Malik Astha 4

What Happened

• Malik Astha, Braze's Chief Business Officer, sold a total of 51,440 shares in two open-market transactions on July 15, 2026. The sales consisted of 50,233 shares at a weighted-average price of $26.38 (proceeds $1,325,147) and 1,207 shares at a weighted-average price of $26.89 (proceeds $32,456), for combined proceeds of approximately $1,357,603. These were sales (dispositions), which are often routine insider liquidity events rather than a direct bullish signal.

Key Details

• Transaction dates: July 15, 2026.
• Prices/ranges: first block weighted avg $26.38 (shares sold across $25.85–$26.84); second block weighted avg $26.89 (shares sold across $26.85–$27.00).
• Shares sold: 50,233 and 1,207 (total 51,440).
• Total proceeds: ~$1,357,603.
• Plan/authorization: Sales were made pursuant to a Rule 10b5-1 trading plan adopted October 15, 2025.
• Holdings note: Filing includes a footnote that 272,742 shares are represented by restricted stock units and performance-based awards. The filing excerpt does not report the insider’s total shares owned following these transactions.
• Timeliness: Reported on July 16, 2026 for transactions on July 15, 2026 (timely filing).

Context

• These were open-market sales under a pre-established 10b5-1 plan, which is a common mechanism for insiders to sell shares according to a preset schedule. The filing provides weighted-average prices and ranges; the reporting person offered to supply a breakdown of shares sold at each price upon request.