Summary by Moomoo AI
Shopify Inc. has filed an amendment to its Schedule 13D with the United States Securities and Exchange Commission, reporting changes in its beneficial ownership of Klaviyo, Inc.'s Series A Common Stock. The amendment, dated July 30, 2024, reflects the vesting of Warrants and changes in the total number of Series A Common Stock outstanding since the original filing on December 11, 2023. Shopify Strategic Holdings 3 LLC, a subsidiary of Shopify Inc., now beneficially owns 30,305,609 shares, representing approximately 30.11% of the outstanding Series A Common Stock. This ownership includes direct holdings and an investment option exercisable for additional shares. The filing also details the conversion rights of Series B Common Stock into Series A Common Stock, with the percentage of ownership calculated based on the latest available data on the number of outstanding shares.
