Klaviyo (KVYO) CLO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
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
22,500 shares exercised/converted
Mixed
5 txns
Insider
Edmond Landon
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Common Stock | 11,052 | $0.00 | -- |
| Conversion | Series A Common Stock | 11,052 | $0.00 | -- |
| Conversion | Series B Common Stock | 11,448 | $0.00 | -- |
| Conversion | Series A Common Stock | 11,448 | $0.00 | -- |
| Tax Withholding | Series A Common Stock | 24,561 | $18.60 | $457K |
Holdings After Transaction:
Series B Common Stock — 0 shares (Direct);
Series A Common Stock — 341,821 shares (Direct)
Footnotes (1)
- 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"). 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. 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. 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
What did Klaviyo (KVYO) executive Edmond Landon report on this Form 4?
Edmond Landon reported RSU-related share movements, including conversions of Series B Common Stock into Series A shares and shares withheld for taxes. These transactions reflect equity compensation vesting, not open-market buying or selling of Klaviyo stock by the Chief Legal Officer.
What are the RSUs mentioned in the Klaviyo (KVYO) Form 4 filing?
The RSUs are awards under Klaviyo’s 2023 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Series A Common Stock upon vesting and settlement, forming part of the Chief Legal Officer’s equity-based compensation package.
Does this Klaviyo (KVYO) Form 4 show open-market buying or selling by the CLO?
The filing shows derivative conversions and tax-withholding dispositions, not open-market trades. Shares of Series B converted into Series A in connection with RSU vesting, and certain Series A shares were withheld by Klaviyo to cover related tax obligations, instead of being sold on the market.