Form 4: Braze Inc. General Counsel Susan Wiseman Reports Stock Sales

Susan Wiseman, General Counsel of Braze, Inc., reported the sale of Class A Common Stock in multiple transactions on February 18 and February 20, 2025.

Summary

• Susan Wiseman, the General Counsel of Braze, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 18, 2025, she sold 3,925 shares of Class A Common Stock at a weighted average price of $40.82.
• On February 20, 2025, she sold 1,931 shares at a weighted average price of $39.58 and 1,555 shares at a weighted average price of $40.56.
• These sales were executed under a non-discretionary sell-to-cover program and a Rule 10b5-1 trading plan.
• Following these transactions, Wiseman directly owns 182,109 shares of Class A Common Stock, including 68,355 shares represented by restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an insider. The sales were conducted under pre-arranged plans, suggesting no particular concern about the company's prospects.

Industry Context

This filing is a routine disclosure of stock sales by a company insider, which is a common occurrence in publicly traded companies. The sales were conducted under pre-arranged plans, which is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sales by a company insider could have a minor negative impact on shareholder sentiment, although the pre-arranged nature of the sales mitigates this concern.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Sale, Braze Inc., BRZE, Susan Wiseman, General Counsel, Class A Common Stock, Rule 10b5-1, Sell-to-Cover