BRZE Form 4: Jonathan Hyman’s 116,879-Share Option Fully Vested
Rhea-AI Filing Summary
Braze, Inc. (BRZE) Form 4: Jonathan Hyman, Chief Technology Officer and director, reported transactions dated 08/15/2025. A stock option with exercise price $3.46 covering 116,879 shares became fully vested and exercisable on 08/15/2025. Following the reported transactions, the filing shows 1,522,879 shares of Class A common stock beneficially owned by Mr. Hyman directly and 116,879 underlying shares associated with the vested option. Additionally, Mr. Hyman discloses indirect beneficial ownership of 53,564 and 28,564 Class A shares held by a family trust where his spouse is trustee.
Positive
- Fully vested award: A stock option covering 116,879 shares is stated to be fully vested.
- Low exercise price disclosed: The option exercise price is $3.46.
- Substantial beneficial ownership: The filing shows 1,522,879 Class A shares beneficially owned following the transaction.
- Transparent trust disclosure: Indirect holdings of 53,564 and 28,564 Class A shares held in a family trust are explicitly disclosed with trustee identified.
Negative
- None.
Insights
TL;DR: Insider reported a fully vested option for 116,879 shares at $3.46; substantial total beneficial ownership is disclosed.
The Form 4 shows the CTO and director received vesting on a stock option award exercisable immediately at a nominal exercise price relative to typical market prices for public companies. The filing discloses both direct and indirect holdings, including shares held in a family trust where the reporting person shares voting and investment control. For investors, this documents insider alignment with shareholder outcomes but does not indicate any open-market sale or transfer of shares.
TL;DR: Governance disclosure is complete on beneficial ownership and conversion terms; trustee relationship is clearly disclosed.
The filing provides clear explanations of the Class B to Class A conversion rights and identifies the family trust arrangement, including the reporting person's limited disclaimer of beneficial ownership except for pecuniary interest. Signature and attorney-in-fact details are present. The Form 4 is a routine, compliant disclosure documenting executive equity interests rather than an operational development.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 116,879 | $0.00 | -- |
| Exercise | Class B Common Stock | 116,879 | $3.46 | $404K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- This award is fully vested. Each share of Class B Common Stock is convertible into one share of Class A Common Stock (A) at any time at the option of the Reporting Person or (B) automatically upon the occurrence of the following: (1) the transfer of such share of Class B Common Stock, except for certain transfers whereby the Reporting Person continues to hold sole voting and dispositive power with respect to each such share, (2) the death of a Class B common stockholder who is a natural person, (3) the last trading day of the fiscal quarter immediately following the fifth anniversary of the Issuer's initial public offering, (4) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B common stock and (5) the last trading day of the fiscal quarter during which the then outstanding shares of Class B Common Stock first represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock. The securities are held by a family trust, of which the reporting person's spouse is the trustee. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his proportionate pecuniary interest therein.
