InterWest Management Partners X, LLC - Nov 16, 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
Stock symbol
BRZE
Transactions as of
Nov 16, 2021
Transactions value $
$0
Form type
3
Date filed
11/16/2021, 07:18 PM
Next filing
Nov 23, 2021

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 Nov 16, 2021 Common Stock 2.82M By InterWest Partners X, L.P. F1, F2, F3
holding BRZE Series C Preferred Stock Nov 16, 2021 Common Stock 1.6M By InterWest Partners X, L.P. F1, F2, F3
holding BRZE Series D Preferred Stock Nov 16, 2021 Common Stock 96K 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.