Jonathan Hyman - Sep 29, 2022 Form 4 Insider Report for Braze, Inc. (BRZE)

Role: Chief Technology Officer
Signature: /s/ Nathan Jeffries, Attorney-in-Fact
Stock symbol: BRZE
Transactions as of: Sep 29, 2022
Transactions value $: -$171,700
Form type: 4
Date filed: 10/3/2022, 04:23 PM
Previous filing: Aug 29, 2022
Next filing: Oct 13, 2022

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		+5K			5K	Sep 29, 2022	Direct	F1
transaction	BRZE	Class A Common Stock	Sale	-$172K	-5K	-100%	$34.34	0	Sep 29, 2022	Direct	F2, F3

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	Class B Common Stock	Conversion of derivative security	$0	+5K	+0.29%	$0.00	1.76M	Sep 29, 2022	Class A Common Stock	5K		Direct	F1
holding	BRZE	Class B Common Stock						28.6K	Sep 29, 2022	Class A Common Stock	28.6K		See footnote	F1, F4
holding	BRZE	Class B Common Stock						28.6K	Sep 29, 2022	Class A Common Stock	28.6K		See footnote	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 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	Shares were sold pursuant to a Rule 10b5-1 trading plan.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.76 to $34.74 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 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.