Magnuson William - 15 May 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role: Chief Executive Officer, Director
Signature: /s/ Nathan Jeffries, Attorney-in-Fact
Issuer symbol: BRZE
Transactions as of: 15 May 2023
Net transactions value: -$335,075
Form type: 4
Filing time: 17 May 2023, 17:20:09 UTC
Previous filing: 07 Mar 2023
Next filing: 18 Aug 2023
SEC: View on sec.gov

Quoteable Key Fact

"Magnuson William filed Form 4 for Braze, Inc. (BRZE) on 17 May 2023."

Quick Takeaways

This page summarizes Magnuson William's Form 4 filing for Braze, Inc. (BRZE).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 17 May 2023, 17:20.

What Changed

Previous filing in this sequence was filed on 07 Mar 2023.
Current net transaction value: -$335,075.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRZE	Class A Common Stock	Sale	$335,075	-11,301	-2.3%	$29.65	487,782	15 May 2023	Direct	F1, F2
transaction	BRZE	Class A Common Stock	Conversion of derivative security		+2,279	+0.47%		490,061	15 May 2023	Direct	F2, F3

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	Class B Common Stock	Conversion of derivative security	$0	-2,279	-0.07%	$0.000000	3,274,864	15 May 2023	Class A Common Stock	2,279		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was effected in accordance with a non-discretionary sell-to-cover program implemented by the Issuer to satisfy tax withholding or other payment obligations arising in connection with the vesting of the Reporting Person's restricted stock units ("RSUs").
F2	Of the reported shares, 307,577 shares are represented by RSUs.
F3	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.