Winkles Isabelle 4

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.