Winkles Isabelle 4
4 · Braze, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Braze (BRZE) CFO Isabelle Winkles Converts Derivative Awards
What Happened Isabelle Winkles, Chief Financial Officer of Braze, reported a series of derivative conversions on January 30, 2026. The filing shows paired "other acquisition or disposition (J)" entries that disposed and acquired the same amounts: 36,281; 120,000; and 40,000 — a total of 196,281 derivative shares/options. All transactions were recorded at $0.00 (no cash exchanged) and therefore had no dollar value in the filing. These entries reflect a reclassification/conversion event rather than an open-market buy or sale.
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (appears timely).
- Reported line items: disposed and acquired 36,281; 120,000; and 40,000 derivative shares/options (each at $0.00).
- Net effect: transactions net to zero (equal amounts disposed and acquired); total converted = 196,281.
- Shares owned after transaction: not specified in the information provided.
- Relevant footnotes:
- F1: Effective Jan 30, 2026, all Class B common stock automatically converted into Class A common stock; outstanding options to purchase Class B shares were converted into options to purchase the same number of Class A shares, with other terms unchanged.
- F2: One disclosed award is fully vested.
- F3: Another award follows a standard 1/4 then 1/36 monthly vesting schedule (subject to continued service).
- Transaction type: derivative conversion (code J) — not a purchase (P) or sale (S).
Context This filing documents a corporate conversion/reclassification under Braze’s amended charter and the automatic conversion of Class B securities and related options into Class A equivalents. Because the filing shows conversions at $0 and matching dispositions/acquisitions, it does not represent a buy/sell decision by the insider and does not by itself signal a change in market sentiment. For options, the F1 note indicates the economic rights were converted but original option terms (including vesting per F2/F3 where applicable) remain in effect.
Insider Transaction Report
- Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30−36,281→ 0 totalExercise: $4.88Exp: 2030-02-03→ Class B Common Stock (36,281 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30+36,281→ 36,281 totalExercise: $4.88Exp: 2030-02-03→ Class A Common Stock (36,281 underlying) - Other
Stock Option (Right to Buy)
[F1][F3]2026-01-30−120,000→ 0 totalExercise: $35.01Exp: 2031-04-19→ Class B Common Stock (120,000 underlying) - Other
Stock Option (Right to Buy)
[F1][F3]2026-01-30+120,000→ 120,000 totalExercise: $35.01Exp: 2031-04-19→ Class A Common Stock (120,000 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30−40,000→ 0 totalExercise: $35.01Exp: 2031-04-19→ Class B Common Stock (40,000 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30+40,000→ 40,000 totalExercise: $35.01Exp: 2031-04-19→ Class A Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Effective January 30, 2026, per the amended and restated certificate of incorporation, all outstanding shares of the Issuer's Class B common stock automatically converted into shares of Issuer's Class A common stock without any actions of the holder (the "Conversion"). At the time of the Conversion, each outstanding option to purchase shares of the Issuer's Class B common stock issued pursuant to the Issuer's Amended and Restated 2011 Equity Incentive Plan was automatically converted into an option to purchase the same number of shares of the Issuer's Class A common stock. Otherwise, the terms of each such option remained unchanged.
- [F2]This award is fully vested.
- [F3]One fourth (1/4th) of the shares subject to the option award shall vest on August 1, 2023, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.