Klaviyo (KVYO): Shopify maps out joint stake across shares and warrants
Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Klaviyo, Inc. (KVYO) received an updated Schedule 13D/A from Shopify Strategic Holdings 3 LLC and Shopify Inc. reporting their current beneficial ownership in Klaviyo’s Series A common stock. The reporting persons now beneficially own 33,405,047 shares of Series A common stock on an as-converted basis, representing 20.83% of the outstanding Series A class.
This position consists of 17,317,491 shares of Series B common stock held directly by Shopify Strategic Holdings 3, 344,382 warrants that will vest and become exercisable for an equal number of Series B shares on October 28, 2026, and an Investment Option exercisable for 15,743,174 additional Series B shares. Each Series B share is convertible into one Series A share at the holder’s option. The updated ownership reflects warrant vesting during 2026 and changes in Klaviyo’s total Series A shares outstanding.
Positive
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Negative
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