Braze CEO covers taxes with share withholding
Braze, Inc. CEO William Magnuson reported an administrative share disposition tied to equity vesting.
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Form Type
4
Rhea-AI Filing Summary
Braze, Inc. CEO William Magnuson reported an administrative share disposition tied to equity vesting. On the reported date, 70,837 shares of Class A Common Stock were withheld at $20.87 per share to cover his tax obligations upon vesting and settlement of equity awards, rather than sold on the open market.
After this tax-withholding event, he directly owns 4,890,781 shares of Class A Common Stock, of which 669,747 are in the form of restricted stock units and performance-based restricted stock units. An additional 470 shares are held indirectly through a limited liability company in which he is a member and shares voting and investment control.
Insider Trade Summary
Exercise Price or Tax Liability: 70,837 shares
Exercise Price or Tax Liability
2 txns
Insider
Magnuson William
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 70,837 | $20.87 | $1.48M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 4,890,781 shares (Direct);
Class A Common Stock — 470 shares (Indirect, See footnote)
Footnotes (3)
- F1. Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards.
- F2. Of the reported shares, 669,747 shares are represented by restricted stock units and performance-based restricted stock units.
- F3. The securities are held by a limited liability company in which the reporting person is a member. The reporting person shares voting and investment control of the shares and may be deemed to beneficially own the shares.
Key Figures
Tax-withheld shares: 70,837 shares
Withholding price: $20.87 per share
Direct holdings after transaction: 4,890,781 shares
+2 more
5 metrics
Tax-withheld shares
70,837 shares
Class A Common Stock withheld to cover tax obligations
Withholding price
$20.87 per share
Value used for tax-withholding disposition
Direct holdings after transaction
4,890,781 shares
Class A Common Stock held directly after tax withholding
RSUs and PRSUs within holdings
669,747 units
Restricted and performance-based restricted stock units included in reported holdings
Indirect LLC holdings
470 shares
Class A Common Stock held via a limited liability company
Key Terms
tax withholding obligations, restricted stock units, performance-based restricted stock units, beneficially own, +1 more
5 terms
tax withholding obligations financial
"Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement"
restricted stock units financial
"Of the reported shares, 669,747 shares are represented by restricted stock units and performance-based restricted stock units"
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.
performance-based restricted stock units financial
"669,747 shares are represented by restricted stock units and performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
beneficially own financial
"may be deemed to beneficially own the shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
limited liability company financial
"The securities are held by a limited liability company in which the reporting person is a member"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Braze (BRZE) CEO William Magnuson report?
William Magnuson reported a tax-related share disposition. Braze withheld 70,837 Class A shares at $20.87 per share to satisfy his tax obligations when equity awards vested, rather than executing an open-market sale.
What does the indirect ownership in a limited liability company mean for Braze (BRZE) CEO?
The filing notes 470 Class A shares are held by a limited liability company. William Magnuson is a member, shares voting and investment control over these shares, and may be deemed to beneficially own them through this entity structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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