Braze counsel has 10,951 shares withheld for taxes
Braze, Inc. General Counsel Susan Wiseman reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Braze, Inc. General Counsel Susan Wiseman reported a tax-related share disposition. On the vesting and settlement of equity awards, 10,951 shares of Class A Common Stock were withheld at a value of $20.87 per share to cover tax withholding obligations. This was not an open-market sale. After this withholding, she directly holds 198,473 shares of Braze stock, including 82,069 shares represented by restricted stock units and performance-based restricted stock units.
Insider Trade Summary
Exercise Price or Tax Liability: 10,951 shares
Exercise Price or Tax Liability
1 txn
Insider
Wiseman Susan
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 10,951 | $20.87 | $229K |
Holdings After Transaction:
Class A Common Stock — 198,473 shares (Direct)
Footnotes (2)
- 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, 82,069 shares are represented by restricted stock units and performance-based restricted stock units.
Key Figures
Shares withheld for taxes: 10,951 shares
Per-share value for withholding: $20.87 per share
Shares held after transaction: 198,473 shares
+1 more
4 metrics
Shares withheld for taxes
10,951 shares
Tax-withholding disposition on equity award vesting
Per-share value for withholding
$20.87 per share
Value used for tax-withholding shares
Shares held after transaction
198,473 shares
Direct Class A holdings following withholding
RSUs and performance-based RSUs
82,069 shares
Portion of holdings represented by RSUs and PRSUs
Key Terms
tax withholding obligations, equity awards, restricted stock units, performance-based restricted stock units, +1 more
5 terms
tax withholding obligations financial
"Represents shares withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement"
equity awards financial
"withheld to satisfy the reporting person's tax withholding obligations upon vesting and settlement of the underlying equity awards"
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
restricted stock units financial
"Of the reported shares, 82,069 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
"82,069 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 disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Braze (BRZE) report for Susan Wiseman?
Braze General Counsel Susan Wiseman reported a tax-withholding disposition of 10,951 Class A shares. The shares were withheld to satisfy tax obligations triggered by vesting of equity awards and were not sold in the open market.
Was the Braze (BRZE) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 10,951 shares of Class A Common Stock were withheld by Braze to cover Susan Wiseman’s tax obligations when her equity awards vested and settled, rather than being sold to outside investors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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