Braze CBO sells shares under 10b5-1 plan

Braze, Inc. Chief Business Officer Astha Malik reported the sale of 33,656 shares of Class A common stock on August 10, 2026 at a weighted average price of $27.65 per share, with individual trades between $27.60 and $27.83.

Rhea-AI Filing Summary

Braze, Inc. Chief Business Officer Astha Malik reported the sale of 33,656 shares of Class A common stock on August 10, 2026 at a weighted average price of $27.65 per share, with individual trades between $27.60 and $27.83. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2026. After this transaction, Malik holds 278,138 shares, including 272,742 shares represented by restricted stock units and performance-based awards.

Insider Trade Summary 10b5-1

Net Seller: 33,656 shares

Net Sell 1 txn

Insider Malik Astha

Role Chief Business Officer

Sold 33,656 shs ($931K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2, F3	33,656	$27.65	$931K

Holdings After Transaction: Class A Common Stock — 278,138 shares (Direct)

Footnotes (3)

1. F1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2026.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.60 to $27.83 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. F3. Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based.

Key Figures

Shares sold: 33,656 shares Weighted average sale price: $27.65 per share Shares held after sale: 278,138 shares +2 more

5 metrics

Shares sold 33,656 shares Class A common stock sold on August 10, 2026

Weighted average sale price $27.65 per share Sales executed between $27.60 and $27.83 per share

Shares held after sale 278,138 shares Direct Class A common stock ownership following the transaction

RSU and performance-based awards 272,742 shares Portion of post-transaction holdings represented by RSUs and performance-based awards

Rule 10b5-1 plan adoption date April 15, 2026 Trading plan governing the reported sale

Key Terms

Rule 10b5-1 trading plan, restricted stock units, weighted average price, performance-based

4 terms

Rule 10b5-1 trading plan regulatory

"Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2026"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

performance-based financial

"272,742 shares are represented by restricted stock units and performance-based"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Braze (BRZE) executive Astha Malik report in this Form 4?

Astha Malik, Chief Business Officer of Braze, Inc., reported a sale of 33,656 shares of Class A common stock on August 10, 2026 at a weighted average price of $27.65 per share.

Was the Braze (BRZE) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2026, indicating the transactions followed a pre-arranged trading schedule.

How many Braze (BRZE) shares did Astha Malik sell and at what price range?

Astha Malik sold 33,656 shares of Braze Class A common stock at prices ranging from $27.60 to $27.83 per share, with the reported weighted average price of $27.65.

How many Braze (BRZE) shares does Astha Malik hold after this transaction?

Following the reported sale, Astha Malik holds 278,138 shares of Braze Class A common stock, of which 272,742 shares are represented by restricted stock units and performance-based awards.

What type of security did the Braze (BRZE) insider transaction involve?

The transaction involved Class A common stock of Braze, Inc. It was reported as a non-derivative transaction coded “S”, indicating a sale in an open-market or private transaction.

Is the reported Braze (BRZE) insider ownership direct or indirect?

The filing classifies the post-transaction ownership of 278,138 shares as direct. The transaction is not described as occurring through a trust or other indirect ownership vehicle.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 05:26 PM Accepted by SEC EDGAR 08/12/2026 - 05:25 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malik Astha

(Last) (First) (Middle)

C/O BRAZE, INC., 63 MADISON BUILDING

28 E. 28TH ST., FLOOR 12 MAILROOM

(Street)

NEW YORK NEW YORK 10016

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Braze, Inc. [ BRZE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/10/2026		S(1)		33,656	D	$27.65(2)	278,138(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2026.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.60 to $27.83 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based.

Remarks:

	/s/ Christopher M. Lal, Attorney-in-Fact	08/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)