Braze (BRZE) CFO has 33,309 shares withheld for taxes on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Braze, Inc. Chief Financial Officer Isabelle Winkles reported a routine share disposition related to tax obligations. On the vesting and settlement of underlying equity awards, 33,309 shares of Class A common stock were withheld to satisfy her tax withholding liability, rather than being sold in the open market. After this withholding, she directly holds 429,209 shares of Braze stock, including 313,040 shares represented by restricted stock units and performance-based restricted stock units. This filing reflects a compensation- and tax-driven event, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Winkles Isabelle
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 33,309 | $20.87 | $695K |
Holdings After Transaction:
Class A Common Stock — 429,209 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards. Of the reported shares, 313,040 shares are represented by restricted stock units and performance-based restricted stock units.
Key Figures
Tax-withholding shares: 33,309 shares
Withholding price: $20.87 per share
Post-transaction holdings: 429,209 shares
+1 more
4 metrics
Tax-withholding shares
33,309 shares
Class A common stock withheld for tax obligations
Withholding price
$20.87 per share
Value used for tax-withholding disposition
Post-transaction holdings
429,209 shares
Shares directly owned after tax withholding
RSUs and performance RSUs
313,040 shares
Portion of holdings represented by equity awards
Key Terms
tax withholding obligations, restricted stock units, performance-based restricted stock units, tax-withholding disposition
4 terms
tax withholding obligations financial
"shares withheld to satisfy the reporting person's tax withholding obligations upon vesting"
restricted stock units financial
"Of the reported shares, 313,040 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.
performance-based restricted stock units financial
"313,040 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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Braze (BRZE) disclose for Isabelle Winkles?
Braze reported that CFO Isabelle Winkles had 33,309 Class A shares withheld to cover tax obligations on vesting equity awards. This was a tax-withholding disposition, not an open-market sale or purchase, and reflects routine handling of stock-based compensation.
Was the Braze (BRZE) CFO’s Form 4 transaction an open-market sale?
No, the filing describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover tax obligations triggered when her equity awards vested and settled, which is a common administrative feature of stock-based compensation plans.
What does the Form 4 tell investors about Braze (BRZE) executive compensation?
The Form 4 shows that Braze’s CFO receives a significant portion of compensation in equity awards, including restricted stock units and performance-based restricted stock units. The 33,309-share withholding occurred upon vesting, highlighting ongoing delivery of stock-based incentives tied to her role.