Winkles Isabelle 4

What Happened Isabelle Winkles, Chief Financial Officer of Braze, received equity awards on March 18, 2026 totaling 219,664 shares: 84,484 performance-based restricted stock units (PSUs) and 135,180 restricted stock units (RSUs). The awards were granted at a $0 purchase price (typical for compensation awards), so no cash was exchanged.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed timely within the usual two-business-day window).
• Reported grants: 84,484 PSUs and 135,180 RSUs, total 219,664 shares; grant price $0.
• Footnote highlights:
  • PSUs (F1): Performance conditions were certified met on March 18, 2026. One-third vests May 15, 2026; the remaining two-thirds vest in eight equal quarterly installments over the next two years, subject to continuous service.
  • RSUs (F3): Vest in 12 equal quarterly installments starting May 15, 2026; vesting requires continuous service and includes a two-year post-vest holding requirement.
  • Aggregate RSU/PSU holdings (F2): Filing notes 373,268 of the reported shares are represented by RSUs and PSUs (this refers to the composition of reported holdings).
• Shares owned after transaction: the filing details the composition of RSU/PSU holdings (see F2) but does not provide a simple total of all shares beneficially owned in the materials you provided.

Context

• These were compensation awards (code A), not open-market purchases or sales. Awards at $0 are standard for RSU/PSU compensation and do not by themselves indicate immediate cash value until shares vest and, if applicable, are settled.
• PSUs are performance-based: the Compensation Committee certified the performance achievement, triggering the grant; actual share delivery is still subject to future vesting and continued service. The RSUs include a holding requirement after vesting, which can limit near-term sales.