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

Braze, Inc. CEO William Magnuson sold 25,089 shares of Class A Common Stock on May 19, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 19, 2025, William Magnuson, the CEO of Braze, Inc., sold 25,089 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $35.88 per share, with individual transactions ranging from $35.73 to $35.88.
• 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 745,769 shares of Class A Common Stock, including 461,499 shares represented by restricted stock units.
• Magnuson also indirectly owns 470 shares through a limited liability company where he shares voting and investment control.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. The disclosure provides transparency to investors.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, 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, Tax Withholding, Restricted Stock Units, Beneficial Ownership