Braze (BRZE) CAO Malik Pankaj Withholds 2,121 Shares for Taxes

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 were valued at $28.93 each, for a total of approximately $61,361. The transaction is recorded as a disposal (shares withheld to cover taxes), not an open-market sale.

Key Details

• Transaction date: 2026-08-17; filing date: 2026-08-19 (filed within the typical 2-business-day window).
• Shares withheld: 2,121 at $28.93 per share; total value ≈ $61,361.
• Footnote F1: Shares were withheld to satisfy the reporting person's tax withholding obligations upon vesting/settlement.
• Footnote F2: Of the reported shares in the filing, 53,090 are represented by restricted stock units (RSUs).
• Shares owned after the transaction: not specified in the provided excerpt.

Context
This was a routine tax-withholding (cashless) transaction tied to RSU vesting rather than a discretionary sale; such withholdings are standard and do not necessarily signal insider sentiment. For investors, purchases are generally more informative; tax-withholding disposals mainly reflect compensation settlement mechanics.