William Magnuson - May 15, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
Chief Executive Officer, Director
Signature
/s/ Nathan Jeffries, Attorney-in-Fact
Stock symbol
BRZE
Transactions as of
May 15, 2023
Transactions value $
-$335,075
Form type
4
Date filed
5/17/2023, 05:20 PM
Previous filing
Mar 7, 2023
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Sale -$335K -11.3K -2.26% $29.65 488K May 15, 2023 Direct F1, F2
transaction BRZE Class A Common Stock Conversion of derivative security +2.28K +0.47% 490K May 15, 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRZE Class B Common Stock Conversion of derivative security $0 -2.28K -0.07% $0.00 3.27M May 15, 2023 Class A Common Stock 2.28K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected in accordance with a non-discretionary sell-to-cover program implemented by the Issuer to satisfy tax withholding or other payment obligations arising in connection with the vesting of the Reporting Person's restricted stock units ("RSUs").
F2 Of the reported shares, 307,577 shares are represented by RSUs.
F3 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.