Form 4: Braze CEO William Magnuson Sells Shares to Cover Tax Obligations

Braze, Inc. CEO William Magnuson sold 18,050 shares of Class A Common Stock on February 18, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• On February 18, 2025, William Magnuson, the CEO of Braze, Inc., sold 18,050 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $40.82 per share, with individual transactions ranging from $40.82 to $41.36.
• This transaction was part of a non-discretionary sell-to-cover program implemented by Braze to satisfy tax withholding obligations arising from the vesting of Magnuson's restricted stock units.
• Following the transaction, Magnuson directly owns 564,766 shares of Class A Common Stock and indirectly owns 470 shares through a limited liability company.
• 300,133 of the directly owned shares are represented by restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into insider transactions, allowing investors to track the buying and selling activities of company executives and directors.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates

Keywords

Form 4, Braze, Inc., BRZE, William Magnuson, CEO, stock sale, restricted stock units, tax obligations, insider trading, sell-to-cover