Edmond Landon 4

What Happened
Edmond Landon, Klaviyo’s Chief Legal Officer, had derivative securities converted into common stock on Feb 15 and Feb 17, 2026, and the company withheld/disposed 24,561 shares to satisfy tax withholding obligations. The withholding disposition was recorded at $18.60 per share, producing proceeds of $456,835. The conversion entries (C) reflect conversion of Series B common into Series A common; the withholding (F) is a disposition to cover tax liabilities related to RSU vesting/settlement.

Key Details

• Transaction dates: conversions on 2026-02-15 (11,448 shares) and 2026-02-17 (11,052 shares); tax withholding/disposition reported 2026-02-15 for 24,561 shares.
• Price for withheld/disposed shares: $18.60 per share; total proceeds reported $456,835. Conversion entries show $0.00 as consideration (automatic/conversion events).
• Shares owned after transactions (per filing footnote): 113,414 shares of Series A Common Stock and 228,407 unvested RSUs (each RSU represents the contingent right to one share).
• Footnotes: conversions involve Series B → Series A automatic/optional conversion; the 24,561-share disposition is to satisfy tax withholding tied to RSU vesting. Codes: C = conversion of derivative security; F = payment of exercise price/tax liability (share withholding).
• Filing: Form 4 filed 2026-02-18. The filing does not indicate a late report.

Context

• This was a routine tax-withholding disposition tied to RSU settlement rather than an open-market sale that signals added bearishness—companies commonly withhold or sell shares to cover withholding taxes when RSUs vest.
• Conversion entries reflect the mechanics of converting Series B shares into Series A shares (no cash paid on conversion); the withholding/disposition generated cash proceeds to satisfy tax obligations.