Klaviyo Co-CEO reports tax withholding of shares
Klaviyo director and Co‑Chief Executive Officer Luciano Fernandez Gomez reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Klaviyo director and Co‑Chief Executive Officer Luciano Fernandez Gomez reported a tax-related share disposition. On the vesting of restricted stock units, 1,746 shares of Series A Common Stock were withheld by Klaviyo at $14.78 per share to satisfy tax obligations.
After this withholding, Fernandez Gomez directly holds 2,323,705 shares, including unvested RSUs and performance stock units that each may convert into one share upon future vesting and settlement.
Insider Trade Summary
Exercise Price or Tax Liability: 1,746 shares
Exercise Price or Tax Liability
1 txn
Insider
Fernandez Gomez Luciano
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Series A Common Stock | 1,746 | $14.78 | $26K |
Holdings After Transaction:
Series A Common Stock — 2,323,705 shares (Direct)
Footnotes (2)
- F1. Represents shares of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs").
- F2. Consists of (i) 218,966 shares of Series A Common Stock; (ii) 911,501 unvested RSUs awarded under the Issuer's 2023 Stock Option and Incentive Plan (the "Plan"), each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement; and (iii) 1,193,238 unvested performance stock units awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.
Key Figures
Shares withheld for taxes: 1,746 shares
Withholding price: $14.78 per share
Post-transaction holdings: 2,323,705 shares/units
+3 more
6 metrics
Shares withheld for taxes
1,746 shares
Withheld upon RSU vesting at $14.78 per share
Withholding price
$14.78 per share
Price used for 1,746 withheld shares
Post-transaction holdings
2,323,705 shares/units
Total share-related interests following transaction
Direct common shares
218,966 shares
Series A Common Stock held directly
Unvested RSUs
911,501 units
Each RSU represents one potential share upon vesting
Unvested performance stock units
1,193,238 units
Each performance unit may convert into one share upon vesting
Key Terms
restricted stock units, performance stock units, tax withholding obligations, Series A Common Stock, +1 more
5 terms
restricted stock units financial
"withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"1,193,238 unvested performance stock units awarded under the Plan"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting"
Series A Common Stock financial
"shares of the Issuer's Series A Common Stock, par value $0.001 per share"
Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.
2023 Stock Option and Incentive Plan financial
"awarded under the Issuer's 2023 Stock Option and Incentive Plan (the "Plan")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Klaviyo (KVYO) report for Luciano Fernandez Gomez?
Klaviyo reported that Co‑Chief Executive Officer and director Luciano Fernandez Gomez had 1,746 shares of Series A Common Stock withheld. The shares were retained by the company to cover tax obligations from vesting restricted stock units, rather than being sold on the open market.
Was the Klaviyo (KVYO) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 1,746 shares of Series A Common Stock were withheld by Klaviyo to satisfy tax withholding obligations related to vesting RSUs, a mechanical process instead of a discretionary stock sale.
What equity awards are reported for Luciano Fernandez Gomez at Klaviyo (KVYO)?
The filing lists 911,501 unvested restricted stock units and 1,193,238 unvested performance stock units under Klaviyo’s 2023 Stock Option and Incentive Plan. Each unit represents a contingent right to receive one share of Series A Common Stock when vesting and settlement conditions are met.
What does transaction code F mean in the Klaviyo (KVYO) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, 1,746 Klaviyo Series A Common Stock shares were withheld by the issuer specifically to cover tax withholding obligations tied to the vesting of restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
