Landon Edmond - 15 Feb 2024 Form 4/A Insider Report for Klaviyo, Inc. (KVYO)

Role
Chief Legal Officer
Signature
/s/ Landon Edmond
Issuer symbol
KVYO
Transactions as of
15 Feb 2024
Net transactions value
-$669,069
Form type
4/A
Filing time
20 Feb 2024, 21:27:01 UTC
Date Of Original Report
16 Feb 2024
Previous filing
17 Nov 2023
Next filing
03 Apr 2024
SEC
View on sec.gov

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 +16,667 +9.2% 198,589 15 Feb 2024 Direct F1, F2
transaction KVYO Series A Common Stock Tax liability $669,069 -22,520 -11% $29.71 176,069 15 Feb 2024 Direct F1, 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 -16,667 -4.6% $0.000000 345,135 15 Feb 2024 Series A Common Stock 16,667 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 16,667 shares of Series B Common Stock, par value $0.001 per share ("Series B Common Stock"), automatically converted into Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), and 22,520 shares of Series A Common Stock subsequently withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs").
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 Consists of (i) 11,069 shares of Series A Common Stock and (ii) 165,000 unvested RSUs awarded under the 2023 Stock Incentive Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
F4 Consists of (i) 148,984 shares of Series B Common Stock and (ii) 196,151 unvested RSUs awarded under the 2015 Stock Incentive Plan, each representing the contingent right to receive one share of Series B Common Stock upon vesting and settlement.

Remarks:

This amendment amends and restates the Form 4 originally filed on February 16, 2024 to correct the number of shares converted by, and withheld from, the Reporting Person in connection with tax withholding obligations associated with the vesting of RSUs.