Battery Partners XI, LLC - Oct 2, 2024 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: Oct 2, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/4/2024, 04:15 PM
Previous 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	-27.5K	-46.43%	$0.00	31.7K	Oct 2, 2024	By Battery Investment Partners XI, LLC	F1, F2
transaction	BRZE	Class A Common Stock	Other	$0	-593K	-46.43%	$0.00	685K	Oct 2, 2024	By Battery Ventures XI-A, L.P.	F3, F4
transaction	BRZE	Class A Common Stock	Other	$0	-157K	-46.43%	$0.00	181K	Oct 2, 2024	By Battery Ventures XI-B, L.P.	F5, F6
transaction	BRZE	Class A Common Stock	Other	$0	-616K	-46.43%	$0.00	711K	Oct 2, 2024	By Battery Ventures XI-A Side Fund, L.P.	F7, F8
transaction	BRZE	Class A Common Stock	Other	$0	-134K	-46.43%	$0.00	154K	Oct 2, 2024	By Battery Ventures XI-B Side Fund, L.P.	F9, F10
transaction	BRZE	Class A Common Stock	Other	$0	+132K		$0.00	132K	Oct 2, 2024	Direct	F11, F12
transaction	BRZE	Class A Common Stock	Other	$0	-132K	-100%	$0.00	0	Oct 2, 2024	Direct	F12, F13
transaction	BRZE	Class A Common Stock	Other	$0	+750K		$0.00	750K	Oct 2, 2024	By Battery Partners XI Side Fund, LLC	F14, F15
transaction	BRZE	Class A Common Stock	Other	$0	-750K	-100%	$0.00	0	Oct 2, 2024	By Battery Partners XI Side Fund, LLC	F15, F16

* 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its 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.