Braze (NASDAQ: BRZE) CTO receives major RSU and PSU stock grants
Rhea-AI Filing Summary
Hyman Jonathan reported acquisition or exercise transactions in this Form 4 filing.
Braze, Inc. Chief Technology Officer Jonathan Hyman reported equity grants of Class A Common Stock as compensation. He received 56,066 performance-based restricted stock units that were earned after pre-established performance goals were certified on March 18, 2026. One-third of these PSUs will vest on May 15, 2026, with the remaining two-thirds vesting in eight equal quarterly installments over the following two years, subject to his continuous service.
He also received a separate award of 89,630 restricted stock units that will vest in 12 equal quarterly installments starting May 15, 2026, with a two-year post-vest holding requirement and continued service condition. After these awards, his directly held Class A shares totaled 1,838,629, including 258,267 shares represented by restricted stock units and PSUs. Additional indirect holdings of 71,436 and 28,564 Class A shares are held through a family trust, over which he shares voting and investment control.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 56,066 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 89,630 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Shares represent a performance-based restricted stock unit ("PSU") award earned based on the achievement of pre-established performance goals. The Compensation Committee certified the performance conditions were achieved on March 18, 2026. One-third of the PSUs will vest on May 15, 2026. The remaining two-thirds will then vest in eight equal quarterly installments over the following two years. The vesting of the PSUs are subject to the Reporting Person's continuous service through such vesting date. Of the reported shares, 258,267 shares are represented by restricted stock units and PSUs. These shares represent a restricted stock unit ("RSU") award, which shall vest in 12 equal quarterly installments with the first vesting date being May 15, 2026. The vesting of the RSUs are subject to the Reporting Person's continuous service through such vesting date and a two-year-post-vest holding requirement. 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.