Form 4: Summit Partners Sells 2 Million Shares of Klaviyo (KVYO) at $32.44

Summit Partners L.P. reports the sale of 2,000,000 shares of Klaviyo, Inc. Series A Common Stock at a price of $32.44 per share on March 14, 2025, while also acquiring 2,000,000 shares through conversion.

Summary

• On March 14, 2025, Summit Partners L.P. sold 2,000,000 shares of Klaviyo, Inc.'s Series A Common Stock at $32.44 per share.
• The transaction also involved the acquisition of 2,000,000 shares of Series A Common Stock through conversion from Series B Common Stock.
• Following the reported transactions, Summit Partners L.P. and affiliated entities continue to hold a significant number of shares of Klaviyo's Series B Common Stock, convertible into Series A Common Stock.
• The filing includes multiple entities related to Summit Partners, including Summit Partners Growth Equity Fund IX-A, L.P., Summit Partners Growth Equity Fund IX-B, L.P., Summit Partners Co-Invest (Kiwi), L.P., SUMMIT INVESTORS GE IX/VC IV, LLC, and SUMMIT INVESTORS GE IX/VC IV (UK), L.P.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects a standard transaction filing. The sale of shares could be interpreted in various ways, but without additional context, it's neither overtly positive nor negative.

Industry Context

This filing reflects ongoing transactions by major shareholders in publicly traded companies, which are routinely monitored by investors for insights into shareholder confidence and potential future stock performance.

Stakeholder Impact

• The sale of shares by a major holder like Summit Partners could influence investor sentiment and potentially impact the stock price of Klaviyo.

Key Dates