Hyman Jonathan 4

What Happened
Jonathan Hyman, Chief Technology Officer of Braze, reported a series of zero‑price derivative conversions and related transfers effective January 30, 2026. The filing shows conversions of derivative securities corresponding to 1,605,007 shares (1,505,007 + 71,436 + 28,564) into Class A common stock and related administrative acquisitions/dispositions (including paired transfers of 150,000 and 175,213 shares). These transactions were automatic and involved no cash consideration.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (timely within the required 2 business days).
• Primary reported conversions: 1,505,007; 71,436; and 28,564 shares converted (total 1,605,007) at $0.00 per share.
• Additional paired “other acquisition or disposition (J)” entries of 150,000 and 175,213 shares reflect changes in form of ownership (acquired and disposed in matching amounts).
• 128,965 of the reported shares are represented by restricted stock units (RSUs).
• The transactions reflect an automatic corporate conversion: under the amended charter, all Class B shares converted into Class A shares without action by the holder (footnote).
• Securities are held by a family trust; the reporting person shares voting and investment control.
• One award referenced is fully vested. Some ownership changes were treated as exempt (change from indirect to direct ownership) under Rule 16a‑13.

Context

• These filings are derivative conversions and ownership‑form changes rather than open‑market buys or sales—no cash was paid or received.
• Footnotes indicate the Class B→Class A conversion was automatic and that outstanding options were converted to options on Class A shares with unchanged terms.
• For retail investors: conversions and administrative transfers often reflect corporate reorganization or paperwork (not necessarily a buy/sell signal). This filing documents form-of-ownership and share‑class changes rather than a trade for profit or liquidity.