Klaviyo (KVYO) Chief Legal Officer Edmond Landon Sells Shares

What Happened
Edmond Landon, Klaviyo's Chief Legal Officer, sold a total of 61,576 shares in two open-market transactions: 53,473 shares on 2026-08-28 at a weighted average price of $20.01 (proceeds $1,069,995) and 8,103 shares on 2026-08-31 at a weighted average price of $20.44 (proceeds $165,625). Total proceeds from the two dispositions were approximately $1,235,620. These were sales (not purchases), which are often routine cashing-out transactions.

Key Details

• Transaction dates and per-share info:
  • 2026-08-28: 53,473 shares sold at $20.01 (weighted average); proceeds $1,069,995. (Footnote F2: actual prices ranged $20.00–$20.15.)
  • 2026-08-31: 8,103 shares sold at $20.44 (weighted average); proceeds $165,625. (Footnote F4: actual prices ranged $19.95–$20.77.)
• Both sales were executed under Rule 10b5-1 trading plans (F1: plan adopted Aug 21, 2025 for the Aug 28 trades; F3: plan adopted June 1, 2026 for the Aug 31 trades).
• Shares owned after the reported transactions (per filing footnote F5): 50,886 vested Series A common shares plus 297,110 unvested restricted stock units and 129,870 unvested performance stock units (these unvested awards represent contingent future shares).
• Filing information: Form 4 filed with accession 0001470831-26-000868 (filed 2026-09-01). The filing does not indicate an exception or late filing flag in the provided data.

Context
Sales executed under 10b5-1 plans are pre-arranged and generally viewed as routine liquidity events rather than directional statements about the company. For retail investors, purchases by insiders can be more informative about confidence; sales are common for officers with large equity compensation. This report documents the mechanics and proceeds of the sales but does not disclose motivation.