Pankaj Malik - Nov 16, 2022 Form 4 Insider Report for Braze, Inc. (BRZE)

Signature
/s/ Susan Wiseman, attorney-in-fact for Pankaj Malik
Stock symbol
BRZE
Transactions as of
Nov 16, 2022
Transactions value $
-$53,524
Form type
4
Date filed
11/18/2022, 03:10 PM
Previous filing
Aug 18, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Sale -$53.5K -1.99K -2.54% $26.91 76.4K Nov 16, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.83 to $27.01 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.
F3 Of the reported shares, 61,415 shares are represented by RSUs.