Jesse Feldman - Apr 12, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
10%+ Owner
Signature
/s/ Christopher Schiavo, as Attorney-in-Fact for Jesse R. Feldman
Stock symbol
BRZE
Transactions as of
Apr 12, 2023
Transactions value $
-$400,751
Form type
4
Date filed
4/14/2023, 06:26 PM
Previous filing
Nov 23, 2021
Next filing
Jul 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Sale -$145K -4.26K -10.69% $34.00 35.6K Apr 12, 2023 Direct F1, F2, F3
transaction BRZE Class A Common Stock Sale -$256K -7.53K -21.18% $33.99 28K Apr 13, 2023 Direct F4
holding BRZE Class A Common Stock 32.7K Apr 12, 2023 By Battery Investment Partners XI, LLC F5
holding BRZE Class A Common Stock 706K Apr 12, 2023 By Battery Ventures XI-A, L.P. F6
holding BRZE Class A Common Stock 187K Apr 12, 2023 By Battery Ventures XI-B, L.P. F7
holding BRZE Class A Common Stock 733K Apr 12, 2023 By Battery Ventures XI-A Side Fund, L.P. F8
holding BRZE Class A Common Stock 159K Apr 12, 2023 By Battery Ventures XI-B Side Fund, L.P. F9
holding BRZE Class A Common Stock 29.3K Apr 12, 2023 By Battery Investment Partners Select Fund I, L.P. F10
holding BRZE Class A Common Stock 1.4M Apr 12, 2023 By Battery Ventures Select Fund I, L.P. F11
holding BRZE Class A Common Stock 4.24K Apr 12, 2023 By Trust F2, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $34.00 to $34.05 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.
F2 The securities held by the Reporting Person prior to the transactions reported herein reflect the receipt of securities pursuant to pro rata distributions in kind, effected by each of Battery Partners XI, LLC ("BP XI") and Battery Partners XI Side Fund, LLC ("BP XI SF") to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
F3 The securities held by the Reporting Person prior to the transactions reported herein reflect the receipt of securities pursuant to a pro rata distribution in kind, effected by Battery Investment Partners XI, LLC ("BIP XI") to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
F4 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $33.90 to $34.01 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.
F5 Securities are held by BIP XI. BP XI is the managing member of BIP XI and may be deemed to beneficially own the securities held by BIP XI. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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.
F6 Securities are held by Battery Ventures XI-A, L.P. ("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. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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 Securities are held by Battery Ventures XI-B, L.P. ("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. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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.
F8 Securities are held by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). 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. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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 Securities are held by Battery Ventures XI-B Side Fund, L.P. ("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. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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.
F10 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"). The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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 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. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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.
F12 Securities are held by The Jesse Feldman Irrevocable Trust of 2016, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein.