Form 4: Braze Inc. Pres & CCO Kleeger Myles Reports Sale of Shares to Cover Tax Obligations

Braze Inc.'s Pres & CCO, Myles Kleeger, sold 9,189 shares of Class A Common Stock on May 19, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 19, 2025, Myles Kleeger, the President and Chief Customer Officer of Braze, Inc., sold 9,189 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $35.88 per share, with individual transactions ranging from $35.77 to $35.88.
• This transaction was part of a non-discretionary sell-to-cover program implemented by Braze, effective November 16, 2021, and last modified on April 30, 2023, to meet tax withholding obligations arising from the vesting of Kleeger's restricted stock units.
• Following the reported transaction, Kleeger beneficially owns 159,693 shares, including 142,360 shares represented by restricted stock units.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment. It reports a routine transaction related to tax obligations, which is a common practice. There are no indications of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of selling shares to cover tax obligations associated with the vesting of equity compensation.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on shareholder sentiment, but is unlikely to have a significant long-term effect given the routine nature of the transaction.

Key Dates

Keywords

Form 4, Braze Inc., BRZE, Myles Kleeger, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, Sell-to-Cover