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Braze, Inc. — Director's Dealing 2025
Apr 1, 2025
31240_dirs_2025-04-01_79bb563f-0fb9-4bec-866f-46f5d7722829.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: 2025-03-28
Reporting Person: FERNANDEZ PHILLIP M (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-28 | Class A Common Stock | C | 1500 | — | Acquired | 16769 | Direct |
| 2025-03-28 | Class A Common Stock | S | 1500 | $41.46 | Disposed | 15269 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-28 | Stock Option (Right to Buy) | $3.83 | M | 1500 | Disposed | 2029-07-30 | Class B Common Stock (1500) | Direct |
| 2025-03-28 | Class B Common Stock | $ | M | 1500 | Acquired | Class A Common Stock (1500) | Direct | |
| 2025-03-28 | Class B Common Stock | $ | C | 1500 | Disposed | Class A Common Stock (1500) | Direct |
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, 4,213 shares are represented by restricted stock units.
F3: Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2024.
F4: This award is fully vested.