Magnuson William 4

What Happened

• William Magnuson, CEO of Braze (BRZE), had 70,837 shares withheld on May 15, 2026 to satisfy tax withholding obligations upon vesting/settlement of equity awards. The withheld shares were recorded at $20.87 each, totaling $1,478,368. The transaction is coded F (tax withholding) and is reported as a disposition because shares were retained by the company/issuer to cover taxes.

Key Details

• Transaction date: 2026-05-15; filing date: 2026-05-19 (timely file).
• Price per share: $20.87; total value of withheld shares: $1,478,368.
• Shares owned after transaction: not specified in the filing.
• Footnote highlights:
  • F1: Shares were withheld to satisfy the reporting person’s tax withholding obligations upon vesting/settlement.
  • F2: Filing notes 669,747 shares are represented by restricted stock units and performance-based restricted stock units.
  • F3: Some securities are held by an LLC in which Magnuson is a member; he shares voting and investment control and may be deemed to beneficially own those shares.
• Transaction code: F (tax withholding), a routine disposition — not an open-market sale (code S) or a purchase.

Context

• This was a cashless/tax-withholding type disposition tied to vesting of equity awards, which is common for executives and does not necessarily signal a change in conviction. It reduces the number of shares delivered to the insider to cover taxes rather than representing a market-volume sale.