Weisman Tony 4
Research Summary
AI-generated summary
Klaviyo (KVYO) Director Tony Weisman Receives RSU Award
What Happened
Tony Weisman, a member of Klaviyo's (KVYO) board of directors, was granted 14,822 restricted stock units (RSUs) on June 9, 2026. The RSUs were awarded at $0.00 per unit (an award, not an open-market purchase) and represent the contingent right to one share of Series A Common Stock upon vesting and settlement.
Key Details
- Transaction type/date: Award/acquisition of 14,822 RSUs on 2026-06-09 (reported on Form 4 filed 2026-06-11).
- Price/value: $0.00 per RSU at grant (no cash paid); market value not reported in the Form 4.
- Vesting: RSUs vest in full on the earlier of (i) June 9, 2027 or (ii) the issuer's next annual meeting, subject to continued board service (see footnote F1).
- Holdings after transaction: 89,352 shares of Series A Common Stock and 14,822 unvested RSUs (per footnote F2).
- Ownership note: Some shares are held in a trust for which Weisman is trustee; he disclaims beneficial ownership except to the extent of any pecuniary interest (footnote F3).
- Timeliness: Report covers the 2026-06-09 transaction and was filed on 2026-06-11; no late filing indication on the form.
Context
RSU awards are compensation grants that convert into shares only if/when they vest; they are not immediate purchases or sales and do not necessarily indicate the insider’s short-term trading intent. This grant increases Weisman's potential future stake if he remains on the board through the vesting condition.