Form 4: Braze Inc. Executive Jonathan Hyman Sells Shares to Cover Tax Obligations

Jonathan Hyman, Chief Technology Officer of Braze Inc., sold shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 18, 2025, Jonathan Hyman, the Chief Technology Officer of Braze, Inc., sold 5,210 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $40.82 per share, with individual transactions ranging from $40.82 to $41.36.
• This transaction was part of a non-discretionary sell-to-cover program implemented by Braze to satisfy tax withholding obligations related to the vesting of Hyman's restricted stock units.
• Following the transaction, Hyman directly owns 157,810 shares, including 112,735 shares represented by restricted stock units.

Sentiment

Score: 5

Explanation: The Form 4 filing indicates a routine transaction to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This transaction is not necessarily indicative of the executive's sentiment towards the company's future prospects.

Key Dates

Keywords

Form 4, Braze Inc., Jonathan Hyman, BRZE, Chief Technology Officer, Stock Sale, Sell-to-Cover, Restricted Stock Units, Tax Withholding