SCHEDULE 13G/A: Sands Capital Entities Disclose Significant Stake in Klaviyo, Inc. Common Stock

Sands Capital Ventures, LLC and affiliated entities, including Frank M. Sands, have filed an amended Schedule 13G disclosing their beneficial ownership of Klaviyo, Inc. Series A Common Stock.

Summary

• Sands Capital Ventures, LLC, along with its affiliated funds and Sands Capital Management, LLC, and Frank M. Sands, collectively reported beneficial ownership in Klaviyo, Inc.'s Series A Common Stock.
• Frank M. Sands, who holds ultimate voting and investment power over the reported securities, beneficially owns 4,416,264 shares, representing 4.9% of the class.
• Sands Capital Ventures, LLC, as an investment manager, beneficially owns 3,437,793 shares, accounting for 3.8% of the class.
• Sands Capital Global Innovation Fund II, L.P. holds 2,292,545 shares (2.5% of the class).
• Sands Capital Global Innovation Fund II-KLV, L.P. holds 748,919 shares (0.8% of the class).
• Sands Capital Management, LLC beneficially owns 972,749 shares (1.1% of the class).
• Sands Capital Global Innovation Fund-Public Opportunities, L.P. holds 5,722 shares (0.0% of the class).
• The filing is an Amendment No. 2 to a Schedule 13G, indicating a change in beneficial ownership from a previous filing.
• The securities are held in accounts for various clients, including pension plans, endowments, foundations, and mutual funds, with no single client's interest exceeding 5%.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain qualitative statements or performance metrics.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment firm's stake in Klaviyo, Inc., a publicly traded company. Such disclosures are standard for investors holding more than 5% of a company's stock, providing transparency into major ownership positions within the market.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence from a major investment firm.

Key Dates

Keywords

Klaviyo Inc., Sands Capital, Beneficial Ownership, SEC Filing, Schedule 13G, Series A Common Stock, Institutional Investor, Investment Management