Form 4: Braze General Counsel Acquires Shares Through Employee Stock Purchase Plan

Braze, Inc.'s General Counsel, Susan Wiseman, acquired 585 shares of Class A Common Stock at $24.89 per share through the company's Employee Stock Purchase Plan.

Summary

• Susan Wiseman, the General Counsel of Braze, Inc. (BRZE), acquired 585 shares of the Issuer's Class A Common Stock.
• The transaction occurred on June 16, 2025, and was made pursuant to the Issuer's 2021 Employee Stock Purchase Plan (ESPP) for the purchase period of January 16, 2025, through June 16, 2025.
• The acquisition price per share was $24.89, which represents 85% of the fair market value of the Issuer's Class A Common Stock on the purchase date, in accordance with the ESPP terms.
• Following this transaction, Susan Wiseman beneficially owns a total of 244,441 shares of Class A Common Stock.
• Of the total shares beneficially owned, 98,748 shares are represented by restricted stock units.
• This transaction is exempt under SEC Rule 16b-3(c).

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, even through a routine ESPP, generally indicates confidence in the company's future prospects and aligns management's interests with shareholders.

Positives

• Susan Wiseman, a key executive, increased her direct ownership in Braze, Inc., which can signal confidence in the company's future prospects.
• The acquisition through the Employee Stock Purchase Plan (ESPP) highlights the company's commitment to employee ownership and aligns management's interests with those of shareholders.

Future Outlook

NA

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Increased alignment of management's interests with shareholder value due to increased insider ownership.
• Employees: Demonstrates the availability and utilization of employee benefit programs like the ESPP.

Key Dates

Recommendation

Keywords

Braze Inc., BRZE, Form 4, Insider Trading, Employee Stock Purchase Plan, Susan Wiseman, Stock Acquisition, General Counsel