Quick Takeaways
- This page summarizes Magnuson William's Form 4 filing for Braze, Inc. (BRZE).
- 2 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 20 May 2024, 18:32.
Magnuson William - 16 May 2024 Form 4 Insider Report for Braze, Inc. (BRZE)
- Signature
- /s/ Nathan Jeffries as Attorney-in-Fact
- Issuer symbol
- BRZE
- Transactions as of
- 16 May 2024
- Net transactions value
- -$748,578
- Form type
- 4
- Filing time
- 20 May 2024, 18:32:48 UTC
- Previous filing
- 21 Feb 2024
- Next filing
- 20 Aug 2024
- SEC
- View on sec.gov
Quoteable Key Fact
"Magnuson William filed Form 4 for Braze, Inc. (BRZE) on 20 May 2024."
What Changed
- Previous filing in this sequence was filed on 21 Feb 2024.
- Current net transaction value: -$748,578.
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
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BRZE | Class A Common Stock | Sale | $744,957 | -17,839 | -2.8% | $41.76 | 618,675 | 16 May 2024 | Direct | F1, F2 |
| transaction | BRZE | Class A Common Stock | Sale | $3,621 | -86 | -0.01% | $42.11 | 618,589 | 17 May 2024 | Direct | F1, F2 |
| holding | BRZE | Class A Common Stock | 470 | 16 May 2024 | See footnote | F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | This transaction was effected in accordance with a non-discretionary sell-to-cover program implemented by the Issuer, effective November 16 ,2021 and last modified April 30, 2023, to satisfy tax withholding obligations arising in connection with the vesting of the Reporting Person's restricted stock units. |
| F2 | Of the reported shares, 395,671 shares are represented by restricted stock units. |
| F3 | The securities are held by a limited liability company in which the reporting person is a member. The reporting person shares voting and investment control of the shares and may be deemed to beneficially own the shares. |