Malik Astha 4

What Happened
Malik Astha, Chief Business Officer of Braze, had 30,263 shares withheld to satisfy tax withholding obligations related to the vesting/settlement of equity awards. The withheld shares were reported as disposed on 2026-05-15 at $20.87 per share, a total value of approximately $631,589. This is a routine tax-withholding event rather than an open-market sale or a purchase.

Key Details

• Transaction date: 2026-05-15
• Transaction type/code: Tax withholding upon vesting (Code F) — shares withheld to cover tax obligations
• Shares withheld/disposed: 30,263 shares at $20.87 each — ~$631,589 total
• Footnote F1: Shares were withheld to satisfy the reporting person's tax withholding obligations upon vesting/settlement.
• Footnote F2: Of the reported shares, 272,742 are represented by restricted stock units and performance-based restricted stock units.
• Filing: Form 4 filed 2026-05-19 (covers the 2026-05-15 transaction); filing appears timely under the 2-business-day rule.

Context
Tax-withholding through share surrender is a common, administrative disposition when equity awards vest and does not necessarily indicate an insider's view on the company's stock. This was not an open-market sale intended to raise cash; it reduced the insider's share count to cover tax liabilities associated with award settlement.