Form 4 for BRZE Braze, Inc.
Accepted 2024-07-17 00:00:00 ET · period of report 2024-07-15 · accession 0001676238-24-000137 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-07-17 | 2024-07-15+ | BRZE | FERNANDEZ PHILLIP M | Dir | C - Cnv Deriv | — | +11.5K | 25.3K | +84% | — |
| DM | 2024-07-17 | 2024-07-15+ | BRZE | FERNANDEZ PHILLIP M | Dir | S - Sale | $40.21 | -11.5K | 15.3K | -43% | -$462.4K |
| DM | 2024-07-17 | 2024-07-15+ | BRZE | FERNANDEZ PHILLIP M | Dir | M - OptEx | $1.92 | 0 | 151.7K | New | $0 |
| DM | 2024-07-17 | 2024-07-15+ | BRZE | FERNANDEZ PHILLIP M | Dir | C - Cnv Deriv | $0.00 | -11.5K | 0 | -100% | $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 | 2024-07-15 | C | A | 1,500 | — | 16,769 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2024-07-16 | S | D | 10,000 | $40.24 | 15,269 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.10 to $40.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F2) Of the reported shares, 4,213 shares are represented by restricted stock units. |
| 3 | Common | Class A Common Stock | 2024-07-16 | C | A | 10,000 | — | 25,269 | D | — | — | (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. |
| 4 | Common | Class A Common Stock | 2024-07-15 | S | D | 1,500 | $40.00 | 15,269 | D | — | — | (F2) Of the reported shares, 4,213 shares are represented by restricted stock units. |
| 5 | Derivative | Class B Common Stock | 2024-07-16 | M | A | 10,000 | $3.83 | 10,000 | D | — · — to — | 10,000 Class A Common Stock | (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. |
| 6 | Derivative | Class B Common Stock | 2024-07-16 | C | D | 10,000 | $0.00 | 0 | D | — · — to — | 10,000 Class A Common Stock | (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. |
| 7 | Derivative | Class B Common Stock | 2024-07-15 | C | D | 1,500 | $0.00 | 0 | D | — · — to — | 1,500 Class A Common Stock | (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. |
| 8 | Derivative | Class B Common Stock | 2024-07-15 | M | A | 1,500 | $3.83 | 1,500 | D | — · — to — | 1,500 Class A Common Stock | (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. |
| 9 | Derivative | Stock Option (Right to Buy) | 2024-07-15 | M | D | 1,500 | $0.00 | 161,692 | D | $3.83 · — to 2029-07-30 | 1,500 Class B Common Stock | (F6) One forty-eighth (1/48th) of the shares subject to the option award vested or shall vest on a monthly basis on the tenth day of each month commencing on June 10, 2019, subject to the Reporting Person's continuous service through such vesting date. |
| 10 | Derivative | Stock Option (Right to Buy) | 2024-07-16 | M | D | 10,000 | $0.00 | 151,692 | D | $3.83 · — to 2029-07-30 | 10,000 Class B Common Stock | (F6) One forty-eighth (1/48th) of the shares subject to the option award vested or shall vest on a monthly basis on the tenth day of each month commencing on June 10, 2019, subject to the Reporting Person's continuous service through such vesting date. |