Morgan Stanley Reduces Klaviyo Stake Below 5% Threshold

Morgan Stanley filed a Schedule 13G/A amendment reporting it has reduced its ownership stake in Klaviyo, Inc. below the 5% threshold. As of February 28, 2026, Morgan Stanley beneficially owns 5,988,235 shares of Klaviyo's Series A Common Stock, representing 4.1% ownership. This represents a significant reduction from previous holdings, as the filing explicitly states Morgan Stanley "has ceased to be the beneficial owner of more than five percent of the class of securities." The filing includes voting and dispositive power details, with shared voting power over 717,515 shares and shared dispositive power over all 5,988,235 shares. Morgan Stanley certifies that the securities were acquired and held in the ordinary course of business without intent to influence control of the issuer.