Braze CBO sells 14,049 shares in tax RSU sale
Braze, Inc. Chief Business Officer Astha Malik reported an open-market sale of 14,049 shares of Class A Common Stock at $16.93 per share.
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Rhea-AI Filing Summary
Braze, Inc. Chief Business Officer Astha Malik reported an open-market sale of 14,049 shares of Class A Common Stock at $16.93 per share. The transaction was executed under a non-discretionary sell-to-cover program used to satisfy tax withholding obligations from vesting restricted stock units.
Following this tax-related sale, Malik directly holds 205,289 shares of Class A Common Stock. Of these, 144,007 shares are represented by restricted stock units, which typically convert into shares as they vest over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 14,049 | $16.93 | $238K |
Footnotes (2)
- F1. This transaction was effected in accordance with a non-discretionary sell-to-cover program implemented by the Issuer, effective November 16, 2021, to satisfy tax withholding obligations arising in connection with the vesting of the Reporting Person's restricted stock units.
- F2. Of the reported shares, 144,007 shares are represented by restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Braze (BRZE) executive Astha Malik report on this Form 4?
Was Astha Malik’s Braze (BRZE) stock sale a discretionary transaction?
What is the purpose of the sell-to-cover program mentioned in the Braze (BRZE) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.