Magnuson William 4
4 · Braze, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Braze (BRZE) CEO William Magnuson Receives Stock Awards
What happened William Magnuson, CEO of Braze, received two equity awards on March 18, 2026 totaling 470,520 shares (176,650 and 293,870). Both transactions are recorded as awards/grants (transaction code A) at $0.00 per share (i.e., no cash purchase). The filing indicates some awards are performance-based PSUs that were certified as achieved on March 18, 2026.
Key details
- Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (filed within the typical two-business-day window).
- Award amounts: 176,650 shares and 293,870 shares, totaling 470,520 shares; grant price shown as $0.00.
- Vesting: PSUs — one-third vests May 15, 2026, remaining two-thirds vest in eight equal quarterly installments over the following two years; RSUs — vest in 12 equal quarterly installments beginning May 15, 2026, and include a two-year post-vest holding requirement. Vesting is subject to continuous service.
- Footnotes: F1 describes PSU certification and vesting schedule; F3 describes RSU vesting and post-vest holding requirement; F2 notes that, of reported shares, 797,838 are represented by RSUs and PSUs; F4 notes some securities are held via an LLC in which the reporting person is a member.
- Amount beneficially owned following the reported transactions is not explicitly stated in the summary section of the filing.
Context These were equity awards (compensation), not open-market purchases or sales. PSUs were performance-based and the Compensation Committee certified performance achievement on the grant date. Awards like these are standard executive compensation and reflect pay/retention mechanisms rather than an immediate cash investment or divestiture.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-03-18+176,650→ 4,667,748 total - Award
Class A Common Stock
[F3][F2]2026-03-18+293,870→ 4,961,618 total
- 470(indirect: See footnote)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Shares represent a performance-based restricted stock unit ("PSU") award earned based on the achievement of pre-established performance goals. The Compensation Committee certified the performance conditions were achieved on March 18, 2026. One-third of the PSUs will vest on May 15, 2026. The remaining two-thirds will then vest in eight equal quarterly installments over the following two years. The vesting of the PSUs are subject to the Reporting Person's continuous service through such vesting date.
- [F2]Of the reported shares, 797,838 shares are represented by restricted stock units and PSUs.
- [F3]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.
- [F4]The securities are held by a limited liability company in which the reporting person is a member. The reporting person shares voting and investment control of the shares and may be deemed to beneficially own the shares.