Form 4: Braze CBO Sells Shares for Tax Obligations

Braze's Chief Business Officer, Astha Malik, sold 14,322 shares of Class A Common Stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Astha Malik, Chief Business Officer of Braze, Inc. (BRZE), sold 14,322 shares of Class A Common Stock.
• The transaction occurred on November 18, 2025, at a weighted average price of $26.64 per share.
• The shares were sold in multiple transactions at prices ranging from $26.64 to $26.83.
• This sale was effected in accordance with a non-discretionary 'sell-to-cover' program, implemented by the Issuer effective November 16, 2021, to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• Following the reported transaction, Astha Malik beneficially owns 219,338 shares, of which 170,136 shares are represented by restricted stock units.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider stock sale for tax purposes, which is neutral in sentiment and does not indicate a change in company outlook or management confidence.

Key Dates

Keywords

Braze, BRZE, Astha Malik, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, Rule 10b5-1