Braze, Inc.·4

Feb 20, 4:32 PM ET

Wiseman Susan 4

Research Summary

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Braze (BRZE) General Counsel Susan Wiseman Sells Shares

What Happened
Susan Wiseman, General Counsel of Braze, sold a total of 9,930 shares in two transactions: 5,763 shares on 2026-02-18 at $16.93 ($97,568) and 4,167 shares on 2026-02-19 at $17.03 ($70,964). Both transactions were sales (not purchases) and generated roughly $168,532 in proceeds.

Key Details

  • Transaction dates and prices:
    • 2026-02-18: Sold 5,763 shares at $16.93 — $97,568 (approx).
    • 2026-02-19: Sold 4,167 shares at $17.03 — $70,964 (approx).
  • Combined shares sold: 9,930; combined proceeds: ≈ $168,532.
  • Shares owned after transaction: not specified in the provided data; the filing notes 68,957 shares are represented by restricted stock units (RSUs).
  • Footnotes:
    • F1: The 2026-02-18 sale was effected under a non-discretionary sell-to-cover program to satisfy tax withholding on RSU vesting (program effective Nov 16, 2021; last modified Apr 30, 2023).
    • F3: The 2026-02-19 sale was made pursuant to a Rule 10b5-1 trading plan adopted on Apr 14, 2025.
    • F2: Confirms 68,957 reported shares are RSU-based.
  • Filing/timeliness: Form 4 was filed on 2026-02-20 for transactions on 2026-02-18 and 2026-02-19 — within the typical two-business-day reporting window.

Context
These were sales, not purchases. The 02-18 transaction was a routine sell-to-cover to satisfy tax withholding on RSU vesting; the 02-19 sale followed a pre-established 10b5-1 plan. Such transactions are commonly administrative (tax and plan-driven) and do not necessarily indicate a change in the insider’s view of the company.