Braze (BRZE) CFO Winkles converts Class B stock options into Class A awards
Rhea-AI Filing Summary
Braze, Inc. Chief Financial Officer Isabelle Winkles reported administrative option adjustments following a share class conversion. Effective January 30, 2026, all outstanding Class B common stock automatically converted into Class A common stock under Braze’s amended and restated certificate of incorporation.
On the same date, each outstanding stock option to purchase Class B shares under the 2011 Equity Incentive Plan was automatically converted into an option to purchase the same number of Class A shares, with exercise prices and expiration dates unchanged. The filing lists multiple stock option grants with exercise prices of $4.88 and $35.01 and expirations in 2030 and 2031, some fully vested and others continuing to vest over time.
Positive
- None.
Negative
- None.
Insights
Mechanical share class and option conversion with no change in economics.
Braze’s amended and restated charter triggered an automatic conversion of all Class B common stock into Class A common stock on January 30, 2026. Isabelle Winkles’ Form 4 reflects corresponding conversions of existing stock options from Class B to Class A.
The option grants retain their original exercise prices of $4.88 and $35.01 and their original expiration dates in 2030 and 2031. Footnotes clarify that one award is fully vested while another continues to vest monthly after an initial vesting on August 1, 2023.
This event is administrative rather than economic: the number of underlying shares per option is unchanged, and there is no reported sale, purchase, or repricing. Future equity disclosures in company filings will show Class A options only, aligning compensation instruments with the single share class structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Option (Right to Buy) | 36,281 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 36,281 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 120,000 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 120,000 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 40,000 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 40,000 | $0.00 | -- |
Footnotes (1)
- Effective January 30, 2026, per the amended and restated certificate of incorporation, all outstanding shares of the Issuer's Class B common stock automatically converted into shares of Issuer's Class A common stock without any actions of the holder (the "Conversion"). At the time of the Conversion, each outstanding option to purchase shares of the Issuer's Class B common stock issued pursuant to the Issuer's Amended and Restated 2011 Equity Incentive Plan was automatically converted into an option to purchase the same number of shares of the Issuer's Class A common stock. Otherwise, the terms of each such option remained unchanged. This award is fully vested. One fourth (1/4th) of the shares subject to the option award shall vest on August 1, 2023, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.
