Braze (BRZE) director Agrawal reports 500,000-share bona fide gift for estate planning
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Braze, Inc. director Neeraj Agrawal reported a bona fide gift of 500,000 shares of Class A Common Stock. The shares were transferred at a reported price of $0.0000 per share as part of estate planning and are described as gifts rather than a sale of securities.
After the transfer, an irrevocable GST trust, for which his spouse is a trustee, holds 388,123 Class A shares, with Agrawal disclaiming beneficial ownership except for his proportionate pecuniary interest. He also reports 194,769 Class A shares held directly and additional indirect holdings through various Battery Ventures and related investment entities, where he may share voting and dispositive power subject to similar pecuniary-interest disclaimers.
Positive
- None.
Negative
- None.
Insights
Filing shows a large, non-sale gift transfer with neutral market signal.
Neeraj Agrawal reported a 500,000-share bona fide gift of Braze Class A Common Stock, explicitly framed as an estate planning move and not a sale. The reported price of $0.0000 confirms there was no market consideration for this transfer.
The gifted shares are held by an irrevocable GST trust where his spouse is a trustee, and he disclaims beneficial ownership beyond pecuniary interest. Additional indirect positions are reported through multiple Battery Ventures funds, again with pecuniary-interest-only disclaimers. Overall, this is a non-market, restructuring-style change in how holdings are organized rather than a directional bet on Braze’s stock.
Insider Trade Summary
500,000 shares gifted
Mixed
9 txns
Insider
Agrawal Neeraj
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 500,000 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 388,123 shares (Indirect, By Trust);
Class A Common Stock — 194,769 shares (Direct, null)
Footnotes (1)
- Represents gifts of shares for estate planning purposes, and not the sale of securities. Securities are held by an irrevocable GST trust, of which the Reporting Person's spouse is a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein. Securities are held by Battery Investment Partners XI, LLC ("BIP XI"). The sole managing member of BIP XI is Battery Partners XI, LLC ("BP XI"). The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. Securities are held by Battery Ventures XI-A, L.P. ("BV XI-A"). The sole general partner of BV XI-A is BP XI. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. Securities are held by Battery Ventures XI-B, L.P. ("BV XI-B"). The sole general partner of BV XI-B is BP XI. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. Securities are held by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). The sole general partner of BV XI-A SF is Battery Partners XI Side Fund, LLC ("BP XI SF"). The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. Securities are held by Battery Ventures XI-B Side Fund, L.P. ("BV XI-B SF"). The sole general partner of BV XI-B SF is BP XI SF. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. Securities are held by Battery Investment Partners Select Fund I, L.P. ("BIP Select I"). The sole general partner of BIP Select I is Battery Partners Select Fund I GP, LLC ("BP Select I GP"). The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. Securities are held by Battery Ventures Select Fund I, L.P. ("BV Select I"). The sole general partner of BV Select I is Battery Partners Select Fund I, L.P. ("BP Select I"). The general partner of BP Select I is BP Select I GP. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over theses securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
Key Figures
Gifted shares: 500,000 shares
Gift price per share: $0.0000 per share
Trust holdings after gift: 388,123 shares
+4 more
7 metrics
Gifted shares
500,000 shares
Bona fide gift of Class A Common Stock
Gift price per share
$0.0000 per share
Reported consideration for gifted shares
Trust holdings after gift
388,123 shares
Class A shares held by irrevocable GST trust after transaction
Direct holdings
194,769 shares
Class A Common Stock held directly by reporting person
Indirect holdings via BV Select Fund I
2,537,467 shares
Class A shares held indirectly by Battery Ventures Select Fund I, L.P.
Indirect holdings via BV XI-A
714,569 shares
Class A shares held indirectly by Battery Ventures XI-A, L.P.
Indirect holdings via BV XI-A Side Fund
742,400 shares
Class A shares held indirectly by Battery Ventures XI-A Side Fund, L.P.
Key Terms
bona fide gift, irrevocable GST trust, pecuniary interest, voting and dispositive power, +1 more
5 terms
bona fide gift financial
"Represents gifts of shares for estate planning purposes, and not the sale of securities."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
irrevocable GST trust financial
"Securities are held by an irrevocable GST trust, of which the Reporting Person's spouse is a trustee."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein."
voting and dispositive power financial
"may be deemed to share voting and dispositive power over these securities."
indirect ownership financial
"Securities are held by Battery Investment Partners XI, LLC ("BIP XI")."
FAQ
What did Braze (BRZE) director Neeraj Agrawal report in this Form 4?
He reported a bona fide gift of 500,000 Braze Class A shares, transferred at a stated price of $0.0000 per share. The filing characterizes this as an estate planning transaction, not a sale of securities in the open market.
How are Battery Ventures entities involved in Neeraj Agrawal’s Braze (BRZE) holdings?
Several lines list indirect holdings through Battery Ventures funds and related entities, such as Battery Ventures Select Fund I, L.P. Footnotes state he may share voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest in these investment vehicles.
Does this Braze (BRZE) Form 4 indicate any option exercises or derivative positions for Neeraj Agrawal?
No option exercises or derivative positions are reported here. The derivative section is empty, and the only transaction with a share amount is the 500,000-share bona fide gift of Class A Common Stock, alongside multiple entries that simply restate post-transaction share holdings.