Galvin Carmel 4
4 · Klaviyo, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Klaviyo (KVYO) CPO Galvin Carmel Receives Stock Awards
What Happened
- Galvin Carmel, Klaviyo's Chief People Officer, received equity awards on 2026-04-15 consisting of 189,393 restricted stock units (RSUs) and 162,337 performance stock units (PSUs). The awards were granted at $0.00 (code A — award/grant); no cash changed hands. Total awarded = 351,730 units.
Key Details
- Transaction date: 2026-04-15; Form 4 filed 2026-04-17 (appears timely).
- Price: $0.00 per unit (award).
- Holdings after transaction (per filing): 130,487 shares of Series A Common Stock; 675,716 unvested RSUs; and 162,337 unvested PSUs.
- RSU vesting (summary of footnote F1): 50% of the RSUs vest in eight equal quarterly installments (first installment May 15, 2026); the remaining 50% vest in four equal quarterly installments thereafter, subject to continued service.
- PSU vesting (summary of footnotes F2–F3): PSUs vest in up to three tranches over a two-year measurement period based on achievement of stock-price performance targets and continued service. Price hurdles for tranches 1–3 are $30, $50 and $75 (average closing price for at least 60 consecutive days), with proportionate adjustment for stock splits.
- Transaction type: Award/compensation — not a purchase or sale.
Context
- These awards are compensation-related grants. RSUs convert to shares only as they vest; PSUs only convert if performance targets and service conditions are met. Such grants are common for executive retention and do not by themselves signal immediate buying or selling in the market.
Insider Transaction Report
Form 4
Klaviyo, Inc.KVYO
Galvin Carmel
Chief People Officer
Transactions
- Award
Series A Common Stock
[F1]2026-04-15+189,393→ 806,203 total - Award
Series A Common Stock
[F2][F3][F4]2026-04-15+162,337→ 968,540 total
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") awarded under the Issuer's 2023 Stock Option and Incentive Plan (the "Plan"), each representing the contingent right to receive one share of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), upon vesting and settlement. The RSUs vest as follows: (i) 50% of the RSUs will vest in eight equal quarterly installments, with the first such installment vesting on May 15, 2026, and (ii) thereafter the remaining 50% of the RSUs will vest in four equal quarterly installments, subject to the Reporting Person's continued service on each such vesting date.
- [F2]Represents performance stock units ("PSUs") awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement. The PSUs will vest in up to three tranches over a two-year measurement period, subject to the achievement of specified performance targets tied to the trading price of the Series A Common Stock and the Reporting Person's continued service in the same or substantially equivalent position as the Reporting Person held as of the grant date through the applicable vesting date. Each tranche of PSUs will vest only if the average closing price of the Series A Common Stock for a period of at least sixty consecutive calendar days is at or above a specified dollar value during the applicable measurement period.
- [F3](continued) The stock price targets for tranches 1 through 3 are $30.00, $50.00, and $75.00 per share, respectively, subject to proportionate adjustment in the event of any stock split or other similar change in the Issuer's capital stock.
- [F4]Consists of (i) 130,487 shares of Series A Common Stock; (ii) 675,716 unvested RSUs awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement; and (iii) 162,337 unvested PSUs awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
Signature
/s/ Landon Edmond, Attorney-in-Fact|2026-04-17