Braze (BRZE) CTO Jonathan Hyman sells 35,000 shares via 10b5-1 plan
Rhea-AI Filing Summary
Braze, Inc. Chief Technology Officer Jonathan Hyman reported selling 35,000 shares of Class A common stock on August 13, 2026 at a weighted average price of $30.03 per share, with individual trades ranging from $30.00 to $30.06. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026. Following this sale, Hyman directly holds 1,220,416 shares, of which 215,719 shares are represented by restricted stock units and performance-based restricted stock units, and he also has indirect holdings through a personal trust and a family trust over which he shares voting and investment control.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 35,000 shares
Net Sell
4 txns
Insider
Hyman Jonathan
Role
Chief Technology Officer
Sold
35,000 shs ($1.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 35,000 | $30.03 | $1.05M |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,220,416 shares (Direct);
Class A Common Stock — 600,000 shares (Indirect, See footnote)
Footnotes (5)
- F1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.06 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. Of the reported shares, 215,719 shares are represented by restricted stock units and performance-based restricted stock units.
- F4. The securities are held by a personal trust. The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares.
- F5. 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.
Key Figures
Shares sold: 35,000 shares
Weighted average sale price: $30.03 per share
Sale price range: $30.00 to $30.06 per share
+3 more
6 metrics
Shares sold
35,000 shares
Class A common stock sold on August 13, 2026
Weighted average sale price
$30.03 per share
Aggregate sale price for 35,000 shares
Sale price range
$30.00 to $30.06 per share
Range of prices for multiple sale transactions
Direct holdings after sale
1,220,416 shares
Class A common stock directly held following the transaction
RSUs and PRSUs included in holdings
215,719 shares
Portion of post-transaction holdings represented by RSUs and PRSUs
Net shares sold
35,000 shares
Net buy/sell direction for reported non-derivative transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, performance-based restricted stock units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"215,719 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
"215,719 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.
beneficially own regulatory
"The Reporting Person shares voting and investment control of the shares and may be deemed to beneficially own the shares."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
FAQ
What did Braze (BRZE) CTO Jonathan Hyman report in this Form 4?
Jonathan Hyman reported a sale of 35,000 shares of Braze Class A common stock on August 13, 2026, executed at a weighted average price of $30.03 per share, under a pre-arranged Rule 10b5-1 trading plan.
Was the Braze (BRZE) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 states the 35,000-share sale was made pursuant to a Rule 10b5-1 trading plan that Jonathan Hyman adopted on April 14, 2026, indicating the trades were pre-arranged.
AI-generated analysis. How Rhea-AI works. Not financial advice.
