Common Stock and Stockholders’ Equity

9 Months Ended

Sep. 30, 2025

10. Common Stock and Stockholders’ Equity

Common Stock Warrants

On July 28, 2022, the Company granted warrants to purchase up to 15,743,174 shares of Series B common stock in connection with the collaboration agreement and strategic partnership with Shopify as compensation for marketing services.

The following table summarizes the warrants activity during the nine months ended September 30, 2025:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Life (years)
Warrants outstanding at January 1, 2025	3,788,204	$	0.01	7.58
Granted	—	—		—
Exercised	(1,033,147)	0.01		7.23
Cancelled	—	—		—
Warrants outstanding at September 30, 2025	2,755,057	$	0.01	6.83

During the three and nine months ended September 30, 2025, 344,383 and 1,033,147 warrants vested. The Company has no vested but not exercised warrants outstanding as of September 30, 2025. During the three and nine months ended September 30, 2024, 344,384 and 1,033,147 warrants vested, respectively.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Klaviyo, Inc. 10-Q