Klaviyo CPO reports tax-withholding share disposition
Klaviyo, Inc. Chief People Officer Galvin Carmel reported a tax-withholding share disposition related to equity compensation.
Rhea-AI Filing Summary
Klaviyo, Inc. Chief People Officer Galvin Carmel reported a tax-withholding share disposition related to equity compensation. On the transaction date, 23,050 shares of Series A Common Stock were withheld by Klaviyo at $18.60 per share to satisfy tax obligations from vesting restricted stock units. After this withholding, Carmel’s direct interest consists of 130,487 shares of Series A Common Stock and 486,323 unvested RSUs, each RSU representing the right to receive one share of Series A Common Stock upon vesting and settlement, for a total of 616,810 shares and RSUs reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Series A Common Stock | 23,050 | $18.60 | $429K |
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) 130,487 shares of Series A Common Stock and (ii) 486,323 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Galvin Carmel report in the latest Klaviyo (KVYO) Form 4 filing?
Was Galvin Carmel’s Form 4 transaction an open-market sale of Klaviyo (KVYO) stock?
What is Galvin Carmel’s reported Klaviyo (KVYO) equity position after the Form 4 transaction?
What type of security was involved in Galvin Carmel’s Klaviyo (KVYO) Form 4 transaction?
How are Galvin Carmel’s unvested RSUs in Klaviyo (KVYO) described in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.