Form 4: Braze Director Neeraj Agrawal Reports Acquisition of Restricted Stock Units

Braze, Inc. Director Neeraj Agrawal reported the acquisition of 5,033 Class A Common Stock through a restricted stock unit award, increasing his total beneficial ownership.

Summary

• Neeraj Agrawal, a Director and 10% Owner of Braze, Inc. (BRZE), reported changes in his beneficial ownership.
• On June 26, 2025, Agrawal acquired 5,033 shares of Class A Common Stock as a restricted stock unit (RSU) award at a price of $0.
• This RSU award is set to vest on the earlier of June 26, 2026, or the date immediately preceding the Issuer's 2026 annual meeting of stockholders, contingent on continuous service.
• Following this transaction, Agrawal directly beneficially owns 63,348 shares of Class A Common Stock.
• Additionally, Agrawal indirectly beneficially owns 29,250 shares through Battery Investment Partners Select Fund I, L.P., 1,395,750 shares through Battery Ventures Select Fund I, L.P., and 753,211 shares through an irrevocable GST trust.
• Previous pro rata distributions in kind from Battery Ventures funds and Battery Investment Partners XI, LLC to Agrawal resulted in changes in the form of ownership, which were exempt from Section 16 reporting.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the RSU grant aligns the director's interests with shareholder value, which is generally viewed favorably.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, as the value of the award is tied to the company's stock performance.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider equity transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial incentives with the company's stock performance, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The restricted stock units are expected to vest on the earlier of June 26, 2026, or the date immediately preceding the Issuer's 2026 annual meeting of stockholders, subject to continuous service.

Key Dates

Keywords

Braze, BRZE, Neeraj Agrawal, SEC Form 4, insider transaction, beneficial ownership, restricted stock unit, RSU, director compensation, equity award