[144] Braze, Inc. SEC Filing

Rhea-AI Filing Summary

Braze, Inc. (BRZE) Form 144 filing shows a proposed sale of 4,943 common shares (restricted stock units) through Morgan Stanley Smith Barney LLC on 08/20/2025 with an aggregate market value of $126,886.81. The RSUs were acquired from the issuer on 08/15/2025 and payment is recorded as N/A. The filing also discloses 10b5-1 sales by Susan Wiseman totaling 4,786 shares on 07/14/2025 for gross proceeds of $129,626.90. The filer affirms no undisclosed material adverse information and references Rule 10b5-1 trading plan language in the remarks.

Positive

• Use of a broker (Morgan Stanley Smith Barney LLC) to execute the sale indicates standard execution channels and professional handling
• Disclosure of prior 10b5-1 sales (Susan Wiseman: 4,786 shares on 07/14/2025 for $129,626.90) provides transaction history and transparency

Negative

• Insider sale of 4,943 RSUs scheduled for 08/20/2025 with aggregate market value of $126,886.81 could be interpreted as insider selling activity
• RSUs were acquired and are being sold within five days (acquired 08/15/2025; approximate sale 08/20/2025), which is a rapid disposition as reported

Insights

Securities Analyst

TL;DR Routine insider sale of newly issued restricted stock units; filing documents a small-volume transaction and prior 10b5-1 sales.

The Form 144 reports a proposed sale of 4,943 common shares acquired as restricted stock units on 08/15/2025, with sale planned via Morgan Stanley Smith Barney LLC on 08/20/2025 and an aggregate market value of $126,886.81. The filing also documents prior 10b5-1 sales by Susan Wiseman of 4,786 shares on 07/14/2025 yielding $129,626.90. The filer makes the standard representation about lacking undisclosed material adverse information. The disclosure is consistent with required insider reporting and indicates use of an institutional broker and a Rule 10b5-1 framework for at least some transactions.

Corporate Governance Expert

TL;DR Compliance-focused filing showing disposition of RSUs and prior 10b5-1 sales; no new governance issues disclosed.

The notice documents the sale mechanics for 4,943 RSUs acquired from the issuer on 08/15/2025 and slated for sale on 08/20/2025 through Morgan Stanley Smith Barney LLC. It separately lists 10b5-1 sales executed by Susan Wiseman on 07/14/2025. The remarks include the customary attestation regarding material nonpublic information and reference to plan adoption or instruction dates when relying on Rule 10b5-1. No additional governance disclosures or material exceptions are present in the filing text provided.

08/20/2025 - 04:21 PM

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	4943	126886.81	92589236	08/20/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/15/2025	Restricted Stock Units	Issuer			4943	08/15/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SUSAN WISEMAN 63 Madison Building 28 East 28th Street Floor 12 New York NY 10016	Common	07/14/2025	4786	129626.90

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Braze (BRZE) report in this Form 144?

The filing reports a proposed sale of 4,943 common shares (RSUs) via Morgan Stanley Smith Barney LLC on 08/20/2025 with an aggregate market value of $126,886.81.

When were the securities acquired and by what method?

The securities were acquired on 08/15/2025 as Restricted Stock Units from the issuer.

Were there any recent related insider sales disclosed?

Yes. The filing lists 10b5-1 sales by Susan Wiseman of 4,786 shares on 07/14/2025 for gross proceeds of $129,626.90.

Which broker is handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY 10004.

Does the filer attest to possession of material nonpublic information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.