Amanda Whalen - May 15, 2024 Form 4 Insider Report for Klaviyo, Inc. (KVYO)

Role
Chief Financial Officer
Signature
/s/ Landon Edmond, Attorney-in-Fact
Stock symbol
KVYO
Transactions as of
May 15, 2024
Transactions value $
-$794,493
Form type
4
Date filed
5/17/2024, 04:34 PM
Previous filing
Apr 17, 2024

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 +18,856 +4.04% 486,029 May 15, 2024 Direct F1, F2
transaction KVYO Series A Common Stock -Tax liability -$794,493 -32,036 -6.59% $24.80 453,993 May 15, 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 -18,856 -2.68% $0.00 685,974 May 15, 2024 Series A Common Stock 18,856 Direct F1, F2, F4

Explanation of Responses:

Id Content
F1 Represents 18,856 shares of the Issuer's Series B Common Stock, par value $0.001 per share ("Series B Common Stock"), automatically converted into shares of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), and 32,036 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, 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) 39,598 shares of Series A Common Stock and (ii) 414,395 unvested RSUs awarded under the Issuer's 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) 207,849 shares of Series B Common Stock and (ii) 478,125 unvested RSUs awarded under the Issuer's 2015 Stock Incentive Plan, each representing the contingent right to receive one share of Series B Common Stock upon vesting and settlement.