Klaviyo, Inc.’s board of directors authorized a share repurchase program allowing the company to buy back up to $500 million of its outstanding Series A common stock through open-market purchases, privately negotiated transactions, other methods (including under Rule 10b5-1 plans), or any combination. The company also plans to imminently enter into a $100 million accelerated share repurchase as part of the program. The authorization has no expiration date and may be modified, suspended, or discontinued at any time, with the timing and amount of repurchases depending on factors such as stock price and market conditions.

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