Braze CAO reports tax-withholding share disposition

Braze, Inc. Chief Accounting Officer Pankaj Malik reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Braze, Inc. Chief Accounting Officer Pankaj Malik reported a routine tax-related share disposition. A total of 2,121 shares of Class A common stock were withheld at $20.87 per share to cover tax obligations upon vesting of equity awards. After this withholding, Malik directly holds 88,856 shares, including 58,965 shares represented by restricted stock units.

Insider Trade Summary

Exercise Price or Tax Liability: 2,121 shares

Exercise Price or Tax Liability 1 txn

Insider Malik Pankaj

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	2,121	$20.87	$44K

Holdings After Transaction: Class A Common Stock — 88,856 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, 58,965 shares are represented by restricted stock units.

Key Figures

Shares withheld for taxes: 2,121 shares Tax withholding price: $20.87 per share Shares held after transaction: 88,856 shares +1 more

4 metrics

Shares withheld for taxes 2,121 shares Tax-withholding disposition on Class A common stock

Tax withholding price $20.87 per share Value used for 2,121 withheld shares

Shares held after transaction 88,856 shares Direct Class A holdings following withholding

Restricted stock units 58,965 shares Portion of holdings represented by RSUs

Key Terms

tax withholding obligations, equity awards, restricted stock units, Class A Common Stock

4 terms

tax withholding obligations financial

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

equity awards financial

"upon vesting and settlement of the underlying equity awards"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

restricted stock units financial

"Of the reported shares, 58,965 shares are represented by 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.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

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

What insider transaction did Braze (BRZE) report for Pankaj Malik?

Braze reported that Chief Accounting Officer Pankaj Malik had 2,121 Class A shares withheld to satisfy tax obligations tied to vesting equity awards. This was a tax-withholding disposition, not an open-market stock sale or purchase.

Was the Braze (BRZE) insider transaction a sale on the open market?

No, the transaction was not an open-market sale. The 2,121 shares were withheld by the company to cover Pankaj Malik’s tax obligations upon vesting of equity awards, a routine administrative event.

How many Braze (BRZE) shares does Pankaj Malik hold after the transaction?

After the tax-withholding disposition, Pankaj Malik directly holds 88,856 shares of Braze Class A common stock. This total includes shares represented by restricted stock units that remain subject to vesting conditions.

What price per share was used for the Braze (BRZE) tax withholding?

The tax-withholding disposition used a price of $20.87 per share for the 2,121 Braze Class A shares. This figure is used solely for tax and reporting purposes connected to the vesting of equity awards.

How many Braze (BRZE) restricted stock units does Pankaj Malik have?

Pankaj Malik has 58,965 shares represented by restricted stock units. These RSUs are part of his equity compensation and typically vest over time, subject to applicable service or performance conditions.

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

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Accepted by SEC EDGAR 05/19/2026 - 04:37 PM EDT 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 Pankaj

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		F		2,121(1)	D	$20.87	88,856(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, 58,965 shares are represented by restricted stock units.

Remarks:

	/s/ Nathan Jeffries, Attorney-in-Fact	05/19/2026
	** 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)