Family trust of Braze (BRZE) director converts 62,562 Class B shares to Class A
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Braze, Inc. reported an insider-related share conversion tied to director Tara Walpert Levy. On January 30, 2026, 62,562 shares of Class B common stock held through a family trust automatically converted into 62,562 shares of Class A common stock at a price of $0 per share under the company’s amended and restated certificate of incorporation.
The filing shows 62,562 Class A shares held indirectly via the family trust and 94,240 Class A shares held directly, of which 5,033 shares are restricted stock units. The reporting person shares voting and investment control over the trust holdings and disclaims beneficial ownership beyond her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
62,562 shares exercised/converted
Mixed
3 txns
Insider
Levy Tara Walpert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 62,562 | $0.00 | -- |
| Conversion | Class A Common Stock | 62,562 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 shares (Indirect, See footnote);
Class A Common Stock — 62,562 shares (Indirect, See footnote);
Class A Common Stock — 94,240 shares (Direct)
Footnotes (1)
- Effective January 30, 2026, per the amended and restated certificate of incorporation, all outstanding shares of the Issuer's Class B common stock automatically converted into shares of Issuer's Class A common stock without any actions of the holder. The securities are held by a family trust, of which the reporting person's spouse is the trustee. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of her proportionate pecuniary interest therein. Of the reported shares, 5,033 shares are represented by restricted stock units.
FAQ
What insider transaction did Braze (BRZE) disclose for Tara Walpert Levy?
Braze disclosed an automatic share-class conversion for a trust associated with director Tara Walpert Levy. On January 30, 2026, 62,562 Class B shares converted into 62,562 Class A shares at $0 per share, pursuant to Braze’s amended and restated certificate of incorporation.
What does the restricted stock unit disclosure mean for Braze (BRZE)?
The filing notes that 5,033 of the reported Class A shares are restricted stock units. RSUs represent a promise to deliver shares in the future, usually upon vesting, and highlight that a portion of reported holdings is tied to unvested equity awards rather than already-settled stock.