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Braze, Inc. — Director's Dealing 2024
May 7, 2024
31240_dirs_2024-05-07_acd15e71-63b9-435a-b76b-ae43735699be.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Braze, Inc. (BRZE)
CIK: 0001676238
Period of Report: 2024-05-03
Reporting Person: Hyman Jonathan (Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-03 | Class A Common Stock | C | 1000 | — | Acquired | 184258 | Direct |
| 2024-05-03 | Class A Common Stock | S | 1000 | $42.44 | Disposed | 183258 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-03 | Class B Common Stock | $ | C | 1000 | Disposed | Class A Common Stock (1000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (28564) | 28564 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (28564) | 28564 | Indirect |
Footnotes
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, 161,957 shares are represented by restricted stock units.
F3: Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on December 29, 2023.
F4: The securities are held by a family trust, of which the reporting person's spouse is the trustee. 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.