Form 4: Braze Inc. Executive Jonathan Hyman Reports Stock Option Exercise and Resulting Share Conversion

Jonathan Hyman, Chief Technology Officer of Braze, Inc., reports exercising stock options and converting Class B Common Stock to Class A Common Stock on March 28, 2024.

Summary

• On March 28, 2024, Jonathan Hyman, the Chief Technology Officer of Braze, Inc., exercised stock options to purchase 1,000 shares of Class B Common Stock at a price of $3.46 per share.
• Hyman also converted 1,000 shares of Class B Common Stock into Class A Common Stock on the same day.
• Following these transactions, Hyman directly owns 1,422,680 shares of Class A Common Stock and indirectly owns 28,564 shares through a family trust.
• The shares held in the family trust are managed by Hyman's spouse, with Hyman sharing voting and investment control.

Sentiment

Score: 5

Explanation: This is a neutral reporting of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.

Key Dates