SCHEDULE: Battery Ventures Amends Braze Stake, Key Individuals Hold Significant Shares

Battery Ventures and its managing members updated their beneficial ownership in Braze, Inc., revealing significant stakes in Class A Common Stock.

Summary

• Battery Ventures entities and associated individuals collectively reported significant beneficial ownership in Braze, Inc. Class A Common Stock.
• As of June 30, 2025, Neeraj Agrawal, a managing member, beneficially owns 7,662,772 shares, representing 7.4% of the Class A common stock.
• Other key individuals, including Michael M. Brown, Jesse Feldman, Chelsea R. Stoner, and Scott R. Tobin, each beneficially own approximately 6.9% of the Class A common stock.
• Battery Partners Select Fund I GP, LLC, holds 2,788,425 shares, equating to 2.8% of the class.
• The total Class A common stock outstanding used for percentage calculation is 97,998,412 shares as of June 3, 2025.
• Beneficial ownership includes both directly held Class A common stock and Class A common stock issuable upon conversion of Class B common stock.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G Amendment), providing factual information about ownership stakes without commentary on company performance or future prospects.

Positives

• Disclosure of significant beneficial ownership by institutional investors like Battery Ventures and its managing members indicates continued investment interest in Braze, Inc.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and individual ownership stakes, which can influence market perception and liquidity.

Key Dates

Keywords

Braze Inc., BRZE, Class A Common Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, Battery Ventures, Venture Capital, SEC Filing, Ownership Disclosure