Fernandez Gomez Luciano 4

What Happened

• Luciano Fernandez Gomez, CEO of Klaviyo (KVYO), had 22,132 shares withheld by the company to cover tax withholding related to the vesting/settlement of restricted stock units. The withholding is reported as a disposition at $14.38 per share for a total value of $318,258. This transaction is a tax-withholding event (code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-18.
• Shares withheld/disposed: 22,132 at $14.38 each; total value reported $318,258.
• Shares owned after transaction (per filing footnote): 214,892 shares of Series A Common Stock beneficially owned.
• Additional holdings disclosed (unvested): 917,321 RSUs and 1,193,238 performance stock units (PSUs) under the company plan (see footnote F2).
• Footnote F1 clarifies these 22,132 shares were withheld by the issuer to satisfy tax withholding obligations tied to RSU vesting.
• Filing timing: Form filed three days after the transaction date; insiders generally must report Form 4 within two business days—check the filing for any late-report designation.

Context

• Tax-withholding dispositions (code F) are routine and occur when an employer withholds shares to cover tax liabilities on vested awards; they do not necessarily signal buying or selling intent.
• This was not an exercise-for-sale or open-market trade; it reduced the number of shares delivered on RSU settlement.