Braze (NASDAQ: BRZE) CTO executes 7,391-share tax sell-to-cover transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Braze, Inc. Chief Technology Officer Jonathan Hyman reported an open-market sale of 7,391 shares of Class A common stock on February 18, 2026 at an average price of $16.93 per share. According to a footnote, this sale was carried out under a non-discretionary sell-to-cover program to satisfy tax withholding obligations from vesting restricted stock units.
After this transaction, Hyman directly held 1,692,933 shares of Class A common stock, and a footnote states that 112,571 of the reported shares are represented by restricted stock units. Additional indirect holdings of 28,564 and 71,436 shares are held through a family trust, where he shares voting and investment control.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,391 shares ($125,130)
Net Sell
3 txns
Insider
Hyman Jonathan
Role
Chief Technology Officer
Sold
7,391 shs ($125K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,391 | $16.93 | $125K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,692,933 shares (Direct);
Class A Common Stock — 28,564 shares (Indirect, See footnote)
Footnotes (1)
- This transaction was effected in accordance with a non-discretionary sell-to-cover program implemented by the Issuer, effective November 16, 2021 and last modified April 30, 2023, to satisfy tax withholding obligations arising in connection with the vesting of the Reporting Person's restricted stock units. Of the reported shares, 112,571 shares are represented by restricted stock units. 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.
FAQ
What did Braze (BRZE) CTO Jonathan Hyman report in this Form 4?
Braze CTO Jonathan Hyman reported selling 7,391 shares of Class A common stock at $16.93 per share. The sale was under a non-discretionary sell-to-cover program to cover tax withholding from vesting restricted stock units, not a discretionary portfolio trade.
How are Jonathan Hyman’s indirect Braze (BRZE) holdings structured?
Jonathan Hyman’s indirect Braze holdings, totaling 28,564 and 71,436 shares, are held by a family trust. A footnote states he shares voting and investment control over these shares and may be deemed to beneficially own them, reflecting a shared control structure rather than sole ownership.
What does the Form 4 say about Jonathan Hyman’s restricted stock units at Braze (BRZE)?
A footnote explains that 112,571 of the reported Braze shares are represented by restricted stock units. These units typically convert into shares upon vesting, and the associated tax withholding obligations prompted the non-discretionary sell-to-cover transaction disclosed in this Form 4 filing.