Braze (NASDAQ: BRZE) grants CRO 102,854 RSUs with holding lock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McDonnell Edward M. reported acquisition or exercise transactions in this Form 4 filing.
Braze, Inc. Chief Revenue Officer Edward M. McDonnell reported an award of 102,854 shares of Class A common stock in the form of restricted stock units. These RSUs vest in 12 equal quarterly installments starting on May 15, 2026, subject to his continuous service and a two-year post-vest holding requirement. After this grant, a total of 536,708 shares are represented by restricted stock units held by the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonnell Edward M.
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 102,854 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 536,708 shares (Direct)
Footnotes (1)
- These shares represent a restricted stock unit ("RSU") award, which shall vest in 12 equal quarterly installments with the first vesting date being May 15, 2026. The vesting of the RSUs are subject to the Reporting Person's continuous service through such vesting date and a two-year-post-vest holding requirement. Of the reported shares, 536,708 shares are represented by restricted stock units.
FAQ
What did Braze (BRZE) Chief Revenue Officer report in this Form 4?
The Chief Revenue Officer reported receiving 102,854 shares of Braze Class A common stock as a restricted stock unit award. The grant is compensation-related, not an open-market purchase, and increases his directly held RSU-based share position to a total of 536,708 shares.
How many Braze (BRZE) RSUs were granted to the CRO in this transaction?
The transaction reflects a grant of 102,854 restricted stock units of Braze Class A common stock. These RSUs carry no purchase price and form part of the executive’s equity compensation package, vesting over time rather than being immediately unrestricted and fully tradeable common shares.
What is the vesting schedule for the 102,854 Braze (BRZE) RSU award?
The 102,854 restricted stock units vest in 12 equal quarterly installments, with the first vesting date on May 15, 2026. Vesting is conditioned on the executive’s continuous service through each vesting date, followed by a two-year post-vest holding requirement for the resulting shares.
What ongoing service conditions apply to the Braze (BRZE) CRO’s new RSUs?
The RSUs vest only if the Chief Revenue Officer remains in continuous service through each quarterly vesting date beginning May 15, 2026. In addition, shares delivered upon vesting are subject to a two-year post-vest holding requirement, extending the effective lock-up period for this equity award.