,817 shares of Series A Common Stock were withheld by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs) at a price of $34.9 per share.
• On May 16, 2025, Galvin sold 11,156 shares of Series A Common Stock at a weighted average price of $35.01 per share, with prices ranging from $34.54 to $35.38.
• These sales were executed under a Rule 10b5-1 trading plan adopted on November 26, 2024.
• Following these transactions, Galvin beneficially owns 711,805 shares, including 71,504 shares of Series A Common Stock and 640,301 unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates

Keywords

Form 4, Klaviyo, Carmel Galvin, stock sale, Rule 10b5-1, RSUs, beneficial ownership, Series A Common Stock