Chaves Allen

CTO Chaves Allen sells 130,000 KVYO shares for $4.1M across 2 transactions; post-trade holdings zeroed via derivative conversion

Chaves Allen, Chief Technology Officer of Klaviyo, executed 2 separate sales on 2024-09-16 totaling 130,000 shares for $4,140,174.12 at a blended average price of $31.85. The filing shows a derivative-conversion transaction, meaning Allen's actual equity position resides in Form 4 Table II (derivative securities) which is not yet populated in this database, so the Table I zero balance does not indicate a complete exit from economic interest. At the time of sale, KVYO was trading near the middle of its 52-week range ($21.53–$36.30) and currently sits at $33.66, approximately 5.7% above the blended transaction price. Allen's cross-ticker track record shows 2 prior open-market sells with an average 30-day return of -2.0%, while his 2 prior sales specifically at KVYO on 2024-08-12 generated negative 30-day returns of -2.8% and -1.3% respectively. The company reported a net loss of $4,942,000 on quarterly revenue of $222,213,000 and was unprofitable over its most recent full fiscal year, though annual revenue growth reached +47.7%.

CTO Chaves Allen sells 130,000 shares for $4.1M in 2 transactions; stock up 24% in 30 days

Chaves Allen, Chief Technology Officer of Klaviyo, executed 2 separate sales totaling 130,000 shares for $4,107,065.86 at a blended average price of $31.59 on August 12, 2024. The transaction occurs in a context where the stock has appreciated 24.2% over the prior 30 days and 24.0% over 90 days, yet remains 16.7% below its 52-week high of $36.30. The company is growing revenue rapidly (+47.7% year-over-year) but remained unprofitable in the most recent full fiscal year with net income of $-4,942,000.00. The derivative conversion flag indicates that Table II holdings are not yet populated in the database, meaning this 130,000-share sale does not necessarily represent the insider's total position and should not be characterized as a complete exit.