FERNANDEZ PHILLIP M 4
4 · Braze, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Braze (BRZE) Director Phillip M. Fernandez Converts 145,692 Shares
What Happened Phillip M. Fernandez, a Braze director, recorded a conversion-style transaction on Jan 30, 2026: 145,692 derivative shares were reported as both disposed and acquired at $0.00 (code J). The filing shows this was a non‑cash conversion/recategorization of derivative securities (no sale or purchase for consideration).
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (period of report Jan 30, 2026).
- Reported entries: 145,692 shares disposed @ $0.00 and 145,692 shares acquired @ $0.00 (derivative; transaction code J).
- Consideration: $0.00 — no cash changed hands.
- Footnote F1: All outstanding Class B common stock automatically converted into Class A common stock on Jan 30, 2026; outstanding options on Class B were converted into options on the same number of Class A shares.
- Footnote F2: The award referenced in the filing is fully vested.
- Shares owned after transaction: not specified in this filing.
Context Code J typically indicates a corporate action or conversion rather than a market buy or sale. Here, the filing reflects an automatic structural conversion (Class B → Class A and related option conversions), so it does not by itself signal a change in insider sentiment or generate proceeds. This was a reporting of a reclassification/derivative conversion, not a sale or exercise for cash.
Insider Transaction Report
- Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30−145,692→ 0 totalExercise: $3.83Exp: 2029-07-30→ Class B Common Stock (145,692 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30+145,692→ 145,692 totalExercise: $3.83Exp: 2029-07-30→ Class A Common Stock (145,692 underlying)
Footnotes (2)
- [F1]Effective January 30, 2026, per the amended and restated certificate of incorporation, all outstanding shares of the Issuer's Class B common stock automatically converted into shares of Issuer's Class A common stock without any actions of the holder (the "Conversion"). At the time of the Conversion, each outstanding option to purchase shares of the Issuer's Class B common stock issued pursuant to the Issuer's Amended and Restated 2011 Equity Incentive Plan was automatically converted into an option to purchase the same number of shares of the Issuer's Class A common stock. Otherwise, the terms of each such option remained unchanged.
- [F2]This award is fully vested.