William Magnuson - Nov 16, 2021 Form 3 Insider Report for Braze, Inc. (BRZE)

Role
Chief Executive Officer, Director
Signature
/s/ Susan Wiseman, Attorney-in-Fact
Stock symbol
BRZE
Transactions as of
Nov 16, 2021
Transactions value $
$0
Form type
3
Date filed
11/16/2021, 07:03 PM
Next filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRZE Common Stock 3.29M Nov 16, 2021 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
holding BRZE Stock Option (Right to Buy) Nov 16, 2021 Common Stock 753K $3.46 Direct F1, F2
holding BRZE Stock Option (Right to Buy) Nov 16, 2021 Common Stock 450K $35.01 Direct F1, F3
holding BRZE Stock Option (Right to Buy) Nov 16, 2021 Common Stock 750K $35.01 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Common Stock shall be reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering.
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.
F3 One fourth (1/4th) of the shares subject to the option award shall vest on February 1, 2022, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.
F4 One fourth (1/4th) of the shares subject to the option award shall vest on February 1, 2023, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney