Klaviyo (KVYO): Shopify arm now holds 17.3M Series B shares
Rhea-AI Filing Summary
For Klaviyo, Inc. (KVYO), Shopify Strategic Holdings 3 LLC, a wholly owned subsidiary of Shopify Inc., reported exercising warrants to purchase 344,383 shares of Series B Common Stock at an exercise price of $0.01 per share, disposing of the corresponding warrant position. Following the exercise, this entity holds 1,377,529 warrants to purchase Series B Common Stock and 17,317,491 shares of Series B Common Stock directly. Shopify Inc. is disclosed as an indirect beneficial owner of these securities and disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
688,766 shares exercised/converted
Exercise
2 txns
Insider
Shopify Strategic Holdings 3 LLC, SHOPIFY INC.
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Warrants to Purchase Series B Common Stock (Right to Buy) F1, F2 | 344,383 | $0.00 | $0.00 |
| In-the-Money Exercise | Series B Common Stock F3, F2 | 344,383 | $0.01 | $3K |
Holdings After Transaction:
Warrants to Purchase Series B Common Stock (Right to Buy) — 1,377,529 shares (Direct);
Series B Common Stock — 17,317,491 shares (Direct)
Footnotes (3)
- F1. 25% of the shares subject to the warrants vested on July 28, 2022, and the remaining shares vest quarterly in equal amounts through July 28, 2027. Notwithstanding the foregoing, in connection with the Issuer's initial public offering ("IPO"), 25% of the total number of shares subject to the warrants vested immediately prior to the completion of the IPO.
- F2. Reflects securities held directly by Shopify Strategic Holdings 3 LLC, a wholly-owned subsidiary of Shopify Inc. ("Shopify"). Shopify is an indirect beneficial owner and disclaims beneficial ownership except to the extent of its pecuniary interest therein.
- F3. 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 of the Issuer, and will automatically convert into 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.
Key Figures
Warrants Exercised: 344,383 warrants
Exercise Price: $0.01 per share
Warrants Remaining: 1,377,529 warrants
+3 more
6 metrics
Warrants Exercised
344,383 warrants
Warrants to purchase Series B Common Stock exercised on 2026-08-31
Exercise Price
$0.01 per share
Exercise price for warrants to purchase Series B Common Stock
Warrants Remaining
1,377,529 warrants
Warrants to purchase Series B Common Stock held after transaction
Series B Shares Acquired
344,383 shares
Series B Common Stock acquired through warrant exercise on 2026-08-31
Series B Shares Held After
17,317,491 shares
Direct holdings of Series B Common Stock after the exercise
Warrant Expiration Date
July 28, 2032
Expiration date of the warrants to purchase Series B Common Stock
Key Terms
Warrants to Purchase Series B Common Stock, Series B Common Stock, Series A Common Stock, indirect beneficial owner, +1 more
5 terms
Warrants to Purchase Series B Common Stock financial
"Warrants to Purchase Series B Common Stock (Right to Buy)"
Series B Common Stock financial
"underlying security title: Series B Common Stock"
Series A Common Stock financial
"Each share of Series B Common Stock is convertible into Series A Common Stock"
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.
indirect beneficial owner financial
"Shopify is an indirect beneficial owner and disclaims beneficial ownership"
Exercise of in-the-money or at-the-money derivative security financial
"transaction code description: Exercise of in-the-money or at-the-money"
FAQ
What did Shopify Strategic Holdings 3 LLC report in this Form 4 for KVYO?
It reported exercising warrants to acquire 344,383 shares of Klaviyo Series B Common Stock at $0.01 per share, disposing of an equivalent warrant position and increasing its direct Series B Common Stock holdings.
How many Klaviyo (KVYO) warrants does Shopify Strategic Holdings 3 LLC hold after the transaction?
After the reported exercise, Shopify Strategic Holdings 3 LLC holds 1,377,529 warrants to purchase Klaviyo Series B Common Stock, according to the filing’s post-transaction holdings figure.
What is Shopify Strategic Holdings 3 LLC’s Series B Common Stock position in KVYO after the exercise?
Following the warrant exercise, Shopify Strategic Holdings 3 LLC holds 17,317,491 shares of Klaviyo Series B Common Stock directly, as stated in the post-transaction holdings column.
What was the exercise price of the Klaviyo warrants reported in this KVYO Form 4?
The warrants to purchase Klaviyo Series B Common Stock were exercised at an exercise price of $0.01 per share, as disclosed in the derivative transaction details.
What is Shopify Inc.’s role in relation to the reported KVYO securities?
The securities are held directly by Shopify Strategic Holdings 3 LLC, a wholly owned subsidiary of Shopify Inc. Shopify is described as an indirect beneficial owner and disclaims beneficial ownership except to the extent of its pecuniary interest.
When do the remaining Klaviyo warrants held by Shopify Strategic Holdings 3 LLC expire?
The warrants to purchase Klaviyo Series B Common Stock have an expiration date of July 28, 2032, according to the derivative security details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
