Braze (BRZE) CEO converts 3.82M Class B shares into Class A stock
Rhea-AI Filing Summary
Braze, Inc.’s CEO William Magnuson reported a share-class conversion and related option adjustments, not an open‑market trade. On January 30, 2026, 3,822,765 shares of Class B common stock automatically converted into the same number of Class A shares at $0 per share under Braze’s amended and restated certificate of incorporation.
Following this, Magnuson directly beneficially owned 4,517,511 Class A shares, including 372,046 shares represented by restricted stock units, plus 470 Class A shares held indirectly through a limited liability company in which he is a member and shares voting and investment control. Existing stock options for Class B shares—covering 51,658, 750,000, and 450,000 shares at exercise prices of $3.46 and $35.01—were automatically converted into options for the same number of Class A shares on the same date, with terms otherwise unchanged and the reported awards fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 3,822,765 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 51,658 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 51,658 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 750,000 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 750,000 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 450,000 | $0.00 | -- |
| Other | Stock Option (Right to Buy) | 450,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 3,822,765 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Effective January 30, 2026, per the amended and restated certificate of incorporation, all outstanding shares of the Issuer's Class B common stock automatically converted into shares of Issuer's Class A common stock without any actions of the holder (the "Conversion"). Of the reported shares, 372,046 shares are represented by restricted stock units. The securities are held by a limited liability company in which the reporting person is a member. The reporting person shares voting and investment control of the shares and may be deemed to beneficially own the shares. At the time of the Conversion described in footnote (1), each outstanding option to purchase shares of the Issuer's Class B common stock issued pursuant to the Issuer's Amended and Restated 2011 Equity Incentive Plan was automatically converted into an option to purchase the same number of shares of the Issuer's Class A common stock. Otherwise, the terms of each such option remained unchanged. This award is fully vested.
