Braze (NASDAQ: BRZE) CTO sells 10,000 shares in plan trade
Rhea-AI Filing Summary
Braze, Inc. (BRZE) Chief Technology Officer Jonathan Hyman reported selling 10,000 shares of Class A Common Stock on 2026-08-24 at a weighted average price of $31.04 per share, in multiple trades between $30.66 and $31.64, pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026. Following the sale, he reported 1,185,219 shares held directly, of which 225,596 are represented by restricted stock units and performance-based restricted stock units, plus additional indirect holdings through personal and family trusts over which he shares voting and investment control.
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
4 txns
Insider
Hyman Jonathan
Role
Chief Technology Officer
Sold
10,000 shs ($310K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 10,000 | $31.04 | $310K |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,185,219 shares (Direct);
Class A Common Stock — 600,000 shares (Indirect, See footnote)
Footnotes (5)
- F1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.66 to $31.64 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. Of the reported shares, 225,596 shares are represented by restricted stock units and performance-based restricted stock units.
- 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.
- F5. 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.
Key Figures
Shares sold: 10,000 shares of Class A Common Stock
Weighted average sale price: $31.04 per share
Price range of sales: $30.66–$31.64 per share
+2 more
5 metrics
Shares sold
10,000 shares of Class A Common Stock
Sale on 2026-08-24 by CTO Jonathan Hyman
Weighted average sale price
$31.04 per share
Shares sold in multiple transactions between $30.66 and $31.64
Price range of sales
$30.66–$31.64 per share
Range of individual trade prices on 2026-08-24
Direct holdings after transaction
1,185,219 shares
Direct Class A Common Stock held by Jonathan Hyman following the sale
RSUs and performance-based RSUs
225,596 shares
Portion of direct holdings represented by restricted stock units and performance-based restricted stock units
Key Terms
Rule 10b5-1 trading plan, restricted stock units, performance-based restricted stock units, beneficially own
4 terms
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"225,596 shares are represented by restricted stock units and performance"
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
"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.
beneficially own financial
"may be deemed to beneficially own the shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
FAQ
What insider transaction did BRZE CTO Jonathan Hyman report on this Form 4?
He reported selling 10,000 shares of Braze, Inc. Class A Common Stock on 2026-08-24 at a weighted average price of $31.04 per share, with individual trades executed between $30.66 and $31.64 per share.
Was the BRZE insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the 10,000-share sale by Jonathan Hyman was made pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026.
What portion of Jonathan Hyman’s BRZE holdings are RSUs or performance RSUs?
Of his reported direct holdings, 225,596 shares are represented by restricted stock units and performance-based restricted stock units, as disclosed in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
