Klaviyo (KVYO) CEO Fernandez Gomez Luciano Sells Shares for Tax Withholding

What Happened
Fernandez Gomez Luciano, CEO of Klaviyo (KVYO), had shares withheld and converted to satisfy tax withholding on vested awards. On 2026-08-15 the issuer withheld 29,133 shares of Series A Common Stock (disposed) at $18.49 each for $538,669 and 7,001 shares of Series B Common Stock were automatically converted into Series A and treated as disposed (derivative conversion) valued at $129,448. The total shares withheld/converted were 36,134, with an aggregate value of approximately $668,117. These actions are tax-withholding events (code F) and conversions of derivative securities (code C), not open‑market purchases.

Key Details

• Transaction date: 2026-08-15; Form 4 filed 2026-08-18 (appears timely).
• Withheld/disposed: 29,133 Series A shares at $18.49 = $538,669 (tax withholding).
• Converted/disposed: 7,001 Series B shares converted to Series A and valued at $129,448 (derivative conversion).
• Total shares affected: 36,134; total value ≈ $668,117.
• Holdings reported after transaction (per footnotes): 287,984 Series A shares, 48,999 Series B shares, plus 820,351 unvested RSUs and 1,193,238 unvested performance stock units.
• Relevant footnotes: Series B automatically converts 1:1 into Series A (F1, F2); shares were withheld by the issuer to satisfy tax withholding on vesting (F3).
• Transaction codes: C = conversion of derivative security; F = tax withholding.

Context
This filing documents routine tax-withholding and automatic conversion of Series B to Series A tied to vesting/settlement of equity awards. Such withholdings are common and do not indicate an open-market sale motivated by sentiment—rather they fulfill tax obligations on awarded/vested equity.