{
  "id": 4992688,
  "title": "Klaviyo chief legal officer sells $1.24 million in company stock",
  "url": "https://urgent.news/2026/09/02/klaviyo-chief-legal-officer-sells-1-24-million-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T02:00:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/klaviyo-chief-legal-officer-sells-124-million-in-company-stock-93CH-4885258"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Klaviyo director Ed Hallen sells $2.02m of company stock",
        "url": "https://urgent.news/2026/09/02/klaviyo-director-ed-hallen-sells-2-02m-of-company-stock",
        "published": "2026-09-02T02:01:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}