Filing Details

Accession Number:
0001676238-24-000218
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-12-20 17:53:55
Reporting Period:
2024-12-18
Accepted Time:
2024-12-20 17:53:55
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
1889752 Susan Wiseman C/O Braze, Inc., 63 Madison Building
28 E. 28Th St., Floor 12 Mailroom
New York NY 10016
General Counsel 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 2024-12-18 41,210 $0.00 240,730 No 4 C Direct
Class A Common Stock Disposition 2024-12-18 41,210 $45.09 199,520 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 2024-12-18 18,500 $0.00 18,500 $35.01
Class A Common Stock Class B Common Stock Acquisiton 2024-12-18 18,500 $35.01 18,500 $0.00
Class A Common Stock Class B Common Stock Disposition 2024-12-18 18,500 $0.00 18,500 $0.00
Class B Common Stock Stock Option (Right to Buy) Disposition 2024-12-18 7,510 $0.00 7,510 $35.01
Class A Common Stock Class B Common Stock Acquisiton 2024-12-18 7,510 $35.01 7,510 $0.00
Class A Common Stock Class B Common Stock Disposition 2024-12-18 7,510 $0.00 7,510 $0.00
Class B Common Stock Stock Option (Right to Buy) Disposition 2024-12-18 15,200 $0.00 15,200 $3.46
Class A Common Stock Class B Common Stock Acquisiton 2024-12-18 15,200 $3.46 15,200 $0.00
Class A Common Stock Class B Common Stock Disposition 2024-12-18 15,200 $0.00 15,200 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
43,000 2031-04-19 No 4 M Direct
18,500 No 4 M Direct
0 No 4 C Direct
11,000 2031-04-19 No 4 M Direct
7,510 No 4 M Direct
0 No 4 C Direct
23,735 2029-03-11 No 4 M Direct
15,200 No 4 M Direct
0 No 4 C Direct
Footnotes
  1. 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.
  2. Of the reported shares, 75,766 shares are represented by restricted stock units.
  3. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 11, 2024.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.41 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.
  5. One fourth (1/4th) of the shares subject to the option award shall vest on August 1, 2023, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.
  6. One fourth (1/4th) of the shares subject to the option award shall vest on August 1, 2022, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.
  7. One forty-eighth (1/48th) of the shares subject to the option award vested or shall vest on a monthly basis on the first day of each month commencing on March 1, 2019, subject to the Reporting Person's continuous service through such vesting date.