Chaves Allen 4
4 · Klaviyo, Inc. · Filed May 17, 2024
Insider Transaction Report
Form 4
Klaviyo, Inc.KVYO
Chaves Allen
Chief Technology Officer
Transactions
- Conversion
Series A Common Stock
2024-05-15+12,004→ 12,004 total - Tax Payment
Series A Common Stock
2024-05-15$24.80/sh−12,004$297,699→ 0 total - Conversion
Series B Common Stock
2024-05-15−12,004→ 206,742 total→ Series A Common Stock (12,004 underlying)
Footnotes (3)
- [F1]Represents 12,004 shares of the Issuer's Series B Common Stock, par value $0.001 per share ("Series B Common Stock"), automatically converted into shares of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), which were subsequently withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs").
- [F2]Each share of Series B Common Stock is convertible at any time at the option of the holder into one share of Series A Common Stock, and will automatically convert into Series A Common Stock upon the occurrence of certain events as set forth in the Issuer's certificate of incorporation. The Series B Common Stock has no expiration date.
- [F3]Consists of (i) 98,679 shares of Series B Common Stock and (ii) 108,063 unvested RSUs awarded under the Issuer's 2015 Stock Incentive Plan, each representing the contingent right to receive one share of Series B Common Stock upon vesting and settlement.