4//SEC Filing
BROWN MICHAEL MAURICE 4
Accession 0001209191-22-021983
CIK 0001676238other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:16 PM ET
Size
48.2 KB
Accession
0001209191-22-021983
Insider Transaction Report
Form 4
Braze, Inc.BRZE
Battery Partners XI, LLC
10% Owner
Transactions
- Conversion
Class B Common Stock
2022-03-30−1,555,216→ 4,665,647 total(indirect: By Battery Ventures XI-A Side Fund, L.P.)→ Class A Common Stock (1,555,216 underlying) - Conversion
Class A Common Stock
2022-03-30+1,496,927→ 1,496,927 total(indirect: By Battery Ventures XI-A, L.P.) - Conversion
Class B Common Stock
2022-03-30−337,232→ 1,011,695 total(indirect: By Battery Ventures XI-B Side Fund, L.P.)→ Class A Common Stock (337,232 underlying) - Conversion
Class A Common Stock
2022-03-30+395,521→ 395,521 total(indirect: By Battery Ventures XI-B, L.P.) - Conversion
Class A Common Stock
2022-03-30+337,232→ 337,232 total(indirect: By Battery Ventures XI-B Side Fund, L.P.) - Conversion
Class A Common Stock
2022-03-30+69,379→ 69,379 total(indirect: By LLC) - Conversion
Class B Common Stock
2022-03-30−395,521→ 1,186,562 total(indirect: By Battery Ventures XI-B, L.P.)→ Class A Common Stock (395,521 underlying) - Conversion
Class A Common Stock
2022-03-30+1,555,216→ 1,555,216 total(indirect: By Battery Ventures XI-A Side Fund, L.P.) - Conversion
Class B Common Stock
2022-03-30−69,379→ 208,137 total(indirect: By LLC)→ Class A Common Stock (69,379 underlying) - Conversion
Class B Common Stock
2022-03-30−1,496,927→ 4,490,780 total(indirect: By Battery Ventures XI-A, L.P.)→ Class A Common Stock (1,496,927 underlying)
Holdings
- 1,141,717(indirect: By Battery Ventures Select Fund I, L.P.)
Class B Common Stock
→ Class A Common Stock (1,141,717 underlying) - 1,395,750(indirect: By Battery Ventures Select Fund I, L.P.)
Class A Common Stock
- 29,250(indirect: By Battery Investment Partners Select Fund I, L.P.)
Class A Common Stock
- 221,708(indirect: By Battery Investment Partners Select Fund I, L.P.)
Class B Common Stock
→ Class A Common Stock (221,708 underlying)
Footnotes (9)
- [F1]Each share of Class B Common Stock is convertible into one share of Class A Common Stock (A) at any time at the option of the Reporting Person or (B) automatically upon the occurrence of the following: (1) the transfer of such share of Class B Common Stock, except for certain transfers whereby the Reporting Person continues to hold sole voting and dispositive power with respect to each such share, (2) the death of a Class B common stockholder who is a natural person, (3) the last trading day of the fiscal quarter immediately following the fifth anniversary of the Issuer's initial public offering, (4) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B common stock and (5) the last trading day of the fiscal quarter during which the then outstanding shares of Class B Common Stock first represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock.
- [F2]Shares are held by Battery Investment Partners XI, LLC ("BIP XI"). Battery Partners XI, LLC ("BP XI") is the managing member of BIP XI. BP XI may be deemed to beneficially own the shares held by BIP XI. BP XI's investment adviser is Battery Management Corp. ("BMC"). Neeraj Agrawal, Michael Brown, Jesse Feldman, Russell Fleischer, Roger Lee, Chelsea Stoner, Dharmesh Thakker, and Scott Tobin (collectively the "BP XI Managing Members") are the managing members of BP XI and may be deemed to share voting and dispositive power over the securities held by BIP XI.
- [F3]Each of the reporting persons disclaims beneficial ownership of these securities except to the extent of his, her or its 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. Mr. Agrawal is a director of the Issuer and files separate Section 16 reports.
- [F4]Shares are held by Battery Ventures XI-A, L.P. ("BV XI-A"). BP XI is the general partner of BV XI-A. BP XI may be deemed to beneficially own the shares held by BV XI-A. BP XI's investment adviser is BMC. The BP XI Managing Members are the managing members of BP XI and may be deemed to share voting and dispositive power over the securities held by BV XI-A.
- [F5]Shares are held by Battery Ventures XI-B, L.P. ("BV XI-B"). BP XI is the general partner of BV XI-B. BP XI may be deemed to beneficially own the shares held by BV XI-B. BP XI's investment adviser is BMC. The BP XI Managing Members are the managing members of BP XI and may be deemed to share voting and dispositive power over the securities held by BV XI-B.
- [F6]Shares are held by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). Battery Partners XI Side Fund, LLC ("BP XI SF") is the general partner of BV XI-A SF and may be deemed to beneficially own the shares held by BV XI-A SF. BP XI SF's investment adviser is BMC. The BP XI Managing Members are the managing members of BP XI SF and may be deemed to share voting and dispositive power over the securities held by BV XI-A SF.
- [F7]Shares 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 shares held by BV XI-B SF. BP XI SF's investment adviser is BMC. The BP XI Managing Members are the managing members of BP XI SF and may be deemed to share voting and dispositive power over the securities held by BV XI-B SF.
- [F8]Shares are held by Battery Investment Partners Select Fund I, L.P. ("BIP Select I"). Battery Partners Select Fund I GP, LLC ("BP Select I GP") is the general partner of BIP Select I and may be deemed to beneficially own the shares held by BIP Select I. BP Select I GP's investment adviser is BMC. The BP XI Managing Members and Morad Elhafed (collectively, the "BP Select Managing Members") are the managing members of BP Select I GP and may be deemed to share voting and dispositive power over the securities held by BIP Select I.
- [F9]Shares are held by Battery Ventures Select Fund I, L.P. ("BV Select I"). Battery Partners Select Fund I, L.P. ("BP Select I") is the general partner of BV Select I. BP Select I GP is the general partner of BP Select I and may be deemed to beneficially own the shares held by BV Select I. BP Select I GP's investment adviser is BMC. The BP Select Managing Members are the managing members of BP Select I GP and may be deemed to share voting and dispositive power over the securities held by BV Select I.
Documents
Issuer
Braze, Inc.
CIK 0001676238
Entity typeother
Related Parties
1- filerCIK 0001354614
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:16 PM ET
- Size
- 48.2 KB