Isabelle Winkles - Apr 4, 2022 Form 4 Insider Report for Braze, Inc. (BRZE)

Signature
/s/ Susan Wiseman
Stock symbol
BRZE
Transactions as of
Apr 4, 2022
Transactions value $
-$6,236,557
Form type
4
Date filed
4/6/2022, 04:15 PM
Previous filing
Apr 1, 2022
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Conversion of derivative security +65K +317.21% 85.5K Apr 4, 2022 Direct F1
transaction BRZE Class A Common Stock Sale -$1.28M -31.4K -36.77% $40.72 54.1K Apr 4, 2022 Direct F2
transaction BRZE Class A Common Stock Sale -$1.4M -33.6K -62.09% $41.65 20.5K Apr 4, 2022 Direct F3
transaction BRZE Class A Common Stock Conversion of derivative security +93K +453.86% 113K Apr 5, 2022 Direct F1
transaction BRZE Class A Common Stock Sale -$2.87M -75.5K -66.52% $38.01 38K Apr 5, 2022 Direct F4
transaction BRZE Class A Common Stock Sale -$494K -12.6K -33.23% $39.10 25.4K Apr 5, 2022 Direct F5
transaction BRZE Class A Common Stock Sale -$195K -4.88K -19.22% $40.03 20.5K Apr 5, 2022 Direct F6

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 -65K -16.71% $0.00 324K Apr 4, 2022 Class B Common Stock 65K $4.88 Direct F1, F7
transaction BRZE Class B Common Stock Options Exercise $0 +65K $0.00 65K Apr 4, 2022 Class A Common Stock 65K Direct F1
transaction BRZE Class B Common Stock Conversion of derivative security $0 -65K -100% $0.00* 0 Apr 4, 2022 Class A Common Stock 65K Direct F1
transaction BRZE Stock Option (Right to Buy) Options Exercise $0 -93K -28.7% $0.00 231K Apr 5, 2022 Class B Common Stock 93K $4.88 Direct F1, F7
transaction BRZE Class B Common Stock Options Exercise $0 +93K $0.00 93K Apr 5, 2022 Class A Common Stock 93K Direct F1
transaction BRZE Class B Common Stock Conversion of derivative security $0 -93K -100% $0.00* 0 Apr 5, 2022 Class A Common Stock 93K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.35 to $41.33 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.39 to $42.32 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.65 to $38.63 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.67 to $39.50 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.69 to $40.49 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 One fourth (1/4th) of the shares subject to the option award vested on January 31, 2021, and one thirty-sixth(1/36th) of the remaining shares subject to the option award vested or shall vest on the last day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.