Form 4: Braze Inc. CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Isabelle Winkles, CFO of Braze Inc., sold 8,398 shares of Class A Common Stock on February 18, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 18, 2025, Isabelle Winkles, the Chief Financial Officer of Braze, Inc., sold 8,398 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 $41.35.
- The transaction was part of a non-discretionary sell-to-cover program implemented by Braze, Inc. to satisfy tax withholding obligations arising from the vesting of restricted stock units.
- Following the transaction, Winkles directly owns 191,387 shares, including 138,262 shares represented by restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when a significant portion of compensation is delivered via equity.
Key Dates
| Date | Description |
|---|---|
| 2021/11/16 | Effective date of the non-discretionary sell-to-cover program implemented by the Issuer. |
| 2023/04/30 | Date of the last modification to the non-discretionary sell-to-cover program. |
| 2025/02/18 | Date of the transaction where Isabelle Winkles sold shares. |
| 2025/02/20 | Date of signature for the Form 4 filing. |
Keywords
Braze Inc., Isabelle Winkles, CFO, Form 4, Share Sale, Tax Withholding, Restricted Stock Units, BRZE
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