Klaviyo (KVYO) Slashes 7.8% as CEO Sells $7.5-Million Stake

Group 1 - Klaviyo Inc. (NYSE:KVYO) experienced a significant drop in share price, falling by 7.83% to $32.50 after CEO Andrew Bialecki sold $7.49 million worth of shares [1][2] - The share sale involved 211,358 shares sold at prices ranging from $35.01 to $35.52 each, executed under a pre-arranged trading plan [2] - Post-sale, Bialecki retained only 29,805 direct shares but still holds over 8.59 million indirect shares in the company [2] Group 2 - Klaviyo introduced two new AI-powered tools: Marketing Agent, which automates campaign planning and execution, and Customer Agent, designed to assist customers 24/7 [3]