Braze CTO makes 1M-share Class A stock gifts
Braze, Inc. Chief Technology Officer Jonathan Hyman reported a series of bona fide gift transfers of a total of 1,000,000 shares of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Braze, Inc. Chief Technology Officer Jonathan Hyman reported a series of bona fide gift transfers of a total of 1,000,000 shares of Class A Common Stock. The gifts, made for estate planning purposes, were reported at a price of $0.00 per share and are explicitly described as gifts rather than sales of securities.
Some of the securities are held through family and personal trusts, where Hyman shares voting and investment control and may be deemed to beneficially own the shares. Following these transactions, he continues to hold 1,317,227 shares of Class A Common Stock directly, with additional beneficial ownership through the related trusts.
Insider Trade Summary
1,000,000 shares gifted
Gift
4 txns
Insider
Hyman Jonathan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 500,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 150,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 350,000 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,317,227 shares (Direct);
Class A Common Stock — 378,564 shares (Indirect, See footnote)
Footnotes (4)
- F1. Represents gifts of shares for estate planning purposes, and not the sale of securities.
- F2. Of the reported shares, 215,719 shares are represented by restricted stock units and performance-based restricted stock units.
- F3. The securities are held by a family trust. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares.
- F4. The securities are held by a personal trust. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares.
Key Figures
Gifted shares (first transaction): 350,000 shares
Gifted shares (second transaction): 150,000 shares
Gifted shares (direct holding): 500,000 shares
+3 more
6 metrics
Gifted shares (first transaction)
350,000 shares
Bona fide gift of Class A Common Stock, indirect ownership
Gifted shares (second transaction)
150,000 shares
Bona fide gift of Class A Common Stock, indirect ownership
Gifted shares (direct holding)
500,000 shares
Bona fide gift of Class A Common Stock, direct ownership
Total gifted shares
1,000,000 shares
Sum of bona fide gift transactions reported in the filing
Direct shares after gifts
1,317,227 shares
Class A Common Stock directly held following the reported gifts
RSUs and PRSUs included
215,719 shares
Restricted stock units and performance-based restricted stock units
Key Terms
bona fide gift, restricted stock units, performance-based restricted stock units, family trust, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"215,719 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.
performance-based restricted stock units financial
"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.
family trust financial
"The securities are held by a family trust. The Reporting Person shares"
personal trust financial
"The securities are held by a personal trust. The Reporting Person shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Braze (BRZE) CTO Jonathan Hyman report in this Form 4?
Braze CTO Jonathan Hyman reported bona fide gifts totaling 1,000,000 shares of Class A Common Stock. These transfers were for estate planning purposes and explicitly characterized as gifts rather than market sales, meaning they did not involve selling shares in the open market.
Were Jonathan Hyman’s Braze (BRZE) transactions open-market sales?
No. The filing states the transactions represent gifts for estate planning purposes and are not the sale of securities. As bona fide gifts, they do not reflect open-market selling activity or a change in position driven by trading decisions.
How are trusts involved in Jonathan Hyman’s Braze (BRZE) holdings?
Some Braze shares are held by a family trust and a personal trust. The filing explains that Jonathan Hyman shares voting and investment control over these trust-held shares and may be deemed to beneficially own them, in addition to his directly held shares.
What restricted stock units are included in Jonathan Hyman’s Braze (BRZE) position?
The filing notes that 215,719 shares of Jonathan Hyman’s reported holdings are represented by restricted stock units and performance-based restricted stock units. These awards typically vest over time or upon meeting performance conditions, adding to his equity-based compensation exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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