Braze (NASDAQ: BRZE) counsel sells 9,930 shares in Rule 10b5-1 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Braze, Inc. General Counsel Susan Wiseman reported open-market sales of a total of 9,930 shares of Class A Common Stock. She sold 5,763 shares at $16.93 on February 18, 2026 and 4,167 shares at $17.03 on February 19, 2026.
Footnotes state these transactions were effected under a non-discretionary sell-to-cover program for tax withholding tied to vesting restricted stock units and pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2025. After these trades, she directly holds 209,864 shares, including 68,957 represented by restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,930 shares ($168,532)
Net Sell
2 txns
Insider
Wiseman Susan
Role
General Counsel
Sold
9,930 shs ($169K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,167 | $17.03 | $71K |
| Sale | Class A Common Stock | 5,763 | $16.93 | $98K |
Holdings After Transaction:
Class A Common Stock — 209,864 shares (Direct)
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, 68,957 shares are represented by restricted stock units. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2025.
FAQ
What insider transaction did Braze (BRZE) General Counsel report on this Form 4?
Braze General Counsel Susan Wiseman reported selling 9,930 shares of Class A Common Stock. The sales occurred on February 18 and 19, 2026 at prices of $16.93 and $17.03 per share, respectively, and were executed as open-market transactions.
Were the Braze (BRZE) insider sales made under a Rule 10b5-1 trading plan?
Yes, the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on April 14, 2025. Rule 10b5-1 plans allow pre-arranged trades under set instructions, helping insiders systematically sell shares without making ad hoc trading decisions.
What is the sell-to-cover program mentioned in the Braze (BRZE) Form 4 footnote?
The footnote explains the transactions were effected under a non-discretionary sell-to-cover program. This program, implemented by Braze, automatically sells shares to cover tax withholding obligations arising from the vesting of the reporting person’s restricted stock units.