Braze GC sells 35,000 shares in open-market trade

Braze, Inc. General Counsel Susan Wiseman reported an open-market sale of 35,000 shares of Class A common stock on April 9, 2026 at a weighted average price of $20.29 per share, with individual trades executed between $20.05 and $20.64.

Rhea-AI Filing Summary

Braze, Inc. General Counsel Susan Wiseman reported an open-market sale of 35,000 shares of Class A common stock on April 9, 2026 at a weighted average price of $20.29 per share, with individual trades executed between $20.05 and $20.64.

Following this transaction, she directly holds 209,424 shares of Braze stock, including 103,517 shares represented by restricted stock units and performance-based restricted stock units, indicating she retains a substantial equity stake after the sale.

Insider Trade Summary

Net Seller: 35,000 shares

Net Sell 1 txn

Insider Wiseman Susan

Role General Counsel

Sold 35,000 shs ($710K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	35,000	$20.29	$710K

Holdings After Transaction: Class A Common Stock — 209,424 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.05 to $20.64 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.
2. F2. Of the reported shares, 103,517 shares are represented by restricted stock units and performance-based restricted stock units.

Key Figures

Shares sold: 35,000 shares Weighted average sale price: $20.29 per share Shares held after transaction: 209,424 shares +1 more

4 metrics

Shares sold 35,000 shares Open-market sale of Class A common stock on April 9, 2026

Weighted average sale price $20.29 per share Multiple trades between $20.05 and $20.64

Shares held after transaction 209,424 shares Direct ownership following reported sale

RSU and performance RSU shares 103,517 shares Portion of post-transaction holdings in equity awards

Key Terms

weighted average price, restricted stock units, performance-based restricted stock units, open-market sale

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

restricted stock units financial

"Of the reported shares, 103,517 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

"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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Braze (BRZE) disclose for Susan Wiseman?

Braze disclosed that General Counsel Susan Wiseman sold 35,000 shares of Class A common stock. The sale occurred in the open market, reflecting a routine insider disposition rather than a compensation grant or option exercise.

At what prices did Susan Wiseman sell Braze (BRZE) shares?

Susan Wiseman’s Braze share sale had a weighted average price of $20.29 per share. The shares were sold in multiple transactions, with individual trade prices ranging from $20.05 to $20.64 inclusive, according to the Form 4 footnote.

How many Braze (BRZE) shares does Susan Wiseman hold after the sale?

After selling 35,000 shares, Susan Wiseman directly holds 209,424 Braze shares. This post-transaction position shows she continues to maintain a meaningful ownership stake in the company despite the open-market sale.

How many of Susan Wiseman’s Braze (BRZE) shares are RSUs or performance units?

Of Susan Wiseman’s reported holdings, 103,517 Braze shares are represented by restricted stock units and performance-based restricted stock units. These equity awards typically vest over time or upon meeting performance goals, aligning a portion of her stake with long-term company outcomes.

Was Susan Wiseman’s Braze (BRZE) transaction a market sale or option exercise?

The transaction was an open-market sale of existing Class A common stock, identified with code “S.” The Form 4 does not report any option exercises or derivative conversions, and there is no remaining derivative position listed in this filing.

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

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Accepted by SEC EDGAR 04/13/2026 - 04:45 PM EDT 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^*

Wiseman Susan

(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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

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	04/09/2026		S		35,000	D	$20.29(1)	209,424(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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.05 to $20.64 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.

2. Of the reported shares, 103,517 shares are represented by restricted stock units and performance-based restricted stock units.

Remarks:

	/s/ Nathan Jeffries, Attorney-in-Fact	04/13/2026
	** 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)