Russell L. Fleischer - Dec 13, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role: 10%+ Owner
Signature: /s/ Christopher Schiavo, as Attorney-in-Fact for Russell L. Fleischer
Stock symbol: BRZE
Transactions as of: Dec 13, 2023
Transactions value $: -$1,424,224
Form type: 4
Date filed: 12/15/2023, 04:15 PM
Previous filing: Nov 14, 2023
Next filing: Dec 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRZE	Class A Common Stock	Sale	-$1.42M	-26K	-56.79%	$54.70	19.8K	Dec 13, 2023	Direct	F1
holding	BRZE	Class A Common Stock						59.2K	Dec 13, 2023	By Battery Investment Partners XI, LLC	F2
holding	BRZE	Class A Common Stock						1.28M	Dec 13, 2023	By Battery Ventures XI-A, L.P.	F3
holding	BRZE	Class A Common Stock						338K	Dec 13, 2023	By Battery Ventures XI-B, L.P.	F4
holding	BRZE	Class A Common Stock						1.33M	Dec 13, 2023	By Battery Ventures XI-A Side Fund, L.P.	F5
holding	BRZE	Class A Common Stock						288K	Dec 13, 2023	By Battery Ventures XI-B Side Fund, L.P.	F6
holding	BRZE	Class A Common Stock						29.3K	Dec 13, 2023	By Battery Investment Partners Select Fund I, L.P.	F7
holding	BRZE	Class A Common Stock						1.4M	Dec 13, 2023	By Battery Ventures Select Fund I, L.P.	F8

* 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 $54.70 to $54.75 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	Securities are held by Battery Investment Partners XI, LLC ("BIP XI"). BIP XI. Battery Partners XI, LLC ("BP XI") is the managing member of 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.
F3	Securities are held by Battery Ventures XI-A, L.P. ("BV XI-A"). BP XI is the general partner of 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.
F4	Securities are held by Battery Ventures XI-B, L.P. ("BV XI-B"). BP XI is the general partner of 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.
F5	Securities are held by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). Battery Partners XI Side Fund, LLC ("BP XI SF") is the general partner of 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.
F6	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. The Reporting Person 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. The Reporting Persons 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 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.
F8	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 Persons 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.