Levy Tara Walpert 4

What Happened

• Tara Walpert Levy, a director of Braze, had 62,562 shares resulting from a conversion of derivative/Class B shares into Class A common stock on January 30, 2026. The conversion was recorded as an acquisition at $0.00 (no cash paid) and a related disposition of the derivative/converted security for $0.00—this was an administrative class conversion, not a purchase or sale.

Key Details

• Transaction date: 2026-01-30 (reported on Form 4 filed 2026-02-02).
• Transaction type: Conversion of Class B common stock/derivative into Class A common stock (derivative code C).
• Shares converted/acquired: 62,562; price per share: $0.00; total cash value: $0.
• Report shows a corresponding disposition of the derivative instrument (62,562 shares) as part of the conversion.
• Footnotes: F1 — All outstanding Class B shares automatically converted to Class A shares effective Jan 30, 2026. F2 — Shares are held by a family trust (spouse is trustee); reporting person shares voting/investment control and disclaims beneficial ownership except for pecuniary interest. F3 — Of the reported shares, 5,033 are represented by restricted stock units (RSUs).
• Shares owned after transaction: The filing excerpt does not list a new total; the conversion changes share class but does not increase or decrease the reporting person's economic ownership.

Context

• This was an automatic corporate reclassification (class conversion) per the company's amended certificate of incorporation — routine and administrative in nature, not a market purchase or sale. No cash changed hands and it does not, by itself, signal a change in the insider’s view of the company.