Myles Kleeger - Dec 27, 2022 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
Pres & Chief Customer Officer
Signature
/s/ Susan Wiseman, Attorney-in-Fact
Stock symbol
BRZE
Transactions as of
Dec 27, 2022
Transactions value $
$5,882
Form type
4
Date filed
12/29/2022, 03:06 PM
Previous filing
Dec 9, 2022
Next filing
Mar 7, 2023

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 Stock Option (Right to Buy) Options Exercise $0 -1.7K -0.87% $0.00 193K Dec 27, 2022 Class B Common Stock 1.7K $3.46 Direct F1, F2
transaction BRZE Class B Common Stock Options Exercise $5.88K +1.7K +0.22% $3.46* 786K Dec 27, 2022 Class A Common Stock 1.7K Direct F2
holding BRZE Class B Common Stock 111K Dec 27, 2022 Class A Common Stock 111K See footnote F2, F3
holding BRZE Class B Common Stock 111K Dec 27, 2022 Class A Common Stock 111K See footnote F2, F3
holding BRZE Class B Common Stock 101K Dec 27, 2022 Class A Common Stock 101K See footnote F2, F4
holding BRZE Class B Common Stock 65.7K Dec 27, 2022 Class A Common Stock 65.7K See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One forty-eighth (1/48th) of the shares subject to the option award vested or shall vest on a monthly basis on the first day of each month commencing on March 1, 2019, subject to the Reporting Person's continuous service through such vesting date.
F2 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.
F3 The securities are held by a family trust. 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.
F4 The securities are held by a family GRAT. 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.