Malik Pankaj 4

What Happened
Malik Pankaj, Chief Accounting Officer of Braze, had 2,121 shares withheld to satisfy tax withholding obligations upon vesting/settlement of equity awards. The shares are reported as a disposition (transaction code F) at $20.87 per share, for a notional value of $44,265. This was a tax-withholding/cashless-settlement action rather than an open-market sale.

Key Details

• Transaction date: 2026-05-15; filing date: 2026-05-19 (filed within the two-business-day Form 4 window).
• Price and value: 2,121 shares @ $20.87 = $44,265.
• Transaction code: F — shares withheld to satisfy tax withholding on vesting/settlement. (Footnote F1)
• Holdings note: Of the reported shares, 58,965 are represented by restricted stock units (RSUs). (Footnote F2)
• Shares owned after transaction: not specified in the provided filing.

Context
This was a routine tax-withholding event tied to RSU vesting (company retained shares to cover tax obligations). Such withholdings are common and do not represent an open-market sale or necessarily indicate a change in the insider’s view of the company.