Neeraj Agrawal - Jun 29, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role: Director, 10%+ Owner
Signature: /s/ Susan Wiseman, Attorney-in-Fact
Stock symbol: BRZE
Transactions as of: Jun 29, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/3/2023, 05:03 PM
Previous filing: Jun 20, 2023
Next filing: Jul 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRZE	Class A Common Stock	Award	$0	+5.85K	+22.12%	$0.00	32.3K	Jun 29, 2023	Direct	F1, F2
holding	BRZE	Class A Common Stock						24.4K	Jun 29, 2023	By The Neeraj Agrawal Irrevocable GST Trust of 2013	F3
holding	BRZE	Class A Common Stock						264	Jun 29, 2023	By The Neeraj Agrawal Revocable Trust of 2012	F4
holding	BRZE	Class A Common Stock						32.7K	Jun 29, 2023	By Battery Investment Partners XI, LLC	F5
holding	BRZE	Class A Common Stock						706K	Jun 29, 2023	By Battery Ventures XI-A, L.P.	F6
holding	BRZE	Class A Common Stock						187K	Jun 29, 2023	By Battery Ventures XI-B, L.P.	F7
holding	BRZE	Class A Common Stock						733K	Jun 29, 2023	By Battery Ventures XI-A Side Fund, L.P.	F8
holding	BRZE	Class A Common Stock						159K	Jun 29, 2023	By Battery Ventures XI-B Side Fund, L.P.	F9
holding	BRZE	Class A Common Stock						29.3K	Jun 29, 2023	By Battery Investment Partners Select Fund I, L.P.	F10
holding	BRZE	Class A Common Stock						1.4M	Jun 29, 2023	By Battery Ventures Select Fund I, L.P.	F11

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

Explanation of Responses:

Id	Content
F1	The reported securities represent a restricted stock unit ("RSU") award and shall vest on the earlier of (i) June 29, 2024, or (ii) the date immediately preceding the date of the Issuer's 2024 annual meeting of stockholders, in each case subject to the Reporting Person's continuous service on such vesting date.
F2	Includes the receipt of shares 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, including the Reporting Person, for no additional consideration. The receipt of such shares 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 shares held by the Reporting Person reported herein reflect the receipt of shares pursuant to pro rata distributions in kind, effected by each of Battery Investment Partners XI, LLC ("BIP XI"), BP XI and BP XI SF to its members, including the Reporting Person, for no additional consideration. The receipt of such shares 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 shares held by the Reporting Person reported herein reflect the receipt of shares pursuant to a pro rata distribution in kind, effected by ICONIQ Strategic Partners III, L.P. to its limited partners, including the Reporting Person, for no additional consideration. The receipt of such shares by the Reporting Person was not required to be reported pursuant to Section 16 by virtue of the exemption from reporting pursuant to Rule 16a-9.
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 or 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 or 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 or 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 or 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 or 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 or 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 o the reported securities for purposes of Section 16 or for any other purpose.