Jonathan Hyman - May 2, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
Chief Technology Officer
Signature
/s/ Susan Wiseman, attorney-in-fact for Jonathan Hyman
Stock symbol
BRZE
Transactions as of
May 2, 2023
Transactions value $
$1,730
Form type
4
Date filed
5/4/2023, 04:03 PM
Previous filing
Mar 7, 2023
Next filing
May 17, 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 -500 -0.36% $0.00 137K May 2, 2023 Class B Common Stock 500 $3.46 Direct F1
transaction BRZE Class B Common Stock Options Exercise $1.73K +500 +0.03% $3.46* 1.77M May 2, 2023 Class A Common Stock 500 Direct F2
holding BRZE Class B Common Stock 28.6K May 2, 2023 Class A Common Stock 28.6K See footnote F2, F3
holding BRZE Class B Common Stock 28.6K May 2, 2023 Class A Common Stock 28.6K See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One forty-eighth (1/48th) of the shares subject to the option award vested 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.
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, of which the reporting person's spouse is the trustee. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his proportionate pecuniary interest therein.