Shopify Amends Klaviyo Stake Filing
Ticker: SHOP · Form: SC 13D/A · Filed: 2024-07-30T00:00:00.000Z
Sentiment: neutral
Topics: sec-filing, 13d-amendment, ownership-change
TL;DR
Shopify filed an update on its Klaviyo holdings, check the details.
AI Summary
Shopify Inc. has amended its Schedule 13D filing regarding Klaviyo, Inc. The amendment, filed on July 30, 2024, indicates a change in beneficial ownership as of February 29, 2024. Shopify Strategic Holdings 3 LLC, an affiliate of Shopify Inc., is the entity involved in this filing.
Why It Matters
This filing update from Shopify concerning its stake in Klaviyo could signal strategic shifts or changes in investment strategy for both companies.
Risk Assessment
Risk Level: medium — Changes in significant shareholder filings can indicate shifts in company strategy or potential future actions that could impact stock price.
Key Players & Entities
- Shopify Inc. (company) — Subject Company
- Klaviyo, Inc. (company) — Issuer
- Shopify Strategic Holdings 3 LLC (company) — Filing Person
FAQ
What is the primary purpose of this SC 13D/A filing?
The primary purpose is to report an amendment to a previous Schedule 13D filing, indicating a change in beneficial ownership or other relevant information concerning Shopify Inc.'s holdings in Klaviyo, Inc.
Who is the filing person making this amendment?
The filing person is Shopify Strategic Holdings 3 LLC, an entity associated with Shopify Inc.
What is the date of the event that requires this filing?
The date of the event which requires filing of this statement is February 29, 2024.
What is the CUSIP number for Klaviyo, Inc. Series A Common Stock?
The CUSIP number for Klaviyo, Inc. Series A Common Stock is 49845K101.
Where is Shopify Inc. headquartered?
Shopify Inc. is headquartered at 151 O'Connor Street, Ground Floor, Ottawa, A6, K2P 2L8.
From the Filing
0001341004-24-000133.txt : 20240730 0001341004-24-000133.hdr.sgml : 20240730 20240730170215 ACCESSION NUMBER: 0001341004-24-000133 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240730 DATE AS OF CHANGE: 20240730 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Klaviyo, Inc. CENTRAL INDEX KEY: 0001835830 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-94164 FILM NUMBER: 241158555 BUSINESS ADDRESS: STREET 1: 125 SUMMER STREET, FLOOR 6 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 800-338-1744 MAIL ADDRESS: STREET 1: 125 SUMMER STREET, FLOOR 6 CITY: BOSTON STATE: MA ZIP: 02110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SHOPIFY INC. CENTRAL INDEX KEY: 0001594805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 BUSINESS PHONE: 613-241-2828 MAIL ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 SC 13D/A 1 sc13d-a1.htm SCHEDULE 13D - AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Klaviyo, Inc. (Name of Issuer) Series A Common Stock (Title of Class of Securities) 49845K101 (CUSIP Number) Shopify Strategic Holdings 3 LLC 251 Little Falls Drive Wilmington, DE, 19808 (613) 241-6868 Ext: 1045 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 29, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d--1(f) or 240.13d-1(g), check the following box. ☐ Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1.             Names of Reporting Persons Shopify Strategic Holdings 3 LLC 2.             Check the Appropriate Box if a Member of a Group (See Instructions) (a)              ☐ (b)              ☐ 3.             SEC Use Only   4.             Source of Funds (See Instructions) OO, WC 5.             Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐ 6.             Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Report