Form 4: Neeraj Agrawal of Battery Ventures Reports Changes in Braze Inc. Beneficial Ownership

Neeraj Agrawal, a director and 10% owner of Braze Inc., reports a contribution of shares to a trust and pro rata distributions, resulting in changes to his beneficial ownership of Class A Common Stock.

Summary

• Neeraj Agrawal, a director and 10% owner of Braze, Inc. (BRZE), filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock on April 8, 2025.
• The reported transactions include a contribution of 130,000 shares to the Neeraj Agrawal Irrevocable GST Trust of 2013 in exchange for cash and securities of equivalent value.
• Agrawal also reports pro rata distributions in kind from various Battery Ventures entities, resulting in changes to the number of shares he indirectly owns through these entities.
• These distributions are considered a change in the form of ownership and were not required to be reported under Section 16 rules.
• After the reported transactions, Agrawal directly owns 15,551 shares and indirectly owns a significant number of shares through various trusts and Battery Ventures funds.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and ownership changes.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders and large shareholders. This filing indicates changes in ownership structure but doesn't necessarily reflect a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Braze Inc., Neeraj Agrawal, Battery Ventures, Class A Common Stock, Section 16