Braze (BRZE) CEO has 46K shares withheld to cover taxes
Rhea-AI Filing Summary
Braze, Inc. (BRZE) reported that Chief Executive Officer William Magnuson had 46,421 shares of Class A Common Stock withheld on August 17, 2026 to satisfy tax withholding obligations upon vesting and settlement of equity awards, at a reference price of $28.93 per share. Following this tax-withholding disposition, he holds 4,844,360 Class A shares directly, including 711,753 shares represented by restricted stock units and performance-based restricted stock units, and 470 shares indirectly through a limited liability company over which he shares voting and investment control.
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Insights
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Insider Trade Summary
Net Seller: 46,421 shares
Net Sell
2 txns
Insider
Magnuson William
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 46,421 | $28.93 | $1.34M |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 4,844,360 shares (Direct);
Class A Common Stock — 470 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, 711,753 shares are represented by restricted stock units and performance-based restricted stock units.
- F3. The securities are held by a limited liability company in which the reporting person is a member. 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 tax: 46,421 shares
Reference price per share: $28.93
Direct holdings after transaction: 4,844,360 shares
+2 more
5 metrics
Shares withheld for tax
46,421 shares
Shares of Class A Common Stock delivered or withheld to satisfy tax obligations on 2026-08-17
Reference price per share
$28.93
Per-share value used for the 46,421 withheld shares
Direct holdings after transaction
4,844,360 shares
Total Class A Common Stock directly held by Magnuson following the tax-withholding transaction
RSUs and PRSUs included in direct holdings
711,753 shares
Portion of direct holdings represented by restricted stock units and performance-based restricted stock units
Indirect holdings
470 shares
Class A Common Stock held through a limited liability company with shared voting and investment control
Key Terms
restricted stock units, performance-based restricted stock units, tax withholding obligations, beneficially own
4 terms
restricted stock units financial
"711,753 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
"711,753 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
"shares withheld to satisfy the reporting person's tax withholding obligations upon vesting"
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
What did BRZE CEO William Magnuson report in this Form 4 transaction?
William Magnuson reported a withholding of 46,421 Braze (BRZE) shares of Class A Common Stock on August 17, 2026 to cover tax obligations from vesting equity awards. This was not an open-market sale but a tax-withholding disposition.
Was Magnuson’s BRZE Form 4 transaction an open-market sale or a tax withholding?
The transaction was a tax-withholding disposition, not an open-market sale. 46,421 shares were withheld to satisfy Magnuson’s tax withholding obligations that arose upon vesting and settlement of his underlying equity awards with Braze (BRZE).
AI-generated analysis. How Rhea-AI works. Not financial advice.
