Winkles Isabelle 4

What Happened

• Isabelle Winkles, Chief Financial Officer of Braze, sold 12,532 shares on 2026-02-18 at $16.93 per share, generating proceeds of $212,167. This was a sale (routine, not a purchase) executed as part of a sell-to-cover arrangement to satisfy tax withholding tied to vested restricted stock units (RSUs).

Key Details

• Transaction date and price: 2026-02-18 — 12,532 shares at $16.93 each (total $212,167).
• Mechanism: Reported as an open-market/private sale (code S) effected under a non-discretionary sell-to-cover program implemented Nov 16, 2021 and last modified Apr 30, 2023 to satisfy tax withholding (footnote F1).
• Ownership detail: Filing notes 153,604 shares are represented by restricted stock units (footnote F2). The filing did not state a separate total "shares owned after transaction" line beyond the RSU disclosure.
• Filing timeliness: Reported on Feb 20, 2026 (appears timely relative to the Feb 18 transaction).

Context

• This type of sell-to-cover transaction is a common administrative sale to cover taxes when RSUs vest and generally is not interpreted as an affirmative bearish signal by insiders. No options were exercised and no gifts or 10% owner transactions are involved.