Battery Partners XI, LLC - Apr 10, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
10%+ Owner
Signature
/s/ Christopher Schiavo, as Attorney-in-Fact for Battery Partners XI, LLC
Stock symbol
BRZE
Transactions as of
Apr 10, 2023
Transactions value $
-$1,430,712
Form type
4
Date filed
4/12/2023, 05:31 PM
Previous filing
Mar 23, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Other $0 -36.7K -52.84% $0.00 32.7K Apr 10, 2023 By Battery Investment Partners XI, LLC F1, F2
transaction BRZE Class A Common Stock Other $0 -791K -52.84% $0.00 706K Apr 10, 2023 By Battery Ventures XI-A, L.P. F3, F4
transaction BRZE Class A Common Stock Other $0 -209K -52.84% $0.00 187K Apr 10, 2023 By Battery Ventures XI-B, L.P. F5, F6
transaction BRZE Class A Common Stock Other $0 -822K -52.84% $0.00 733K Apr 10, 2023 By Battery Ventures XI-A Side Fund, L.P. F7, F8
transaction BRZE Class A Common Stock Other $0 -178K -52.84% $0.00 159K Apr 10, 2023 By Battery Ventures XI-B Side Fund, L.P. F9, F10
transaction BRZE Class A Common Stock Other $0 +191K $0.00 191K Apr 10, 2023 By Battery Partners XI, LLC F11, F12
transaction BRZE Class A Common Stock Other $0 -191K -100% $0.00* 0 Apr 10, 2023 By Battery Partners XI, LLC F12, F13
transaction BRZE Class A Common Stock Other $0 +191K $0.00 191K Apr 10, 2023 By Battery Partners XI Side Fund, LLC F14, F15
transaction BRZE Class A Common Stock Other $0 -191K -100% $0.00* 0 Apr 10, 2023 By Battery Partners XI Side Fund, LLC F15, F16
transaction BRZE Class A Common Stock Sale -$1.43M -43K -100% $33.26 0 Apr 11, 2023 By Trust F17, F18, F19
holding BRZE Class A Common Stock 29.3K Apr 10, 2023 By Battery Investment Partners Select Fund I, L.P. F20
holding BRZE Class A Common Stock 1.4M Apr 10, 2023 By Battery Ventures Select Fund I, L.P. F21
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Battery Investment Partners XI, LLC ("BIP XI") to its members without additional consideration.
F2 Securities are held by BIP XI. Battery Partners XI, LLC ("BP XI") is the managing member of BIP XI and may be deemed to beneficially own the securities held by BIP XI. Chelsea Stoner is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F3 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Battery Ventures XI-A, L.P. ("BV XI-A") to its general partner and limited partners without additional consideration.
F4 Securities are held by BV XI-A. BP XI is the general partner of BV XI-A and may be deemed to beneficially own the securities held by BV XI-A. Chelsea Stoner is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F5 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Battery Ventures XI-B, L.P. ("BV XI-B") to its general partner and limited partners without additional consideration.
F6 Securities are held by BV XI-B. BP XI is the general partner of BV XI-B and may be deemed to beneficially own the securities held by BV XI-B. Chelsea Stoner is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F7 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF") to its general partner and limited partners without additional consideration.
F8 Securities are held by BV XI-A SF. Battery Partners XI Side Fund, LLC ("BP XI SF") is the general partner of BV XI-A SF and may be deemed to beneficially own the securities held by BV XI-A SF. Chelsea Stoner is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F9 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Battery Ventures XI-B Side Fund, L.P. ("BV XI-B SF") to its general partner and limited partners without additional consideration.
F10 Securities are held by BV XI-B SF. BP XI SF is the general partner of BV XI-B SF and may be deemed to beneficially own the securities held by BV XI-B SF. Chelsea Stoner is a managing member of BP XI SF and may be deemed to share voting and dispositive power over the securities held by BV XI-B SF. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F11 Represents receipt of securities in the distributions in kind described in footnotes (3) and (5).
F12 Securities are held by BP XI. Chelsea Stoner is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F13 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by BP XI to its members without consideration.
F14 Represents receipt of securities in the distributions in kind described in footnotes (7) and (9).
F15 Securities are held by BP XI SF. Chelsea Stoner is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F16 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by BP XI SF to its members without consideration.
F17 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $33.00 to $33.50 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 securities sold at each separate price within the range set forth in this footnote.
F18 The securities beneficially owned by the Reporting Person prior to the reported transaction reflect the receipt of securities in the distributions in kind described in footnotes (1), (13) and (16).
F19 Securities are held by the Spiller Stoner Family Trust Dated 8/22/13, of which Chelsea R. Stoner is a trustee. Ms. Stoner disclaims beneficial ownership of these securities except to the extent of her proportionate pecuniary interest therein.
F20 Securities are held by Battery Investment Partners Select Fund I, L.P. ("BIP Select I"). The sole general partner of BIP Select I is Battery Partners Select Fund I GP, LLC ("BP Select I GP"). Chelsea Stoner is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
F21 Securities are held by Battery Ventures Select Fund I, L.P. ("BV Select I"). The sole general partner of BV Select I is Battery Partners Select Fund I, L.P. ("BP Select I"). The general partner of BP Select I is BP Select I GP. Chelsea Stoner is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.