Braze CBO Malik Astha Withholds 21,277 Shares for Taxes

What Happened
Malik Astha, Chief Business Officer of Braze, had 21,277 shares withheld to satisfy tax withholding obligations related to vesting/settlement of equity awards. The withheld shares were valued at $28.93 each, totaling approximately $615,544. This was a tax-withholding/net settlement event (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-17; Filing date: 2026-08-19 (timely filing).
• Shares withheld: 21,277 at $28.93/share; total value ≈ $615,544.
• Transaction code: F — shares withheld to satisfy tax obligations on vesting/settlement.
• Footnote: F1 confirms shares were withheld for tax withholding. F2 notes 281,307 of the reported shares are represented by restricted stock units (RSUs) and performance-based RSUs.
• This was a withholding/net settlement, not an open-market sale—routine compensation tax handling.

Context
Withhold-to-cover transactions are common when RSUs/PSUs vest and do not necessarily indicate insider sentiment about the stock. They reduce the number of net shares received by the insider but are administrative tax-related actions rather than investment purchases or discretionary sales.