Malik Astha 4

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.