InterWest Management Partners X, LLC - 16 Nov 2021 Form 3 Insider Report for Braze, Inc. (BRZE)

Role: 10%+ Owner
Signature: /s/ Karen A. Wilson, as Attorney-in-Fact for InterWest Management Partners X, LLC
Issuer symbol: BRZE
Transactions as of: 16 Nov 2021
Net transactions value: $0
Form type: 3
Filing time: 16 Nov 2021, 19:18:02 UTC
Next filing: 23 Nov 2021
SEC: View on sec.gov

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	Series B Preferred Stock							16 Nov 2021	Common Stock	2,824,395		By InterWest Partners X, L.P.	F1, F2, F3
holding	BRZE	Series C Preferred Stock							16 Nov 2021	Common Stock	1,603,848		By InterWest Partners X, L.P.	F1, F2, F3
holding	BRZE	Series D Preferred Stock							16 Nov 2021	Common Stock	95,976		By InterWest Partners X, L.P.	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock will automatically convert into shares of Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering and have no expiration date.
F2	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.
F3	The reported securities are owned directly by InterWest Partners X, L.P. ("IW X"). The general partner of IW X is InterWest Management Partners X, LLC ("IMP X") and may be deemed to beneficially own the shares held by IW X. Gilbert H. Kliman is the managing director of IMP X and Keval Desai and Khaled A. Nasr are venture members of IMP X. The managing director and venture members of IMP X share voting and investment control with respect to the securities held by IW X. Each of IMP X, Mr. Kliman, Mr. Desai and Mr. Nasr disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.