Wiseman Susan 4
4 · Braze, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Braze (BRZE) General Counsel Susan Wiseman Converts 74,425 Shares
What Happened
Susan Wiseman, General Counsel of Braze, reported a series of non‑cash derivative transactions on Jan 30, 2026 that reflect the automatic conversion of Class B holdings into Class A common stock. The filing shows three pairs of "other" derivative transactions (code J) at $0.00: 26,425; 11,000; and 37,000 shares — a total of 74,425 shares disposed of in one form and acquired in another, with no cash exchanged.
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (appears timely).
- Reported amounts: 26,425; 11,000; and 37,000 shares converted (total 74,425). All entries listed at $0.00 (derivative, code J).
- Nature: Non‑cash automatic conversion of Class B to Class A shares per amended and restated certificate of incorporation (see footnote F1).
- Footnotes: F1 explains automatic Class B→Class A conversion and conversion of Class B options into options for the same number of Class A shares. F2 notes an award is fully vested. F3 describes original vesting schedule for an option award.
- Shares owned after the conversion: not specified in the provided excerpt of the filing.
Context
This filing does not represent a market purchase or sale — it documents a corporate reclassification/conversion of securities (derivative conversion), not insider buying or selling for cash. For option‑related holdings, the filing notes options were converted to reference Class A shares but does not indicate any exercise-for-cash or immediate sale.
Insider Transaction Report
- Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30−26,425→ 0 totalExercise: $4.88Exp: 2030-02-03→ Class B Common Stock (26,425 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30+26,425→ 26,425 totalExercise: $4.88Exp: 2030-02-03→ Class A Common Stock (26,425 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30−11,000→ 0 totalExercise: $35.01Exp: 2031-04-19→ Class B Common Stock (11,000 underlying) - Other
Stock Option (Right to Buy)
[F1][F2]2026-01-30+11,000→ 11,000 totalExercise: $35.01Exp: 2031-04-19→ Class A Common Stock (11,000 underlying) - Other
Stock Option (Right to Buy)
[F1][F3]2026-01-30−37,000→ 0 totalExercise: $35.01Exp: 2031-04-19→ Class B Common Stock (37,000 underlying) - Other
Stock Option (Right to Buy)
[F1][F3]2026-01-30+37,000→ 37,000 totalExercise: $35.01Exp: 2031-04-19→ Class A Common Stock (37,000 underlying)
Footnotes (3)
- [F1]Effective January 30, 2026, per the amended and restated certificate of incorporation, all outstanding shares of the issuer Class B common stock automatically converted into shares of issuers Class A common stock without any actions of the holder (the "Conversion"). At the time of the Conversion, each outstanding option to purchase shares of the Issuer's Class B common stock issued pursuant to the Issuer's Amended and Restated 2011 Equity Incentive Plan was automatically converted into an option to purchase the same number of shares of the Issuer's Class A common stock. Otherwise, the terms of each such option remained unchanged.
- [F2]This award is fully vested.
- [F3]One fourth (1/4th) of the shares subject to the option award shall vest on August 1, 2023, and one thirty-sixth (1/36th) of the remaining shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service through such vesting date.