Klaviyo director Ed Hallen sells $2.02m of company stock

Ed Hallen, a director and 10% owner of Klaviyo Inc. (NYSE: KVYO), sold approximately $2.02 million worth of company stock on August 31, 2026. The transactions were conducted under a Rule 10b5-1 trading plan, involving the sale of 98,782 shares of Series A Common Stock. The shares were sold at a weighted average price of $20.47 to $20.49 per share, with individual sales ranging from $20.30 to $20.78.

This sale came amid a strong 16% weekly gain for KVYO's stock, currently trading at $20.64. In addition to the stock sales, Hallen gifted 17,885 shares of Series A Common Stock to Hodgkins LLC on the same date, valued at $0, also pursuant to a Rule 10b5-1 trading plan. As of the review, KVYO's stock appeared undervalued, ranking on the platform's Most Undervalued list.

Despite reporting a 26% increase in revenue for Q2 2026, Klaviyo faced margin pressure and a softer outlook for the rest of the year, leading to a lowered price target from TD Cowen.