Braze CBO reports tax withholding on vested shares

Braze, Inc. Chief Business Officer Astha Malik reported a tax-related share disposition tied to vesting equity awards.

Rhea-AI Filing Summary

Braze, Inc. Chief Business Officer Astha Malik reported a tax-related share disposition tied to vesting equity awards. On this Form 4, 30,263 shares of Class A Common Stock were withheld at $20.87 per share to satisfy tax withholding obligations when underlying equity awards vested and settled.

After this withholding, Malik directly holds 363,234 shares of Class A Common Stock, of which 272,742 shares are represented by restricted stock units and performance-based restricted stock units. This filing reflects a routine compensation and tax event rather than an open-market trade.

Insider Trade Summary

Exercise Price or Tax Liability: 30,263 shares

Exercise Price or Tax Liability 1 txn

Insider Malik Astha

Role Chief Business Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	30,263	$20.87	$632K

Holdings After Transaction: Class A Common Stock — 363,234 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards.
2. F2. Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based restricted stock units.

Key Figures

Shares withheld for taxes: 30,263 shares Withholding price per share: $20.87 per share Shares held after transaction: 363,234 shares +1 more

4 metrics

Shares withheld for taxes 30,263 shares Withheld to satisfy tax withholding obligations on vesting

Withholding price per share $20.87 per share Value used for tax-withholding share delivery

Shares held after transaction 363,234 shares Direct Class A Common Stock holdings following transaction

RSUs and performance-based RSUs 272,742 shares Portion of holdings represented by restricted and performance-based stock units

Key Terms

restricted stock units, performance-based restricted stock units, tax withholding obligations, Class A Common Stock

4 terms

restricted stock units financial

"Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based 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

"272,742 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.

tax withholding obligations financial

"Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards."

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

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

What insider transaction did Braze (BRZE) report for Astha Malik?

Astha Malik reported a tax-related share disposition. Braze’s Chief Business Officer had 30,263 Class A shares withheld to cover tax obligations upon vesting and settlement of equity awards, a routine compensation-related event rather than an open-market trade.

How many Braze (BRZE) shares does Astha Malik hold after this Form 4?

After the transaction, Astha Malik holds 363,234 shares. This total includes Class A Common Stock directly held, with 272,742 shares represented by restricted stock units and performance-based restricted stock units reported in the Form 4 footnotes.

Was the Braze (BRZE) insider transaction a sale on the open market?

No, the Form 4 shows tax withholding, not an open-market sale. The 30,263 Class A shares were delivered to satisfy Astha Malik’s tax withholding obligations upon vesting and settlement of existing equity awards granted as compensation.

What does the tax withholding transaction mean for Braze (BRZE) shareholders?

The transaction reflects routine equity compensation mechanics. Shares were withheld to cover taxes when awards vested, leaving Astha Malik with 363,234 shares, including 272,742 in restricted and performance-based stock units, and does not indicate discretionary buying or selling.

What types of equity awards does Astha Malik hold in Braze (BRZE)?

Malik holds restricted and performance-based stock units. Footnotes state that 272,742 of the reported shares are represented by restricted stock units and performance-based restricted stock units, which vest over time and can settle in Braze Class A Common Stock.

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

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Accepted by SEC EDGAR 05/19/2026 - 04:38 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^*

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)
05/15/2026

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	05/15/2026		F		30,263(1)	D	$20.87	363,234(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. Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards.

2. Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based restricted stock units.

Remarks:

	/s/ Nathan Jeffries, Attorney-in-Fact	05/19/2026
	** 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)