Myles Kleeger - Aug 24, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
Pres & CCO
Signature
/s/ Susan Wiseman, Attorney-in-Fact
Stock symbol
BRZE
Transactions as of
Aug 24, 2023
Transactions value $
$34,600
Form type
4
Date filed
8/25/2023, 05:09 PM
Previous filing
Aug 22, 2023
Next filing
Sep 12, 2023

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 Stock Option (Right to Buy) Options Exercise $0 -10K -6.33% $0.00 148K Aug 24, 2023 Class B Common Stock 10K $3.46 Direct F1, F2
transaction BRZE Class B Common Stock Options Exercise $34.6K +10K +1.22% $3.46* 831K Aug 24, 2023 Class A Common Stock 10K Direct F2
holding BRZE Class B Common Stock 111K Aug 24, 2023 Class A Common Stock 111K See footnote F2, F3
holding BRZE Class B Common Stock 111K Aug 24, 2023 Class A Common Stock 111K See footnote F2, F3
holding BRZE Class B Common Stock 147K Aug 24, 2023 Class A Common Stock 147K See footnote F2, F4
holding BRZE Class B Common Stock 19.8K Aug 24, 2023 Class A Common Stock 19.8K See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option award is fully vested.
F2 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.
F3 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.
F4 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.