Astral Capital ABEH, LLC - Feb 13, 2024 Form 4 Insider Report for Klaviyo, Inc. (KVYO)

Role
10%+ Owner
Signature
Astral Capital ABEH, LLC, By: Astral Capital ABEH Manager, LLC, Manager, By: /s/ Jon Karlen, Title: Manager
Stock symbol
KVYO
Transactions as of
Feb 13, 2024
Transactions value $
$0
Form type
4
Date filed
2/15/2024, 05:18 PM
Previous filing
Oct 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KVYO Series A Common Stock Conversion of derivative security +5.12M +41493.76% 5.13M Feb 13, 2024 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KVYO Series B Common Stock Conversion of derivative security $0 -5.12M -100% $0.00* 0 Feb 13, 2024 Series A Common Stock 5.12M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 13, 2024, Astral Capital ABEH, LLC converted 5,117,010 shares of the Issuer's Series B Common Stock, par value $0.001 per share ("Series B Common Stock") into 5,117,010 shares of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock").
F2 Each share of Series B Common Stock is convertible at any time at the option of the holder into one share of Series A Common Stock of the Issuer, and will automatically convert into Series A Common Stock upon the occurrence of certain events as set forth in the Issuer's certificate of incorporation. The Series B Common Stock has no expiration date.
F3 Shares held by Astral Capital ABEH, LLC. Astral Capital ABEH Manager, LLC is the sole manager of Astral Capital ABEH, LLC. Jon Karlen is the sole manager of Astral Capital ABEH Manager, LLC. Each Reporting Person disclaims beneficial ownership of the shares reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), except to the extent of his or its pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Section 16 or any other purpose.