Wiseman Susan 4

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.