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Filing Details

Accession Number:: 0001676238-24-000065
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-03 16:48:42
Reporting Period:: 2024-05-01

Accepted Time:: 2024-05-03 16:48:42
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
1888946	Isabelle Winkles	C/O Braze, Inc., 330 West 34Th Street 18Th Floor New York NY 10001	Chief Financial Officer	No	Yes	No	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
Class A Common Stock	Acquisiton	2024-05-01	4,500	$0.00	263,181	No	4	C	Direct
Class A Common Stock	Disposition	2024-05-01	3,800	$40.80	259,381	No	4	S	Direct
Class A Common Stock	Disposition	2024-05-01	700	$41.65	258,681	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option (Right to Buy)	Disposition	2024-05-01	4,500	$0.00	4,500	$4.88
Class A Common Stock	Class B Common Stock	Acquisiton	2024-05-01	4,500	$4.88	4,500	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2024-05-01	4,500	$0.00	4,500	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
113,671	2030-02-03	No	4	M	Direct
4,500		No	4	M	Direct
0		No	4	C	Direct

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, 196,847 shares are represented by restricted stock units.
Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on January 11, 2024.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.40 to $41.39 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.42 to $41.83 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.
One fourth (1/4th) of the shares subject to the option award vested on January 31, 2021, and one thirty-sixth (1/36th) of the remaining shares subject to the option award vested or shall vest on the last day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.