Isabelle Winkles - 05 Apr 2022 Form 4/A - Amendment Insider Report for Braze, Inc. (BRZE)

Role: Chief Financial Officer
Signature: /s/ Susan Wiseman, Attorney-in-Fact
Issuer symbol: BRZE
Transactions as of: 05 Apr 2022
Net transactions value: +$665,246
Form type: 4/A - Amendment
Filing time: 18 Aug 2023, 17:12:28 UTC
Date Of Original Report: 06 Apr 2022
Previous filing: 06 Apr 2022
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRZE	Class A Common Stock	Conversion of derivative security		+136,321	+665%		156,812	05 Apr 2022	Direct	F1, F2

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	-136,321	-42%	$0.000000	187,688	05 Apr 2022	Class B Common Stock	136,321	$4.88	Direct	F2, F3
transaction	BRZE	Class B Common Stock	Options Exercise	$665,246	+136,321		$4.88^*	136,321	05 Apr 2022	Class A Common Stock	136,321		Direct	F2
transaction	BRZE	Class B Common Stock	Conversion of derivative security	$0	-136,321	-100%	$0.000000^*	0	05 Apr 2022	Class A Common Stock	136,321		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On April 6, 2022, the Reporting Person filed a Form 4 that inadvertently reported that on April 5, 2022 (i) 93,000 shares of Class B Common Stock were acquired upon exercise of an option, and (ii) 93,000 shares of Class B Common Stock were converted to Class A Common Stock. In fact, as reported in this amendment, on that date, (i) 136,321 shares of Class B Common Stock were acquired upon exercise of an option, and (ii) 136,321 shares of Class B Common Stock were converted to Class A Common Stock.
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	One fourth (1/4th) of the shares subject to the option award vested on January 31, 2021, and one thirty-sixth(1/36th) of the remaining shares subject to the option award vested or shall vest on the last day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.