Malik Pankaj 4

What Happened Malik Pankaj, Chief Accounting Officer of Braze, reported an award of 40,298 restricted stock units (RSUs) on 2026-03-18 (Form 4 filed 2026-03-20). The grant is reported at $0.00 per share (transaction code A), meaning no cash was exchanged at grant; the award represents a future right to receive common stock subject to vesting.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
• Transaction type: Award/Grant (code A) — 40,298 RSUs granted at $0.00 per share.
• Vesting: 16 equal quarterly installments; first vesting date May 15, 2026; vesting contingent on continuous service (footnote F1).
• Footnote F2: The filing notes that, of the reported shares, 64,839 shares are represented by RSUs.
• Shares owned after transaction: Not specified in the provided data.
• No sale or purchase of publicly traded shares occurred — this is a compensation award, not a market trade.

Context RSUs are a promise to deliver shares (or their cash value) only after vesting and do not represent immediate stock ownership or a market purchase. Such grants are common compensation for executives and should be viewed as future potential ownership tied to continued service rather than an immediate bullish or bearish trading signal.