Myles Kleeger - Oct 20, 2023 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
Pres & CCO
Signature
/s/ Nathan Jeffries, Attorney-in-Fact
Stock symbol
BRZE
Transactions as of
Oct 20, 2023
Transactions value $
$66,993
Form type
4
Date filed
10/24/2023, 04:36 PM
Previous filing
Oct 19, 2023
Next filing
Nov 16, 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 -19.4K -13.09% $0.00 129K Oct 20, 2023 Class B Common Stock 19.4K $3.46 Direct F1, F2
transaction BRZE Class B Common Stock Options Exercise $67K +19.4K +2.33% $3.46* 850K Oct 20, 2023 Class A Common Stock 19.4K Direct F2
holding BRZE Class B Common Stock 111K Oct 20, 2023 Class A Common Stock 111K See footnote F2, F3
holding BRZE Class B Common Stock 111K Oct 20, 2023 Class A Common Stock 111K See footnote F2, F3
holding BRZE Class B Common Stock 147K Oct 20, 2023 Class A Common Stock 147K See footnote F2, F4
holding BRZE Class B Common Stock 19.8K Oct 20, 2023 Class A Common Stock 19.8K See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option award is fully vested.
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.