[144] Braze, Inc. SEC Filing

Rhea-AI Filing Summary

Braze, Inc. (BRZE) Form 144 notifies the market that 4,174 common shares with an aggregate market value of $136,783.23 are proposed to be sold, with an approximate sale date of 09/18/2025. The broker is Morgan Stanley Smith Barney LLC. The shares were acquired on 05/15/2025 as 1,710 performance shares and 2,464 restricted stock, with payment noted as not applicable. The filing also discloses a prior sale by Pankaj Malik of 2,344 shares on 08/19/2025 for $60,806.06. The filer certifies no undisclosed material adverse information.

Positive

• Transparent disclosure of planned sale: 4,174 shares and aggregate market value $136,783.23
• Broker identified as Morgan Stanley Smith Barney LLC, providing a clear execution channel
• Acquisition details provided (dates and nature: performance shares and restricted stock)

Negative

• Recent insider selling activity: 2,344 shares sold on 08/19/2025 for $60,806.06 may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR Routine insider sale notice: 4,174 shares listed for sale with recent prior sale of 2,344 shares.

The Form 144 is a standard regulatory notice that an affiliate plans to sell 4,174 common shares (market value $136,783.23) via Morgan Stanley Smith Barney LLC with an approximate sale date of 09/18/2025. The securities were granted on 05/15/2025 as performance shares and restricted stock, indicating these are recent compensatory issuances being monetized. The prior sale by the same person on 08/19/2025 for $60,806.06 is disclosed, which is relevant for tracking insider disposition activity but does not by itself indicate a material change to company fundamentals.

Compliance/Risk Analyst

TL;DR Filing appears complete for Rule 144 notice; shows recent grants and subsequent disposition activity.

The notice includes required details: broker, share counts, acquisition dates, and past 3-month sales (2,344 shares on 08/19/2025). Acquisition types are listed as performance shares and restricted stock, and payment is recorded as not applicable, consistent with equity grants. The signer affirms no undisclosed material adverse information. No governance or regulatory exceptions are stated in the filing.

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	4174	136783.23	111267233	09/18/2025	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	05/15/2025	Performance Shares	Issuer			1710	05/15/2025	Not Applicable
Common	05/15/2025	Restricted Stock	Issuer			2464	05/15/2025	Not Applicable

* 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
PANKAJ MALIK 63 Madison Building 28 East 28th Street, Floor 12 New York NY 10016	Common	08/19/2025	2344	60806.06

144: Remarks and Signature

Remarks

Date of Notice

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

How many shares does the Form 144 for BRZE propose to sell?

The notice proposes to sell 4,174 common shares with an aggregate market value of $136,783.23.

Who is the broker handling the proposed sale in the BRZE Form 144?

The broker is listed as Morgan Stanley Smith Barney LLC located at 1 New York Plaza, New York, NY.

When were the shares to be sold acquired according to the filing?

The securities were acquired on 05/15/2025 as 1,710 performance shares and 2,464 restricted stock.

Did the filer sell any BRZE shares in the past three months?

Yes. The filing discloses a sale of 2,344 shares on 08/19/2025 for gross proceeds of $60,806.06 by Pankaj Malik.

What is the approximate date for the planned sale in the Form 144?

The approximate date of sale is listed as 09/18/2025.