Magnuson William 4

What Happened
William Magnuson, CEO of Braze (BRZE), sold 26,413 shares on Feb 18, 2026 at $16.93 per share, generating proceeds of $447,172. The sale was a disposition (S), not a purchase, and was effected under a non‑discretionary sell‑to‑cover program to satisfy tax withholding on vested restricted stock units.

Key Details

• Transaction date and price: Feb 18, 2026 — 26,413 shares at $16.93 each (total $447,172).
• Shares owned after transaction: the filing does not state a single post‑transaction total; it notes 327,318 shares are represented by restricted stock units.
• Footnotes: (F1) Sale executed under the issuer’s non‑discretionary sell‑to‑cover program (effective Nov 16, 2021; last modified Apr 30, 2023) for tax withholding on RSU vesting. (F2) 327,318 reported shares are RSUs. (F3) Some securities are held by an LLC where the reporting person is a member; he shares voting and investment control and may be deemed beneficial owner.
• Timeliness: Form 4 filed Feb 20, 2026 for a Feb 18 transaction — appears timely (filed within the usual 2‑business‑day reporting window).

Context
Sell‑to‑cover transactions are typically routine tax‑related sales tied to RSU vesting and do not necessarily indicate a change in the insider’s view of the company. Sales are less informative than purchases for bullish signals; this filing documents a tax‑related disposition rather than an acquisition.