Magnuson William - 03 Nov 2022 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
Chief Executive Officer, Director
Signature
/s/ Susan Wiseman, attorney-in-fact for William Magnuson
Issuer symbol
BRZE
Transactions as of
03 Nov 2022
Net transactions value
+$532,497
Form type
4
Filing time
07 Nov 2022, 15:01:46 UTC
Previous filing
23 Nov 2021
Next filing
07 Mar 2023
SEC
View on sec.gov

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Quoteable Key Fact

"Magnuson William filed Form 4 for Braze, Inc. (BRZE) on 07 Nov 2022."

Quick Takeaways

  • This page summarizes Magnuson William's Form 4 filing for Braze, Inc. (BRZE).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Filing timestamp: 07 Nov 2022, 15:01.

What Changed

  • Previous filing in this sequence was filed on 23 Nov 2021.
  • Current net transaction value: +$532,497.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Conversion of derivative security +171,002 171,002 03 Nov 2022 Direct F1

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 -153,901 -20% $0.000000 599,559 03 Nov 2022 Class B Common Stock 153,901 $3.46 Direct F1, F2
transaction BRZE Class B Common Stock Options Exercise $532,497 +153,901 +4.7% $3.46* 3,448,145 03 Nov 2022 Class A Common Stock 153,901 Direct F1
transaction BRZE Class B Common Stock Conversion of derivative security $0 -171,002 -5% $0.000000 3,277,143 03 Nov 2022 Class A Common Stock 171,002 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The original option award was for 898,460 shares. 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.

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