Form 4: Neeraj Agrawal of Battery Ventures Reports Class A Common Stock Transactions in Braze, Inc.

Neeraj Agrawal, a director of Braze, Inc., reported the conversion and distribution of Class A Common Stock, as well as adjustments to holdings through various Battery Ventures entities.

Summary

• Neeraj Agrawal, a director at Braze, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The report includes transactions dated April 1, 2025, and April 10, 2025.
• The transactions involve conversions of Class B Common Stock to Class A Common Stock and pro rata in-kind distributions of Class A Common Stock by various Battery Ventures entities.
• Agrawal disclaims beneficial ownership of the securities except to the extent of his pecuniary interest, as the shares are held by entities like Battery Investment Partners XI, LLC and Battery Ventures XI-A, L.P., where he is a managing member.
• The report also reflects distributions of shares held by Battery Partners XI, LLC and Battery Partners XI Side Fund, LLC.
• The filing updates the holdings of Class A Common Stock previously reported on April 10, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• The filing provides transparency regarding the holdings of major shareholders like Battery Ventures.

Key Dates

Keywords

Form 4, Braze, Inc., Neeraj Agrawal, Battery Ventures, Class A Common Stock, Class B Common Stock, Beneficial Ownership, Securities, Director, Transactions