secwatch.observer — SEC 8-K summary
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Issuer:     Klaviyo, Inc. (KVYO)
CIK:        0001835830
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001835830-25-000098
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Partners entities sell 6.5M shares of Klaviyo at $30.01 each in secondary offering
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- Selling stockholders (Summit Partners affiliates) offer 6.5M shares at $30.01; underwriter has 30-day option for 975K additional shares.
- Klaviyo receives no proceeds from the secondary offering.
- Offering expected to close on or about August 21, 2025; Barclays acts as sole underwriter.
- Secondary sale represents a liquidation event for Summit Partners, not a capital raise for the company.
- Shares registered on Form S-3 filed February 19, 2025; pricing announced August 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835830/000183583025000098/0001835830-25-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835830/000183583025000098/kvyo-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001835830-25-000098

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