Braze, Inc. (BRZE) CTO sells 33,768 shares but retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Braze, Inc. Chief Technology Officer Jonathan Hyman reported open-market sales of 33,768 shares of Class A Common Stock on July 14–15, 2026 at prices including $25.39, $27.00 and a weighted-average $27.01, executed under a Rule 10b5-1 trading plan adopted April 14, 2026.
Following these transactions, he directly holds 1,283,459 shares, with additional indirect holdings in personal and family trusts over which he shares voting and investment control, and 215,719 shares represented by restricted stock units and performance-based restricted stock units.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 33,768 shares ($868,615)
Net Sell
6 txns
Insider
Hyman Jonathan
Role
Chief Technology Officer
Sold
33,768 shs ($869K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,472 | $27.00 | $67K |
| Sale | Class A Common Stock | 26,811 | $25.39 | $681K |
| Sale | Class A Common Stock | 4,485 | $27.01 | $121K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,283,459 shares (Direct);
Class A Common Stock — 350,000 shares (Indirect, See footnote)
Footnotes (1)
- Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026. Of the reported shares, 215,719 shares are represented by restricted stock units and performance-based restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.00 to $27.02 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. 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. 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: 33,768 shares
Sale price: $27.00 per share
Weighted-average sale price: $27.01 per share
+5 more
8 metrics
Shares sold
33,768 shares
Aggregate Class A Common Stock sold on July 14–15, 2026
Sale price
$27.00 per share
Open-market sale of 2,472 shares on July 15, 2026
Weighted-average sale price
$27.01 per share
Open-market sale of 4,485 shares with trades between $27.00 and $27.02
Sale price
$25.39 per share
Open-market sale of 26,811 shares on July 14, 2026
Post-transaction direct holdings
1,283,459 shares
Direct Class A Common Stock held after July 15, 2026 sale
RSU and PRSU-related shares
215,719 shares
Portion of reported holdings represented by RSUs and performance-based RSUs
Personal trust holdings
28,564 shares
Indirect Class A Common Stock held through a personal trust
Family trust holdings
221,436 and 350,000 shares
Indirect Class A Common Stock held through family trusts
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 on April 14, 2026."
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
"Of the reported shares, 215,719 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
"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.
beneficially own financial
"The Reporting Person shares voting and investment control of the shares and 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 stock sales did Braze (BRZE) report for CTO Jonathan Hyman?
Braze reported that CTO Jonathan Hyman sold 33,768 shares of Class A Common Stock on July 14–15, 2026. The open-market transactions occurred at prices including $25.39, $27.00 and a weighted-average $27.01, under a pre-arranged Rule 10b5-1 trading plan.
Were Jonathan Hyman’s Braze (BRZE) stock sales made under a Rule 10b5-1 plan?
Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026. Such pre-arranged plans automate trading and can reduce the informational value of transaction timing for outside investors.
How much of Jonathan Hyman’s Braze (BRZE) position consists of RSUs?
A footnote explains that 215,719 shares of his reported holdings are represented by restricted stock units and performance-based restricted stock units. These awards typically deliver shares over time, subject to service or performance-based vesting conditions.
How are Jonathan Hyman’s indirect Braze (BRZE) holdings structured?
Indirect holdings are reported through a personal trust and a family trust holding 28,564, 221,436 and 350,000 shares. Footnotes state he shares voting and investment control of these trust-held securities and may be deemed to beneficially own the shares.