Scott R. Tobin - Apr 9, 2024 Form 4 Insider Report for Braze, Inc. (BRZE)

Role
10%+ Owner
Signature
/s/ Christopher Schiavo, as Attorney-in-Fact for Scott R. Tobin
Stock symbol
BRZE
Transactions as of
Apr 9, 2024
Transactions value $
$0
Form type
4
Date filed
4/14/2025, 06:05 PM
Previous filing
Dec 13, 2023
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRZE Class A Common Stock Other -16.2K -13.59% 103K Apr 9, 2024 Direct F1, F2
transaction BRZE Class A Common Stock Other +16.2K +12.34% 147K Apr 9, 2024 By Trust F1, F2, F3, F4
holding BRZE Class A Common Stock 70K Apr 9, 2024 By Battery Ventures XI-A, L.P. F2, F5
holding BRZE Class A Common Stock 18.5K Apr 9, 2024 By Battery Ventures XI-B, L.P. F2, F6
holding BRZE Class A Common Stock 3.24K Apr 9, 2024 By Battery Investment Partners XI, LLC F3, F7
holding BRZE Class A Common Stock 72.7K Apr 9, 2024 By Battery Ventures XI-A Side Fund, L.P. F2, F8
holding BRZE Class A Common Stock 15.8K Apr 9, 2024 By Battery Ventures XI-B Side Fund, L.P. F2, F9
holding BRZE Class A Common Stock 29.3K Apr 9, 2024 By Battery Investment Partners Select Fund I, L.P. F10
holding BRZE Class A Common Stock 1.4M Apr 9, 2024 By Battery Ventures Select Fund I, L.P. F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Scott R. Tobin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the contribution of shares from the Reporting Person to the Scott R. Tobin Irrevocable GST Trust of 2013 in exchange for cash and securities of equivalent value.
F2 The securities held by the Reporting Person prior to the transaction reported herein reflect pro rata distributions in kind for no additional consideration, effected by each of Battery Ventures XI-A, L.P. ("BV XI-A"), Battery Ventures XI-B, L.P. ("BV XI-B"), Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF") and Battery Ventures XI-B Side Fund, L.P. ("BV XI-B SF") to their respective general and limited partners, and the further pro rata distributions in kind, for no additional consideration, of the shares received in such distributions by their general partners, Battery Partners XI, LLC ("BP XI") and Battery Partners XI Side Fund, LLC ("BP XI SF"), to their respective members, 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.
F3 The securities held by the Reporting Person prior to the transaction reported herein reflect pro rata distributions 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.
F4 Securities are held by the Scott R. Tobin Irrevocable GST Trust of 2013, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein.
F5 Securities are held by BV XI-A. The sole general partner of BV XI-A is BP 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 or for any other purpose.
F6 Securities are held by BV XI-B. The sole general partner of BV XI-B is BP 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 or for any other purpose.
F7 Securities are held by BIP XI. The sole managing member of BIP XI is BP 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 or for any other purpose.
F8 Securities are held by BV XI-A SF. The sole general partner of BV XI-A SF is Battery Partners XI Side Fund, LLC ("BP XI 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 or for any other purpose.
F9 Securities are held by BV XI-B SF. The sole general partner of BV XI-B SF is BP XI 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 or for any other purpose.
F10 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 or for any other purpose.
F11 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 theses 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 or for any other purpose.

Remarks:

The transactions reported herein preceded the Reporting Person's filing of a Form 4 on April 14, 2025 (the "April 14 Form 4") reporting subsequent transactions. The holdings of Class A Common Stock reflected in Column 5 of this filing are accurate as of the date of filing.