Klaviyo (KVYO) Co-CEO Bialecki converts 200,000 shares and sells 200,000 in plan trades
Rhea-AI Filing Summary
Klaviyo, Inc. director and Co-CEO Andrew Bialecki reported derivative conversions and share sales. On March 3, 2026, he converted 200,000 shares of Series B Common Stock into 200,000 shares of Series A Common Stock at a stated price of $0.0000 per share.
On the same date, he sold a total of 200,000 Series A Common shares in open-market transactions, including 154,022 shares at a weighted average price of $18.86 (with individual trades between $18.22 and $19.21) and 45,978 shares at a weighted average price of $17.90 (with trades between $17.52 and $18.21), pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2025.
After these transactions, he directly held 68,550,945 Series B shares and no Series A shares. Additional Series B shares are reported as held indirectly by the Andrew P. Bialecki Grantor Retained Annuity Trust I of 2023 (7,517,410 shares), the Elizabeth L. Bialecki Irrevocable GST Trust of 2023 (517,006 shares), the Andrew P. Bialecki Irrevocable GST Trust of 2023 (517,006 shares), and his spouse (43,218 shares), with the filing stating that he disclaims Section 16 beneficial ownership of the trust-held shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Common Stock | 200,000 | $0.00 | -- |
| Conversion | Series A Common Stock | 200,000 | $0.00 | -- |
| Sale | Series A Common Stock | 154,022 | $18.86 | $2.90M |
| Sale | Series A Common Stock | 45,978 | $17.90 | $823K |
| holding | Series B Common Stock | -- | -- | -- |
| holding | Series B Common Stock | -- | -- | -- |
| holding | Series B Common Stock | -- | -- | -- |
| holding | Series B Common Stock | -- | -- | -- |
Footnotes (1)
- These transactions were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025. Each share of the Issuer's Series B Common Stock, par value $0.001 per share ("Series B Common Stock"), is convertible at any time at the option of the holder into one share of the Issuer's Series A Common Stock, par value $0.001 per share ("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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $18.22 to $19.21 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.52 to $18.21 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares held by the Andrew P. Bialecki Grantor Retained Annuity Trust I of 2023, of which the Reporting Person serves as trustee. The Reporting Person disclaims Section 16 beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that he has beneficial ownership of such shares for Section 16 or any other purpose. Shares held by the Elizabeth L. Bialecki Irrevocable GST Trust of 2023, of which the Reporting Person serves as a trustee. The Reporting Person disclaims Section 16 beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that he has beneficial ownership of such shares for Section 16 or any other purpose. Shares held by the Andrew P. Bialecki Irrevocable GST Trust of 2023, of which the Reporting Person's spouse serves as a trustee. The Reporting Person disclaims Section 16 beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that he has beneficial ownership of such shares for Section 16 or any other purpose.
