Form 4 for BRZE Braze, Inc.
Accepted 2023-05-17 00:00:00 ET · period of report 2023-05-15 · accession 0001676238-23-000055 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-17 | 2023-05-15 | BRZE | Magnuson William | CEO, Dir | S - Sale | $29.65 | -11.3K | 487.8K | -2% | -$335.1K |
| D | 2023-05-17 | 2023-05-15 | BRZE | Magnuson William | CEO, Dir | C - Cnv Deriv | — | +2,279 | 490.1K | +0.5% | — |
| D | 2023-05-17 | 2023-05-15 | BRZE | Magnuson William | CEO, Dir | C - Cnv Deriv | $0.00 | -2,279 | 3.27M | -0.1% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-05-15 | S | D | 11,301 | $29.65 | 487,782 | D | — | — | (F2) Of the reported shares, 307,577 shares are represented by RSUs. |
| 2 | Common | Class A Common Stock | 2023-05-15 | C | A | 2,279 | — | 490,061 | D | — | — | (F3) 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, 307,577 shares are represented by RSUs. |
| 3 | Derivative | Class B Common Stock | 2023-05-15 | C | D | 2,279 | $0.00 | 3,274,864 | D | — · — to — | 2,279 Class A Common Stock | (F3) 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. |