secwatch.observer — SEC 8-K summary
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Issuer:     Klaviyo, Inc. (KVYO)
CIK:        0001835830
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001628280-25-026256
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Andrew Bialecki prices secondary offering of 10.97M shares at $34, plans additional 8M share sale via 10b5-1 plan
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- CEO Bialecki sold 10,969,078 shares at $34 per share in secondary offering; no proceeds to Klaviyo.
- Offering proceeds used to satisfy tax obligations from exercise of 21.4M shares of Series B options expiring in 2025.
- After offering, Bialecki will adopt 10b5-1 plan to sell up to 8M shares (8.1% of beneficial ownership) through May 2026.
- Goldman Sachs and Morgan Stanley acted as joint lead bookrunners for the offering.
- Bialecki has not sold any shares since IPO in Sept 2023; annual salary remains $75,000 with no bonus or equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835830/000162828025026256/0001628280-25-026256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835830/000162828025026256/kvyo-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-026256

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer