Form 4: Braze Inc. Director Fernando Machado Sells Shares
SEC Form 4 Filing
Director Fernando Machado sold 1,377 shares of Braze, Inc. on October 7, 2024, at a price of $30.65 per share.
Summary
- On October 7, 2024, Fernando Machado, a director of Braze, Inc., sold 1,377 shares of Class A Common Stock.
- The sale price was $30.65 per share.
- Following the transaction, Machado directly owns 8,937 shares, which includes 8,937 shares represented by restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. A director selling shares is not inherently positive or negative, but the market may interpret it based on the context and the size of the transaction.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, depending on the market's perception of the reasons behind the sale.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Date of transaction: Fernando Machado sold shares of Braze, Inc. |
| 10/09/2024 | Date of signature for the Form 4 filing. |
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