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Filing Details

Accession Number:: 0001209191-21-066518
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-23 17:00:54
Reporting Period:: 2021-11-19

Accepted Time:: 2021-11-23 17:00:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1676238	Braze Inc.	BRZE	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1276600	Khaled Nasr	C/O Interwest Partners 467 First Street, Suite 201 Los Altos CA 94022	No	No	Yes	No
1293171	H Gilbert Kliman	C/O Interwest Partners 467 First Street, Suite 201 Los Altos CA 94022	No	No	Yes	No
1443898	Interwest Partners X Lp	467 First Street, Suite 201 Los Altos CA 94022	No	No	Yes	No
1460207	Interwest Management Partners X, Llc	467 First Street, Suite 201 Los Altos CA 94022	No	No	Yes	No
1553019	Keval Desai	C/O Interwest Partners 467 First Street, Suite 201 Los Altos CA 94022	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-11-19	4,524,219	$0.00	4,524,219	No	4	C	Indirect	By InterWest Partners X, L.P.
Common Stock	Disposition	2021-11-19	4,524,219	$0.00	0	No	4	J	Indirect	By InterWest Partners X, L.P.
Class A Common Stock	Acquisiton	2021-11-19	1,130,000	$0.00	1,130,000	No	4	C	Indirect	By InterWest Partners X, L.P.
Class A Common Stock	Disposition	2021-11-19	1,130,000	$61.42	0	No	4	S	Indirect	By InterWest Partners X, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By InterWest Partners X, L.P.
No	4	J	Indirect	By InterWest Partners X, L.P.
No	4	C	Indirect	By InterWest Partners X, L.P.
No	4	S	Indirect	By InterWest Partners X, L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series B Preferred Stock	Disposition	2021-11-19	2,824,395	$0.00	2,824,395	$0.00
Common Stock	Series C Preferred Stock	Disposition	2021-11-19	1,603,848	$0.00	1,603,848	$0.00
Common Stock	Series D Preferred Stock	Disposition	2021-11-19	95,976	$0.00	95,976	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-11-19	4,524,219	$0.00	4,524,219	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-11-19	1,130,000	$0.00	1,130,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	C	Indirect
0	No	4	C	Indirect
0	No	4	C	Indirect
4,524,219	No	4	J	Indirect
3,394,219	No	4	C	Indirect

Footnotes

Each share of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock automatically converted into shares of Common Stock on a 1:1 basis prior to being reclassified into shares of Series B Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering.
The reported securities are owned directly by InterWest Partners X, L.P. ("IW X"). The general partner of IW X is InterWest Management Partners X, LLC ("IMP X") and may be deemed to beneficially own the shares held by IW X. Gilbert H. Kliman is the managing director of IMP X and Keval Desai and Khaled A. Nasr are venture members of IMP X. The managing director and venture members of IMP X share voting and investment control with respect to the securities held by IW X. Each of IMP X, Mr. Kliman, Mr. Desai and Mr. Nasr disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
Each share of Class B Common Stock is convertible into one share of Class A Common Stock (A) at any time at the option of the Reporting Person or (B) automatically upon the occurrence of the following: (1) the transfer of such share of Class B Common Stock, except for certain transfers whereby the Reporting Person continues to hold sole voting and dispositive power with respect to each such share, (2) the death of a Class B common stockholder who is a natural person, (3) the last trading day of the fiscal quarter immediately following the fifth anniversary of the Issuer's initial public offering, (4) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B common stock and (5) the last trading day of the fiscal quarter during which the then outstanding shares of Class B Common Stock first represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock.