Magnuson William 4

What happened William Magnuson, CEO of Braze, received two equity awards on March 18, 2026 totaling 470,520 shares (176,650 and 293,870). Both transactions are recorded as awards/grants (transaction code A) at $0.00 per share (i.e., no cash purchase). The filing indicates some awards are performance-based PSUs that were certified as achieved on March 18, 2026.

Key details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (filed within the typical two-business-day window).
• Award amounts: 176,650 shares and 293,870 shares, totaling 470,520 shares; grant price shown as $0.00.
• Vesting: PSUs — one-third vests May 15, 2026, remaining two-thirds vest in eight equal quarterly installments over the following two years; RSUs — vest in 12 equal quarterly installments beginning May 15, 2026, and include a two-year post-vest holding requirement. Vesting is subject to continuous service.
• Footnotes: F1 describes PSU certification and vesting schedule; F3 describes RSU vesting and post-vest holding requirement; F2 notes that, of reported shares, 797,838 are represented by RSUs and PSUs; F4 notes some securities are held via an LLC in which the reporting person is a member.
• Amount beneficially owned following the reported transactions is not explicitly stated in the summary section of the filing.

Context These were equity awards (compensation), not open-market purchases or sales. PSUs were performance-based and the Compensation Committee certified performance achievement on the grant date. Awards like these are standard executive compensation and reflect pay/retention mechanisms rather than an immediate cash investment or divestiture.