Landon Edmond - 15 Feb 2025 Form 4 Insider Report for Klaviyo, Inc. (KVYO)

Role: Chief Legal Officer
Signature: /s/ Landon Edmond
Issuer symbol: KVYO
Transactions as of: 15 Feb 2025
Net transactions value: -$613,538
Form type: 4
Filing time: 19 Feb 2025, 17:43:15 UTC
Previous filing: 10 Jan 2025
Next filing: 05 Mar 2025
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		+3,914	+1.3%		302,521	15 Feb 2025	Direct	F1, F2
transaction	KVYO	Series A Common Stock	Tax liability	$613,538	-13,054	-4.3%	$47.00	289,467	15 Feb 2025	Direct	F3
transaction	KVYO	Series A Common Stock	Conversion of derivative security		+3,586	+1.2%		293,053	15 Feb 2025	Direct	F2, F4

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	-3,914	-4%	$0.000000	93,586	15 Feb 2025	Series A Common Stock	3,914		Direct	F1, F2
transaction	KVYO	Series B Common Stock	Conversion of derivative security	$0	-3,586	-3.8%	$0.000000	90,000	15 Feb 2025	Series A Common Stock	3,586		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 3,914 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"), in connection with tax withholding obligations related to 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 shares of 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	Represents shares of Series A Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
F4	Consists of (i) 92,086 shares of Series A Common Stock and (ii) 200,967 unvested RSUs awarded under the Issuer's 2023 Stock Option and Incentive Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
F5	Consists of 90,000 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.