Susan Wiseman - Apr 4, 2024 Form 4 Insider Report for Braze, Inc. (BRZE)

Signature
/s/ Nathan Jeffries, Attorney-in-Fact
Stock symbol
BRZE
Transactions as of
Apr 4, 2024
Transactions value $
-$209,256
Form type
4
Date filed
4/8/2024, 06:50 PM
Previous filing
Feb 21, 2024
Next filing
May 20, 2024

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 +7.6K +3.68% 214K Apr 4, 2024 Direct F1, F2
transaction BRZE Class A Common Stock Sale -$327K -7.6K -3.55% $43.06 206K Apr 4, 2024 Direct F2, F3
transaction BRZE Class A Common Stock Conversion of derivative security +22.4K +10.85% 229K Apr 8, 2024 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 -7.6K -12.67% $0.00 52.4K Apr 4, 2024 Class B Common Stock 7.6K $4.88 Direct F1, F4
transaction BRZE Class B Common Stock Options Exercise $37.1K +7.6K $4.88* 7.6K Apr 4, 2024 Class A Common Stock 7.6K Direct F1
transaction BRZE Class B Common Stock Conversion of derivative security $0 -7.6K -100% $0.00* 0 Apr 4, 2024 Class A Common Stock 7.6K Direct F1
transaction BRZE Stock Option (Right to Buy) Options Exercise $0 -2.4K -4.58% $0.00 50K Apr 8, 2024 Class B Common Stock 2.4K $4.88 Direct F1, F4
transaction BRZE Class B Common Stock Options Exercise $11.7K +2.4K $4.88* 2.4K Apr 8, 2024 Class A Common Stock 2.4K Direct F1
transaction BRZE Stock Option (Right to Buy) Options Exercise $0 -20K -33.48% $0.00 39.7K Apr 8, 2024 Class B Common Stock 20K $3.46 Direct F1, F5
transaction BRZE Class B Common Stock Options Exercise $69.2K +20K +833.33% $3.46* 22.4K Apr 8, 2024 Class A Common Stock 20K Direct F1
transaction BRZE Class B Common Stock Conversion of derivative security $0 -22.4K -100% $0.00* 0 Apr 8, 2024 Class A Common Stock 22.4K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Of the reported shares, 97,996 shares are represented by restricted stock units.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.01 to $43.12 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 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, 2020, subject to the Reporting Person's continuous service through such vesting date.
F5 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.