Magnuson William 4

What Happened

• William Magnuson, CEO of Braze, reported a corporate conversion on January 30, 2026 that resulted in conversions and related reclassifications of his securities. The filing shows a conversion of 3,822,765 shares (derivative conversion), along with several related other acquisition/disposition entries affecting 51,658; 750,000; and 450,000 share lots. All transactions were reported at $0.00 per share, so no cash was paid or received in these entries.

Key Details

• Transaction date: January 30, 2026. Form 4 filed February 2, 2026 (timely filed).
• Reported prices/values: $0.00 per share; total cash value reported = $0.
• Notable footnotes:
  • F1: Effective Jan 30, 2026, all outstanding Class B common stock automatically converted into Class A common stock per an amended and restated certificate of incorporation.
  • F4: Outstanding options on Class B stock were automatically converted into options on the same number of Class A shares; option terms otherwise unchanged.
  • F2: Of the reported shares, 372,046 are represented by restricted stock units (RSUs).
  • F3: Some securities are held by an LLC where the reporting person is a member and shares voting/investment control.
  • F5: One award noted is fully vested.
• Shares owned after transaction: The Form 4 does not state a single consolidated post-conversion ownership total in the summary lines provided here; see filing for detailed beneficial ownership amounts.

Context

• These entries reflect a corporate-driven conversion of share classes (and corresponding conversion of option/derivative instruments) rather than an open-market buy or sale. No cash changed hands, and this is not a routine insider purchase or sale that signals a personal investment decision.
• For retail investors: conversions like this reflect a change in share class/status and do not by themselves indicate insider buying or selling intent. Check the full Form 4 for exact post-conversion holdings if you want to track insider ownership percentages.