Jonathan Hyman - 10 Mar 2025 Form 4 Insider Report for Braze, Inc. (BRZE)

Role: Chief Technology Officer
Signature: /s/ Nathan Jeffries, Attorney-in-Fact
Issuer symbol: BRZE
Transactions as of: 10 Mar 2025
Net transactions value: +$4,567
Form type: 4
Filing time: 12 Mar 2025, 19:48:32 UTC
Previous filing: 05 Mar 2025
Next filing: 21 May 2025
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	Award	$0	+65,411	+41%	$0.000000	223,221	10 Mar 2025	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	-1,320	-1.1%	$0.000000	116,879	10 Mar 2025	Class B Common Stock	1,320	$3.46	Direct	F3, F4
transaction	BRZE	Class B Common Stock	Options Exercise	$4,567	+1,320	+0.09%	$3.46	1,406,000	10 Mar 2025	Class A Common Stock	1,320		Direct	F4
holding	BRZE	Class B Common Stock						53,564	10 Mar 2025	Class A Common Stock	53,564		See footnote	F4, F5
holding	BRZE	Class B Common Stock						28,564	10 Mar 2025	Class A Common Stock	28,564		See footnote	F4, F5

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

Explanation of Responses:

Id	Content
F1	These shares represent a restricted stock unit ("RSU") award, which shall vest in 16 equal quarterly installments with the first vesting date being May 15, 2025. The vesting of the RSUs are subject to the Reporting Person's continuous service through such vesting date.
F2	Of the reported shares, 178,146 shares are represented by restricted stock units.
F3	This award is fully vested.
F4	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.
F5	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.