Klaviyo chief legal officer sells $1.24 million in company stock

Chief Legal Officer at Klaviyo, Landon Edmond, sold approximately $1.24 million worth of company stock in late August 2026. The stock had a 16% return over the previous week, but shares were still down 36% year-to-date at $20.64. Klaviyo's stock appeared to be undervalued at $24.67 based on InvestingPro analysis. On August 28, Edmond sold 53,473 shares at an average price of $20.01 per share, totaling $1,069,994.

This sale was under a Rule 10b5-1 trading plan adopted on August 21, 2025. A second sale occurred on August 31, 2026, where Edmond sold 8,103 more shares at an average price of $20.44 per share, bringing his total proceeds to $165,625. Following these transactions, Edmond owned 477,866 shares of Klaviyo's Series A Common Stock, including 50,886 directly held shares and 197,110 unvested restricted and performance stock units.

Klaviyo's market capitalization stood at $5.88 billion, with a 29% revenue growth over the past year. Despite strong Q2 2026 revenue of $370.6 million, 26% above the previous year and meeting Wall Street estimates, the stock fell in after-hours trading due to margin pressures and a cautious outlook for the year. TD Cowen lowered its price target from $27 to $26, but maintained a Buy rating, citing a slightly lower revenue growth than the previous quarter.