Form 4: Braze Inc. General Counsel Susan Wiseman Sells Shares

Susan Wiseman, General Counsel of Braze Inc., sold a portion of her Class A Common Stock holdings on July 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 11, 2024, Susan Wiseman, the General Counsel of Braze, Inc., sold shares of Class A Common Stock.
• A total of 3,558 shares were sold in multiple transactions.
• The sales were executed under a Rule 10b5-1 trading plan adopted on April 11, 2024.
• The weighted average sale prices ranged from $38.06 to $38.98 for 3,358 shares and $39.23 to $39.50 for 200 shares.
• Following the transactions, Wiseman directly owns 221,840 shares of Class A Common Stock, including 90,586 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by an insider, which is neither particularly positive nor negative. The sales were conducted under a pre-arranged trading plan, suggesting they were not based on any specific new information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock; this provides transparency to the market.

Stakeholder Impact

• The stock sale by a company insider could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates