Form 4: Braze Inc. Executive Jonathan Hyman Exercises Stock Options and Converts Class B Shares

Jonathan Hyman, Chief Technology Officer of Braze, Inc., exercised stock options and converted Class B Common Stock into Class A Common Stock on June 21, 2024.

Summary

• On June 21, 2024, Jonathan Hyman, the Chief Technology Officer of Braze, Inc., executed transactions involving the company's stock.
• Hyman exercised stock options to purchase 1,000 shares of Class B Common Stock at a price of $3.46 per share.
• Concurrently, 1,000 shares of Class B Common Stock were converted into Class A Common Stock.
• Following these transactions, Hyman directly owns 123,699 shares of Class B Common Stock, 1,424,680 shares of Class A Common Stock, and holds options for 28,564 shares of Class B Common Stock through a family trust.
• The family trust, with Hyman's spouse as trustee, also holds shares that can be converted into 28,564 shares of Class A Common Stock.
• Hyman disclaims beneficial ownership of the shares held by the family trust except to the extent of his proportionate pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative implications.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade in their company's stock. This filing indicates routine transactions by a company executive.

Key Dates