Braze (BRZE) CBO sees 21K shares withheld to cover taxes

Rhea-AI Filing Summary

Braze, Inc. (BRZE) reported an insider equity-tax event by Chief Business Officer Astha Malik. Malik had 21,277 shares of Class A Common Stock withheld at $28.93 per share to satisfy tax withholding obligations upon vesting of equity awards, a non-market disposition. After this withholding, Malik directly holds 341,957 shares of Class A Common Stock, including 281,307 shares represented by restricted stock units and performance-based restricted stock units.

Insider Trade Summary

Net Seller: 21,277 shares

Net Sell 1 txn

Insider Malik Astha

Role Chief Business Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1, F2	21,277	$28.93	$616K

Holdings After Transaction: Class A Common Stock — 341,957 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards.
2. F2. Of the reported shares, 281,307 shares are represented by restricted stock units and performance-based restricted stock units.

Key Figures

Shares withheld for taxes: 21,277 shares Reference price per share: $28.93 per share Shares held after transaction: 341,957 shares +1 more

4 metrics

Shares withheld for taxes 21,277 shares Class A Common Stock withheld to satisfy tax withholding obligations

Reference price per share $28.93 per share Value used for tax-withholding disposition of 21,277 shares

Shares held after transaction 341,957 shares Direct holdings of Astha Malik following the tax-withholding event

RSUs and PRSUs included 281,307 shares Portion of post-transaction holdings represented by RSUs and performance-based RSUs

Key Terms

restricted stock units, performance-based restricted stock units, tax withholding obligations

3 terms

restricted stock units financial

"281,307 shares are represented by restricted stock units and performance-based restricted"

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

"281,307 shares are represented by restricted stock units and performance-based restricted"

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.

tax withholding obligations financial

"shares withheld to satisfy the reporting person's tax withholding obligations upon vesting"

FAQ

What transaction did Braze (BRZE) Chief Business Officer Astha Malik report on this Form 4?

Astha Malik reported 21,277 shares of Braze Class A Common Stock withheld to cover tax withholding obligations upon vesting of equity awards, at a reference price of $28.93 per share. This was a non-market, tax-related disposition rather than an open-market sale.

Did Astha Malik sell Braze (BRZE) shares in the open market in this Form 4?

No, the filing shows a Code F transaction, meaning 21,277 shares were withheld to pay tax liabilities on vesting equity awards. The shares were not sold in an open-market transaction but used to satisfy tax obligations to the company or tax authorities.

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

After the tax-withholding event, Astha Malik directly holds 341,957 Braze Class A Common shares. Of this amount, 281,307 shares are represented by restricted stock units and performance-based restricted stock units, reflecting a substantial remaining equity position in the company.

What price per share is associated with the withheld Braze (BRZE) shares on this Form 4?

The 21,277 withheld shares are reported at a reference value of $28.93 per share. This price is used to calculate the value of shares applied toward Malik’s tax withholding obligations tied to the vesting and settlement of equity awards.

What portion of Astha Malik’s Braze (BRZE) holdings are in RSUs and performance-based RSUs?

Of Malik’s total direct holding of 341,957 shares, 281,307 shares are represented by restricted stock units and performance-based restricted stock units. This indicates most of the reported position is in unvested or contingent equity awards rather than fully unrestricted shares.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 04:13 PM Accepted by SEC EDGAR 08/19/2026 - 04:13 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).

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)
08/17/2026

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	08/17/2026		F		21,277(1)	D	$28.93	341,957(2)	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. Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards.

2. Of the reported shares, 281,307 shares are represented by restricted stock units and performance-based restricted stock units.

Remarks:

	/s/ Elizabeth Sweeny, Attorney-in-Fact	08/19/2026
	** 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)