Klaviyo (KVYO) CPO Galvin Carmel Withholds 30,541 Shares

What Happened
Galvin Carmel, Klaviyo’s Chief People Officer, had 30,541 shares of Series A common stock withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of RSUs. The withholding was recorded on 2026-08-15 at $18.49 per share, for a total value of $564,703. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and terms: 2026-08-15 — 30,541 shares withheld at $18.49/share, total $564,703.
• Shares owned following the transaction: 195,731 shares of Series A common stock beneficially owned (plus unvested awards detailed below).
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding on vested RSUs. F2 — Carmel’s holdings include (i) 195,731 Series A shares; (ii) 549,390 unvested RSUs (each convertible to one share on vesting); and (iii) 162,337 unvested performance stock units (PSUs).
• Filing: Report filed with accession 0001470831-26-000841 covering the 2026-08-15 transaction (no late-filing flag noted in the report).

Context
Tax withholding on RSU vesting is routine and typically executed as a cashless disposition by the company (shares withheld rather than an open-market sale). The unvested RSUs and PSUs noted are contingent awards and do not represent current transferable shares until they vest. This transaction reflects payroll tax settlement, not a directional insider purchase or voluntary sale.