Braze CTO has shares withheld for tax obligations
Braze, Inc. Chief Technology Officer Jonathan Hyman reported a routine tax-related share withholding.
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Form Type
4
Rhea-AI Filing Summary
Braze, Inc. Chief Technology Officer Jonathan Hyman reported a routine tax-related share withholding. On the vesting and settlement of equity awards, 21,402 shares of Class A Common Stock were withheld at $20.87 per share to satisfy tax withholding obligations. After this, he held 1,817,227 shares directly, including 215,719 shares represented by restricted stock units and performance-based restricted stock units, plus additional indirect holdings of 71,436 and 28,564 shares through a family trust where he shares voting and investment control.
Insider Trade Summary
Exercise Price or Tax Liability: 21,402 shares
Exercise Price or Tax Liability
3 txns
Insider
Hyman Jonathan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 21,402 | $20.87 | $447K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,817,227 shares (Direct);
Class A Common Stock — 100,000 shares (Indirect, See footnote)
Footnotes (3)
- F1. Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards.
- F2. Of the reported shares, 215,719 shares are represented by restricted stock units and performance-based restricted stock units.
- F3. 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 withheld for taxes: 21,402 shares
Withholding price: $20.87/share
Direct holdings after transaction: 1,817,227 shares
+3 more
6 metrics
Shares withheld for taxes
21,402 shares
Tax withholding disposition at $20.87 per share
Withholding price
$20.87/share
Price per share for tax withholding transaction
Direct holdings after transaction
1,817,227 shares
Direct Class A Common Stock owned after withholding
RSUs and PRSUs included
215,719 shares
Restricted stock units and performance-based RSUs within direct holdings
Indirect family trust holdings
71,436 shares
Class A shares held indirectly through family trust
Additional indirect holdings
28,564 shares
Additional Class A shares held indirectly through family trust
Key Terms
tax withholding obligations, restricted stock units, performance-based restricted stock units, family trust, +1 more
5 terms
tax withholding obligations financial
"Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting"
restricted stock units financial
"Of the reported shares, 215,719 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
"215,719 shares are represented by 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.
family trust financial
"The securities are held by a family trust. The Reporting Person shares voting and investment control"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Braze (BRZE) CTO Jonathan Hyman report in this Form 4?
Braze CTO Jonathan Hyman reported a routine tax-related share withholding. Shares were withheld when his equity awards vested, reflecting a non-market transaction to satisfy tax obligations rather than an open-market sale or purchase of Braze Class A Common Stock.
Does this Braze Form 4 show an open-market sale by the CTO?
The Form 4 does not show an open-market sale by the CTO. Instead, it records shares withheld to satisfy tax withholding obligations upon vesting of equity awards, a non-discretionary disposition distinct from selling shares on the open market.
What equity awards are referenced in Jonathan Hyman’s Braze holdings?
The filing notes that 215,719 of Jonathan Hyman’s reported Braze shares are represented by restricted stock units and performance-based restricted stock units. These awards vest over time or based on performance conditions and are part of his long-term equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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