Business
Klaviyo Announces Pre-Arranged Stock Sale Plan by Andrew Bialecki, CEO and Co-Founder
BOSTON, May 13, 2025--Klaviyo, Inc. (the "Company") (NYSE: KVYO), the only CRM built for consumer brands, today announced that, following the closing of the previously announced underwritten public offering of shares of the Company’s Series A common stock, par value $0.001 per share ("Series A common stock"), by Andrew Bialecki, the Company’s CEO and co-founder, Mr. Bialecki plans to adopt a pre-arranged stock trading plan (the "Plan") in accordance with Rule 10b5-1 ("Rule 10b5-1") of the Securi
About this update from Klaviyo, Inc. Series A
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1567,"height":510,"url":"https://media.zenfs.com/en/business-wire.com/c69a82fa7bb2c02ee6a71a7a10bdf515"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6Q6A9Q7doJXsm67NfF0aYQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMxMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/c69a82fa7bb2c02ee6a71a7a10bdf515","width":960,"height":312},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/rinBujlu8OuWi4DYs81Xpw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03ODI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/c69a82fa7bb2c02ee6a71a7a10bdf515","width":1200,"height":391}},"lazy":false},{"type":"text","content":"BOSTON, May 13, 2025--(BUSINESS WIRE)--Klaviyo, Inc. (the "Company") (NYSE: KVYO), the only CRM built for consumer brands, today announced that, following the closing of the previously announced underwritten public offering of shares of the Company’s Series A common stock, par value $0.001 per share ("Series A common stock"), by Andrew Bialecki, the Company’s CEO and co-founder, Mr. Bialecki plans to adopt a pre-arranged stock trading plan (the "Plan") in accordance with Rule 10b5-1 ("Rule 10b5-1") of the Securities Exchange Act of 1934, as amended, and the policies of the Company regarding stock transactions. Under the Plan, Mr. Bialecki may sell up to 8,000,000 shares of Series A common stock, subject to certain terms and conditions. The Plan will terminate on the earlier of the sale of all shares pursuant to the Plan or May 29, 2026.","length":888,"tagName":"p"},{"type":"text","content":"Rule 10b5-1 allows a company’s officers and directors to adopt pre-arranged stock trading plans that meet certain requirements when they do not have material, non-public information, to provide for the sale of up to a predetermined, fixed number of company shares under certain specified conditions. Because sales under the Plan are subject to certain market pricing parameters and trading limitations, Mr. Bialecki will not have discretion over the exact number of shares that will be sold under the Plan.","length":506,"tagName":"p"},{"type":"text","content":"Mr. Bialecki’s Plan allows for diversification of his personal assets. Mr. Bialecki has not sold any shares of Klaviyo c...