Klaviyo Inc.
03/02/2026 | Press release | Distributed by Public on 03/02/2026 06:57
Material Event (Form 8-K)
Item 8.01 - Other Events
On March 2, 2026, Klaviyo, Inc. (the "Company") announced that its board of directors authorized a share repurchase program (the "Share Repurchase Program"), pursuant to which the Company may repurchase up to $500 million in the aggregate of the Company's issued and outstanding shares of Series A Common Stock. Repurchases under the Share Repurchase Program may be made from time to time in the open market, through privately negotiated transactions or other means, including pursuant to 10b5-1 plans, or any combination of the foregoing, and in compliance with applicable securities laws and other applicable requirements.
As part of the Share Repurchase Program, the Company plans to imminently enter into an accelerated share repurchase for $100 million of shares of its Series A Common Stock.
The timing and number of shares repurchased under the Share Repurchase Program will depend on a variety of factors, including stock price, general business and market conditions and other considerations. The Share Repurchase Program, which has no expiration date, does not obligate the Company to acquire any particular number of shares, and may be modified, suspended or discontinued at any time.
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