Summit Partners L P's Form 4 filing
Klaviyo, Inc. (KVYO) · filed Aug 20, 2024
- Accession no.
- 0001415889-24-021709
- Filed
- Aug 20, 2024, 5:44 PM ET
- Trade date
- Aug 16, 2024
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $7.71M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Summit Partners L PCIK 0000830588 | 10% Owner |
| Summit Partners Growth Equity Fund IX-A, L.P.CIK 0001634415 | 10% Owner |
| Summit Partners Growth Equity Fund IX-B, L.P.CIK 0001634426 | 10% Owner |
| Summit Investors Ge IX/VC IV, LLCCIK 0001654074 | 10% Owner |
| Summit Partners Co-Invest (Kiwi), LPCIK 0001830877 | 10% Owner |
| Summit Investors Ge IX/VC IV (UK), L.P.CIK 0001846709 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 16, 2024 | Series A Common Stock, par value $0.001 per share | CConversionAcquired | +242,601 | –F1 | – | 242,601 | Indirect | |
| Aug 16, 2024 | Series A Common Stock, par value $0.001 per share | SSaleDisposed | −242,601 | $31.78 | −$7,709,859.78 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 16, 2024 | Series A Common Stock, par value $0.001 per share | CConversionAcquired | +242,601 | $0.00 | $0 | 47,499,028 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
5. The Series B common stock, par value $0.001 per share ("Series B Common Stock"), is convertible into an equal number of shares of Series A common stock, par value $0.001 per share ("Series A Common Stock"), at any time, at the holder's election, and has no expiration date. Each share of Series B Common Stock will automatically convert into Series A Common Stock upon the earlier of (i) the date specified by 66-2/3% of the outstanding shares of Series B Common Stock, voting as a single series; (ii) following the seventh anniversary of the closing of Klaviyo, Inc.'s (the "Company") initial public offering; or (iii) any transfer, whether or not for value, except for certain permitted transfers described in the Company's certificate of incorporation. On August 16, 2024, the reporting persons directed the sale of an aggregate of 242,601 shares of their Series B Common Stock, resulting in the automatic conversion of the shares into Series A Common Stock upon execution of the sale.
Referenced by the price of 1 transaction in Table I.