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

Role
Chief Technology Officer
Signature
/s/ Susan Wiseman, Attorney-in-Fact
Issuer symbol
BRZE
Transactions as of
16 Nov 2021
Net transactions value
$0
Form type
3
Filing time
16 Nov 2021, 19:05:50 UTC
Next filing
23 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRZE Common Stock 1,747,330 16 Nov 2021 Direct F1
holding BRZE Common Stock 28,564 16 Nov 2021 See footnote F1, F2
holding BRZE Common Stock 28,564 16 Nov 2021 See footnote F1, F2

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) 16 Nov 2021 Common Stock 88,449 $1.64 Direct F1, F3
holding BRZE Stock Option (Right to Buy) 16 Nov 2021 Common Stock 166,813 $3.46 Direct F1, F4
holding BRZE Stock Option (Right to Buy) 16 Nov 2021 Common Stock 150,000 $35.01 Direct F1, F5
holding BRZE Stock Option (Right to Buy) 16 Nov 2021 Common Stock 180,000 $35.01 Direct F1, F6
* 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 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.
F3 The original option award was for 231,449 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 February 1, 2018, subject to the Reporting Person's continuous service through such vesting date.
F4 The original option award was for 224,615 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.
F5 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.
F6 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