Allen Chaves - 16 Sep 2024 Form 4 Insider Report for Klaviyo, Inc. (KVYO)

Reporting relationship: Chief Technology Officer
Issuer ticker: KVYO
Reported as of: 16 Sep 2024
Net transaction value: -$4,140,174
SEC form: 4
Accepted by SEC: 18 Sep 2024, 17:41:24 UTC
Prior SEC filing: 16 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Landon Edmond, Attorney-in-Fact

Key filing fact

Allen Chaves filed Form 4 for Klaviyo, Inc. (KVYO) on 18 Sep 2024.

Key facts

This page summarizes Allen Chaves's Form 4 filing for Klaviyo, Inc. (KVYO).
8 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 18 Sep 2024, 17:41.

Change

Previous filing in this sequence was filed on 16 Aug 2024.
Current net transaction value: -$4,140,174.

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: $0
Shares: +130,000
Change %
Price: $0.000000
Shares after: 130,000
Date: 16 Sep 2024
Ownership: Direct
Footnotes: F1

KVYO transaction

Series A Common Stock

Sale

Transaction value: $3,237,144
Shares: -101,066
Change %: -78%
Price: $32.03
Shares after: 28,934
Date: 16 Sep 2024
Ownership: Direct
Footnotes: F1, F2

KVYO transaction

Series A Common Stock

Sale

Transaction value: $903,030
Shares: -28,934
Change %: -100%
Price: $31.21
Shares after: 0
Date: 16 Sep 2024
Ownership: Direct
Footnotes: F1, F3

Reported derivative securities

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

KVYO transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -130,000
Change %: -11%
Price: $0.000000
Shares after: 1,028,693
Date: 16 Sep 2024
Ownership: Direct
Underlying class: Series B Common Stock
Underlying amount: 130,000
Exercise price: $3.06
Footnotes: F1, F4

KVYO transaction Derivative

Series B Common Stock

Options Exercise

Transaction value: $0
Shares: +130,000
Change %: +57%
Price: $0.000000
Shares after: 356,314
Date: 16 Sep 2024
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 130,000
Exercise price
Footnotes: F1, F5

KVYO transaction Derivative

Series B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -130,000
Change %: -36%
Price: $0.000000
Shares after: 226,314
Date: 16 Sep 2024
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 130,000
Exercise price
Footnotes: F1, F5

KVYO transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -32,733
Change %: -3.2%
Price: $0.000000
Shares after: 995,960
Date: 17 Sep 2024
Ownership: Direct
Underlying class: Series B Common Stock
Underlying amount: 32,733
Exercise price: $3.06
Footnotes: F4

KVYO transaction Derivative

Series B Common Stock

Options Exercise

Transaction value: $0
Shares: +32,733
Change %: +14%
Price: $0.000000
Shares after: 259,047
Date: 17 Sep 2024
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 32,733
Exercise price
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

These transactions were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 21, 2023.

Footnote F2

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.50 to $32.50 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F3

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $30.65 to $31.49 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F4

The shares underlying this option are fully vested and exercisable by the Reporting Person as of the date hereof.

Footnote F5

Each share of Series B Common Stock, par value $0.001 per share ("Series B Common Stock"), is convertible at any time at the option of the holder into one share of Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), of the Issuer, 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.

Footnote F6

Consists of (i) 178,203 shares of Series B Common Stock and (ii) 80,844 unvested restricted stock units 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.