Malik Astha 4
4 · Braze, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Braze (BRZE) CBO Malik Astha Receives Equity Award
What Happened
Malik Astha, Chief Business Officer of Braze, received two equity awards on March 18, 2026: 70,660 performance-based restricted stock units (PSUs) and 117,548 restricted stock units (RSUs). Both grants were reported as awards (transaction code A) at $0.00 per share (no cash paid) for a nominal transaction value of $0 on the Form 4. The Form also notes (footnote F2) that 332,215 shares are represented by outstanding RSUs and PSUs.
Key Details
- Transaction date(s): March 18, 2026; Form 4 filed March 20, 2026 (timely filing).
- Grants: 70,660 PSUs and 117,548 RSUs (total reported on this filing: 188,208 newly reported shares). Reported price: $0.00 (award).
- Vesting / restrictions:
- PSUs (F1): Performance conditions certified March 18, 2026. One‑third vests May 15, 2026; remaining two‑thirds vest in eight equal quarterly installments over the next two years. Continuous service required through each vesting date.
- RSUs (F3): Vest in 12 equal quarterly installments starting May 15, 2026; subject to continuous service and a two‑year post‑vest holding requirement.
- Outstanding RSU/PSU balance: Footnote F2 reports 332,215 shares represented by RSUs and PSUs (may reflect total outstanding units).
- Transaction code: A = Award/Grant. No sale or open-market purchase reported.
Context
These awards are compensation/retention grants rather than open-market purchases or sales. PSUs are performance-based (conditions were certified), while RSUs are time-based and include a post-vest holding requirement—both tie future value to continued service and stock performance. Such awards are common executive compensation and don’t by themselves indicate buying or selling sentiment in the market.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-03-18+70,660→ 275,949 total - Award
Class A Common Stock
[F3][F2]2026-03-18+117,548→ 393,497 total
Footnotes (3)
- [F1]Shares represent a performance-based restricted stock unit ("PSU") award earned based on the achievement of pre-established performance goals. The Compensation Committee certified the performance conditions were achieved on March 18, 2026. One-third of the PSUs will vest on May 15, 2026. The remaining two-thirds will then vest in eight equal quarterly installments over the following two years. The vesting of the PSUs are subject to the Reporting Person's continuous service through such vesting date.
- [F2]Of the reported shares, 332,215 shares are represented by restricted stock units and PSUs.
- [F3]These shares represent a restricted stock unit ("RSU") award, which shall vest in 12 equal quarterly installments with the first vesting date being May 15, 2026. The vesting of the RSUs are subject to the Reporting Person's continuous service through such vesting date and a two-year-post-vest holding requirement.