Filing Details

Accession Number:
0001209191-23-024375
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-14 18:23:40
Reporting Period:
2023-04-13
Accepted Time:
2023-04-14 18:23:40
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1676238 Braze Inc. BRZE () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1354614 Maurice Michael Brown C/O Battery Ventures
One Marina Park Drive, Suite 1100
Boston MA 02210
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-04-13 6,232 $34.01 27,727 No 4 S Direct
Class A Common Stock Disposition 2023-04-14 24,858 $32.56 2,869 No 4 S Direct
Class A Common Stock Disposition 2023-04-14 2,869 $33.21 0 No 4 S Direct
Class A Common Stock Disposition 2023-04-14 10,479 $32.56 1,209 No 4 S Indirect By Trust
Class A Common Stock Disposition 2023-04-14 1,209 $33.21 0 No 4 S Indirect By Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Indirect By Trust
No 4 S Indirect By Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 32,718 Indirect By Battery Investment Partners XI, LLC
Class A Common Stock 705,927 Indirect By Battery Ventures XI-A, L.P.
Class A Common Stock 186,521 Indirect By Battery Ventures XI-B, L.P.
Class A Common Stock 733,415 Indirect By Battery Ventures XI-A Side Fund, L.P.
Class A Common Stock 159,033 Indirect By Battery Ventures XI-B Side Fund, L.P.
Class A Common Stock 29,250 Indirect By Battery Investment Partners Select Fund I, L.P.
Class A Common Stock 1,395,750 Indirect By Battery Ventures Select Fund I, L.P.
Footnotes
  1. The securities held by the Reporting Person prior to the transactions reported herein reflect the receipt of securities pursuant to pro rata distributions in kind, effected by each of Battery Partners XI, LLC ("BP XI") and Battery Partners XI Side Fund, LLC ("BP XI SF") to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
  2. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $32.10 to $33.09 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
  3. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $33.10 to $33.52 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
  4. The securities held by the Reporting Person prior to the transactions reported herein reflect the receipt of securities pursuant to a pro rata distribution in kind, effected by Battery Investment Partners XI, LLC ("BIP XI") to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
  5. Securities are held by The Michael M. Brown Irrevocable GST Trust of 2013, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein.
  6. Securities are held by BIP XI. BP XI is the managing member of BIP XI and may be deemed to beneficially own the securities held by BIP XI. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
  7. Securities are held by Battery Ventures XI-A, L.P. ("BV XI-A"). BP XI is the general partner of BV XI-A and may be deemed to beneficially own the securities held by BV XI-A. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
  8. Securities are held by Battery Ventures XI-B, L.P. ("BV XI-B"). BP XI is the general partner of BV XI-B and may be deemed to beneficially own the securities held by BV XI-B. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
  9. Securities are held by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). BP XI SF is the general partner of BV XI-A SF and may be deemed to beneficially own the securities held by BV XI-A SF. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
  10. Securities are held by Battery Ventures XI-B Side Fund, L.P. ("BV XI-B SF"). BP XI SF is the general partner of BV XI-B SF and may be deemed to beneficially own the securities held by BV XI-B SF. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
  11. Securities are held by Battery Investment Partners Select Fund I, L.P. ("BIP Select I"). The sole general partner of BIP Select I is Battery Partners Select Fund I GP, LLC ("BP Select I GP"). The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
  12. Securities are held by Battery Ventures Select Fund I, L.P. ("BV Select I"). The sole general partner of BV Select I is Battery Partners Select Fund I, L.P. ("BP Select I"). The general partner of BP Select I is BP Select I GP. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.