Filing Details
- Accession Number:
- 0001676238-23-000108
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-08-17 17:13:19
- Reporting Period:
- 2023-08-15
- Accepted Time:
- 2023-08-17 17:13:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1676238 | Braze Inc. | BRZE | Services-Prepackaged Software (7372) | 452505271 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1889751 | Myles Kleeger | C/O Braze, Inc., 330 West 34Th Street 18Th Floor New York NY 10001 | Pres & Cco | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2023-08-15 | 10,000 | $0.00 | 208,126 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2023-08-15 | 10,000 | $42.18 | 198,126 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Stock Option (Right to Buy) | Disposition | 2023-08-15 | 10,000 | $0.00 | 10,000 | $0.26 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2023-08-15 | 10,000 | $0.26 | 10,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-08-15 | 10,000 | $0.00 | 10,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 80,000 | 2024-12-16 | No | 4 | M | Direct | |
| 831,033 | No | 4 | M | Direct | ||
| 821,033 | No | 4 | C | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | $0.00 | 111,111 | 111,111 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 111,111 | 111,111 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 146,883 | 146,883 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 19,784 | 19,784 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 111,111 | 111,111 | Indirect | |
| 111,111 | 111,111 | Indirect | |
| 146,883 | 146,883 | Indirect | |
| 19,784 | 19,784 | Indirect |
Footnotes
- 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.
- Of the reported shares, shares are represented by 184,918 restricted stock units.
- Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 6, 2023.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.69 to $42.47 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- This option award is fully vested.
- The securities are held by a family trust. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares.
- The securities are held by a family GRAT. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares.
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