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

Role
Chief Legal Officer
Signature
/s/ Landon Edmond
Stock symbol
KVYO
Transactions as of
May 15, 2024
Transactions value $
-$639,542
Form type
4
Date filed
5/17/2024, 04:26 PM
Previous filing
Apr 17, 2024
Next filing
Aug 9, 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 +16.7K +6.06% 292K May 15, 2024 Direct F1, F2
transaction KVYO Series A Common Stock Tax liability -$640K -25.8K -8.84% $24.80 266K 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 -16.7K -5.18% $0.00 305K May 15, 2024 Series A Common Stock 16.7K 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 16,666 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 25,788 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) 11,002 shares of Series A Common Stock and (ii) 254,959 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) 141,986 shares of Series B Common Stock and (ii) 163,267 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.