Braze (BRZE) CBO receives multi-year PSU and RSU stock awards

Rhea-AI Filing Summary

Malik Astha reported acquisition or exercise transactions in this Form 4 filing.

Braze, Inc. reported that Chief Business Officer Astha Malik received two stock awards of Class A common stock as compensation. One award of 70,660 shares represents performance-based restricted stock units (PSUs) earned after pre-set performance goals were certified on March 18, 2026. Another award of 117,548 shares is in the form of time-based restricted stock units (RSUs). Both awards vest over multiple years starting on May 15, 2026, and require continued service, with the RSUs also subject to a two-year post-vest holding requirement. Following these grants, Malik directly holds 393,497 shares, of which 332,215 are RSUs and PSUs.

Insider Trade Summary

Net Buyer: 188,208 shares

Net Buy 2 txns

Insider Malik Astha

Role Chief Business Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	70,660	$0.00	$0.00
Grant/Award	Class A Common Stock	117,548	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 393,497 shares (Direct)

Footnotes (3)

1. F1. Shares represent a performance-based restricted stock unit ("PSU") award earned based on the achievement of pre-established performance goals. The Compensation Committee certified the performance conditions were achieved on March 18, 2026. One-third of the PSUs will vest on May 15, 2026. The remaining two-thirds will then vest in eight equal quarterly installments over the following two years. The vesting of the PSUs are subject to the Reporting Person's continuous service through such vesting date.
2. F2. Of the reported shares, 332,215 shares are represented by restricted stock units and PSUs.
3. F3. These shares represent a restricted stock unit ("RSU") award, which shall vest in 12 equal quarterly installments with the first vesting date being May 15, 2026. The vesting of the RSUs are subject to the Reporting Person's continuous service through such vesting date and a two-year-post-vest holding requirement.

FAQ

What did Braze (BRZE) disclose in the latest Form 4 for Astha Malik?

Braze reported that Chief Business Officer Astha Malik received two stock awards of Class A common stock. These consist of performance-based PSUs and time-based RSUs, both vesting over several years and tied to her continued service with the company.

How many Braze (BRZE) shares were granted to Astha Malik in this Form 4?

Astha Malik was granted 70,660 PSUs and 117,548 RSUs of Braze Class A common stock at no purchase price. These awards increase her direct holdings and are designed as equity compensation, subject to multi-year vesting schedules and service conditions.

What are the vesting terms for Astha Malik’s PSUs reported by Braze (BRZE)?

The 70,660 PSUs were earned after performance goals were certified on March 18, 2026. One-third vests on May 15, 2026, and the remaining two-thirds vest in eight equal quarterly installments over two years, contingent on her continued service with Braze.

How do the RSUs granted to Astha Malik by Braze (BRZE) vest and what restrictions apply?

The 117,548 RSUs vest in 12 equal quarterly installments starting May 15, 2026, subject to Malik’s continuous service. In addition, these RSUs carry a two-year post-vest holding requirement, meaning she must hold the vested shares for two years after each vesting date.

How many Braze (BRZE) shares does Astha Malik hold after these awards?

After the reported grants, Astha Malik directly holds 393,497 Braze Class A shares. Of this amount, 332,215 shares are represented by restricted stock units and PSUs, reflecting a significant portion of her ownership tied to continued service and vesting.

Are the Braze (BRZE) Form 4 transactions open-market purchases or compensation grants?

The Form 4 shows compensation-related grants, not open-market trades. Both transactions use code “A,” indicating awards of PSUs and RSUs at a price of $0.00 per share, aligning them with equity-based executive compensation rather than discretionary market buying or selling.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/20/2026 - 06:32 PM 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 Astha

(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 Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		A		70,660(1)	A	$0	275,949(2)	D
Class A Common Stock	03/18/2026		A		117,548(3)	A	$0	393,497(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. Shares represent a performance-based restricted stock unit ("PSU") award earned based on the achievement of pre-established performance goals. The Compensation Committee certified the performance conditions were achieved on March 18, 2026. One-third of the PSUs will vest on May 15, 2026. The remaining two-thirds will then vest in eight equal quarterly installments over the following two years. The vesting of the PSUs are subject to the Reporting Person's continuous service through such vesting date.

2. Of the reported shares, 332,215 shares are represented by restricted stock units and PSUs.

3. These shares represent a restricted stock unit ("RSU") award, which shall vest in 12 equal quarterly installments with the first vesting date being May 15, 2026. The vesting of the RSUs are subject to the Reporting Person's continuous service through such vesting date and a two-year-post-vest holding requirement.

Remarks:

	/s/ Nathan Jeffries, Attorney-in-Fact	03/20/2026
	** 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)