Form 4: Braze Inc. Chief Technology Officer Jonathan Hyman Reports Sale of Class A Common Stock
SEC Form 4
Jonathan Hyman, Chief Technology Officer of Braze Inc., reports the sale of 6,895 shares of Class A Common Stock on August 16, 2024, to cover tax obligations.
Summary
- On August 16, 2024, Jonathan Hyman, the Chief Technology Officer of Braze Inc., sold 6,895 shares of Class A Common Stock.
- The sale was executed at a price of $41.37 per share.
- This transaction was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Hyman directly owns 169,950 shares, including 137,346 shares represented by restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This Form 4 filing is a routine disclosure related to insider trading activities. It is common for executives to sell shares to cover tax obligations associated with vesting equity.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| November 16, 2021 | Effective date of the non-discretionary sell-to-cover program implemented by the Issuer. |
| April 30, 2023 | Date the non-discretionary sell-to-cover program was last modified. |
| August 16, 2024 | Date of the transaction: sale of Class A Common Stock. |
| August 20, 2024 | Date of signature for the Form 4 filing. |
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