Klaviyo CEO to Sell Up to 8 Million Shares Under Pre-Arranged Stock Trading Plan

Strategic Insights -

Klaviyo, a leading CRM platform for consumer brands, announced that its CEO and co-founder, Andrew Bialecki, will sell up to 8 million shares of the company's Series A common stock under a pre-arranged stock trading plan. The plan, which is subject to certain terms and conditions, will allow Bialecki to diversify his personal assets.

Bialecki has not sold any shares of Klaviyo common stock since the company's initial public offering in September 2023, and the planned transactions represent 8.1% of his current beneficial ownership of 98.8 million shares of the company's Series B common stock. The transactions will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission.

The pre-arranged stock trading plan, which is allowed under Rule 10b5-1 of the Securities Exchange Act of 1934, allows company officers and directors to sell company shares under certain specified conditions without having material, non-public information.

Key Takeaways:

  • Andrew Bialecki, Klaviyo's CEO and co-founder, plans to sell up to 8 million shares of the company's Series A common stock under a pre-arranged stock trading plan.
  • The plan will allow Bialecki to diversify his personal assets.
  • Bialecki has not sold any shares of Klaviyo common stock since the company's initial public offering in September 2023.
  • The planned transactions represent 8.1% of Bialecki's current beneficial ownership of 98.8 million shares of the company's Series B common stock.
  • The transactions will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission.

Statistics:

  • 8 million shares of Klaviyo's Series A common stock will be sold through the pre-arranged stock trading plan.
  • 98.8 million shares of Klaviyo's Series B common stock are owned by Andrew Bialecki.
  • The planned transactions represent 8.1% of Bialecki's current beneficial ownership of Series B common stock.
  • September 22, 2023, is the date of Klaviyo's initial public offering.

Sources:

  • Businesswire.com: https://www.businesswire.com/news/home/20250513954492/en/Klaviyo-CEO-to-Sell-Up-to-8-Million-Shares-Under-Pre-Arranged-Stock-Trading-Plan