OBSTLER DAVID M 4

What Happened

• David M. Obstler, a director of Braze, Inc. (BRZE), was awarded 7,753 restricted stock units (RSUs) on June 30, 2026. The reported acquisition price is $0 because this was an equity award (transaction code A), not an open‑market purchase.

Key Details

• Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-02 (appears to be filed within the normal two‑business‑day window).
• Award: 7,753 RSUs; acquisition price reported as $0 (award/grant).
• Vesting: RSUs vest on the earlier of (i) June 30, 2027, or (ii) the date immediately before the issuer’s 2027 annual meeting, in each case subject to Obstler’s continuous service (per footnote).
• Shares represented: All 7,753 reported shares are represented by RSUs (per footnote).
• Shares owned after transaction: Not specified in the filing.

Context

• RSU awards are compensation that convert into shares if and when they vest; they are not an immediate cash purchase or sale. Such grants are common for executives and directors as part of compensation and do not by themselves indicate a buy/sell decision by the insider.