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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 May 2024, 16:18:05 UTC
Prior SEC filing
16 Feb 2024
Next SEC filing
14 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Landon Edmond, Attorney-in-Fact

Key filing fact

Allen Chaves filed Form 4 for Klaviyo, Inc. (KVYO) on 17 May 2024.

Key facts

  • This page summarizes Allen Chaves's Form 4 filing for Klaviyo, Inc. (KVYO).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 17 May 2024, 16:18.

Change

  • Previous filing in this sequence was filed on 16 Feb 2024.
  • Current net transaction value: -$297,699.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

KVYO transaction

Series A Common Stock

Conversion of derivative security

Transaction value
Shares
+12,004
Change %
Price
Shares after
12,004
Date
15 May 2024
Ownership
Direct
Footnotes
F1, F2
KVYO transaction

Series A Common Stock

Tax liability

Transaction value
$297,699
Shares
-12,004
Change %
-100%
Price
$24.80
Shares after
0
Date
15 May 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KVYO transaction Derivative

Series B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-12,004
Change %
-5.5%
Price
$0.000000
Shares after
206,742
Date
15 May 2024
Ownership
Direct
Underlying class
Series A Common Stock
Underlying amount
12,004
Exercise price
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents 12,004 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"), which were subsequently withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs").

Footnote 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.

Footnote F3

Consists of (i) 98,679 shares of Series B Common Stock and (ii) 108,063 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.

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