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

Jonathan Hyman, Chief Technology Officer of Braze Inc., executed stock options and converted Class B Common Stock to Class A Common Stock on March 3, 2025.

Summary

• On March 3, 2025, Jonathan Hyman, the Chief Technology Officer of Braze, Inc., exercised stock options to purchase 1,500 shares of Class B Common Stock at a price of $3.46 per share.
• Hyman also converted 1,500 shares of Class B Common Stock into Class A Common Stock.
• Following these transactions, Hyman directly owns 1,404,680 shares of Class A Common Stock and indirectly owns 53,564 shares through a family trust where he shares voting and investment control.
• Additionally, Hyman indirectly owns 28,564 shares through another family trust.
• The shares held in the family trust are disclaimed for beneficial ownership except to the extent of his proportionate pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of Class A shares outstanding.

Key Dates