Edmond Landon 4

What Happened Edmond Landon, Klaviyo’s Chief Legal Officer, received two equity awards on April 15, 2026: 151,515 restricted stock units (RSUs) and 129,870 performance stock units (PSUs). Both awards were granted at $0.00 (they are awards, not purchases). The RSUs vest over a multi-quarter schedule (service-based); the PSUs vest only if specified stock-price performance targets are met.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely within the usual two-business-day window).
• Award details: 151,515 RSUs (F1) and 129,870 PSUs (F2) granted; grant price reported $0.00.
• Shares owned after grant (per filing F4): 83,955 vested Series A common shares; 379,922 unvested RSUs; and 129,870 unvested PSUs.
• Vesting notes: RSUs vest in scheduled quarterly installments starting May 15, 2026 (see F1). PSUs vest in up to three tranches over a two-year measurement tied to stock-price hurdles (see F2/F3).
• Performance targets for PSUs: average closing-price hurdles of $30.00, $50.00 and $75.00 for tranches 1–3 (subject to adjustment for stock splits) (F3).

Context RSUs are service-based awards that convert to shares as they vest; PSUs are contingent on both continued service and meeting stock-price performance thresholds, so they may never convert to shares if targets aren’t met. These awards are compensation grants (not open-market buys or sales) and represent potential future dilution rather than an immediate cash investment or sale.