Braze (BRZE) CBO Astha Malik executes 51,440-share 10b5-1 stock sale

Rhea-AI Filing Summary

Braze, Inc.’s Chief Business Officer, Astha Malik, reported two open-market sales of Class A Common Stock on July 15, 2026, totaling 51,440 shares, executed under a Rule 10b5-1 trading plan adopted on October 15, 2025. The reported weighted average prices were approximately $26.38 for 50,233 shares and $26.89 for 1,207 shares, with individual trade prices ranging between $25.85 and $27.00 per share. Following the respective transactions, direct holdings reported were 313,001 and 311,794 shares, and a footnote states that 272,742 of the reported shares are represented by restricted stock units and performance-based awards.

Insider Trade Summary 10b5-1

Net Seller: 51,440 shares ($1,357,603)

Net Sell 2 txns

Insider Malik Astha

Role Chief Business Officer

Sold 51,440 shs ($1.36M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	50,233	$26.38	$1.33M
Sale	Class A Common Stock	1,207	$26.89	$32K

Holdings After Transaction: Class A Common Stock — 313,001 shares (Direct)

Footnotes (1)

1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on October 15, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.85 to $26.84, inclusive. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range. Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.85 to $27.00, inclusive. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Key Figures

Total shares sold: 51,440 shares of Class A Common Stock Weighted average sale price (50,233 shares): $26.38 per share Weighted average sale price (1,207 shares): $26.89 per share +5 more

8 metrics

Total shares sold 51,440 shares of Class A Common Stock Open-market sales on July 15, 2026 by the Chief Business Officer

Weighted average sale price (50,233 shares) $26.38 per share Weighted average price for 50,233 shares sold on July 15, 2026

Weighted average sale price (1,207 shares) $26.89 per share Weighted average price for 1,207 shares sold on July 15, 2026

Price range 1 $25.85–$26.84 per share Range of individual trade prices for one sale batch

Price range 2 $26.85–$27.00 per share Range of individual trade prices for the other sale batch

Shares represented by RSUs and performance-based awards 272,742 shares Portion of reported holdings represented by restricted stock units and performance-based awards

Post-sale holdings (higher figure) 313,001 shares Direct Class A holdings reported following one of the sales

Post-sale holdings (lower figure) 311,794 shares Direct Class A holdings reported following the other sale

Key Terms

Rule 10b5-1 trading plan, weighted average price, restricted stock units

3 terms

Rule 10b5-1 trading plan regulatory

"Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on October 15, 2025."

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

"Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 05:30 PM Accepted by SEC EDGAR 07/16/2026 - 05:29 PM Learn about SEC filing dates

FAQ

What did Braze (BRZE) executive Astha Malik report in this Form 4?

Astha Malik, Braze’s Chief Business Officer, reported two open-market sales of 51,440 Class A shares on July 15, 2026. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 15, 2025.

How many Braze (BRZE) shares did Astha Malik sell and at what prices?

Malik sold a total of 51,440 shares of Braze Class A Common Stock. The weighted average prices were about $26.38 for 50,233 shares and $26.89 for 1,207 shares, with individual trade prices ranging from $25.85 to $27.00.

How many Braze (BRZE) shares does Astha Malik hold after the reported sales?

The Form reports direct ownership of 313,001 and 311,794 Class A shares following the respective sales. A footnote adds that 272,742 of the reported shares are represented by restricted stock units and performance-based equity awards.

Were Astha Malik’s Braze (BRZE) share sales discretionary or pre-planned?

The sales were conducted under a Rule 10b5-1 trading plan adopted on October 15, 2025. Such plans pre-schedule trades, meaning execution timing is automatic and not based on real-time market or company developments by the insider.

What price ranges did the Braze (BRZE) shares sell within on July 15, 2026?

The filing notes that the reported weighted average prices reflect multiple trades in ranges of $25.85–$26.84 and $26.85–$27.00 per share. Malik undertakes to provide detailed trade breakdowns upon request to regulators or shareholders.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malik Astha

(Last) (First) (Middle)

C/O BRAZE, INC., 63 MADISON BUILDING

28 E. 28TH ST., FLOOR 12 MAILROOM

(Street)

NEW YORK NEW YORK 10016

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Braze, Inc. [ BRZE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/15/2026		S(1)		50,233	D	$26.38(2)	313,001(3)	D
Class A Common Stock	07/15/2026		S(1)		1,207	D	$26.89(4)	311,794(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on October 15, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.85 to $26.84, inclusive. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

3. Of the reported shares, 272,742 shares are represented by restricted stock units and performance-based

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.85 to $27.00, inclusive. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Remarks:

	/s/ Nathan Jeffries, Attorney-in-Fact	07/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)