Klaviyo CLO converts RSUs, shares withheld for taxes
Klaviyo, Inc.'s Chief Legal Officer Edmond Landon reported RSU-related share activity in Series A and Series B Common Stock.
Rhea-AI Filing Summary
Klaviyo, Inc.'s Chief Legal Officer Edmond Landon reported RSU-related share activity in Series A and Series B Common Stock. On February 15 and 17, 2026, he converted a total of 22,500 shares of Series B Common Stock into an equal number of Series A shares in connection with RSU vesting.
In a separate transaction on February 15, 2026, 24,561 Series A shares were withheld at $18.60 per share to cover tax obligations tied to these RSUs, rather than being sold on the open market. Following these transactions, his holdings consist of 113,414 Series A shares and 228,407 unvested RSUs, each RSU representing a right to receive one Series A share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Common Stock | 11,052 | $0.00 | $0.00 |
| Conversion | Series A Common Stock | 11,052 | $0.00 | $0.00 |
| Conversion | Series B Common Stock | 11,448 | $0.00 | $0.00 |
| Conversion | Series A Common Stock | 11,448 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Series A Common Stock | 24,561 | $18.60 | $457K |
Footnotes (4)
- F1. Represents 11,448 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"), in connection with tax withholding obligations related to 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 one share of 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. Represents shares of Series A Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
- F4. Consists of (i) 113,414 shares of Series A Common Stock and (ii) 228,407 unvested RSUs awarded under the Issuer's 2023 Stock Option and Incentive Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
FAQ
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What did Klaviyo (KVYO) executive Edmond Landon report on this Form 4?
What are the RSUs mentioned in the Klaviyo (KVYO) Form 4 filing?
Does this Klaviyo (KVYO) Form 4 show open-market buying or selling by the CLO?
AI-generated analysis. How Rhea-AI works. Not financial advice.