Braze CTO Sells 295,000 Shares for $13.2M, Including 285,000 at ~$45.33 on Buyout Day
BRZE has more than doubled off its 52-week low of $15.26 on elevated volume (2.4× avg).
Summary
Braze's CTO sold 295,000 shares for $13.2 million, including 285,000 at ~$45.33 on 2026-10-20 — the day Salesforce agreed to buy Braze for $47.50 per share in cash. The trade was pre-planned under a 10b5-1 plan but is far larger than his August notice.
Key Events · Ownership and Investor Activity · BRZE
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CTO Sells 295,000 Shares for $13.2M
Jonathan Hyman disposed of 295,000 Class A shares in two open-market sales totaling $13,219,450 under a Rule 10b5-1 plan adopted 2026-04-14.
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285,000 Shares Sold at ~$45.33 on Buyout Day
The 2026-10-20 tranche of 285,000 shares cleared at a weighted-average $45.33 (range $45.26-$45.45), about $12.92M, the same day Salesforce agreed to acquire Braze for $47.50 per share in cash.
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Sale Far Exceeds August Notice
At roughly eight times the 35,000 shares Hyman noticed for sale in the 2026-08-13 Form 144, the 285,000-share tranche priced near the deal value versus $30.04 for the 10,000 shares sold 2026-10-15.
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Remaining Stake: 848,219 Direct Shares
Post-transaction direct holdings are 848,219 shares, with a further 350,000, 221,436 and 28,564 shares held indirectly through personal and family trusts.
Analysis · BRZE · Technology
Timing is the story here: Chief Technology Officer Jonathan Hyman sold 295,000 shares for $13.2 million across two trades, and 285,000 of those shares went on 2026-10-20 at a weighted-average $45.33 — the same day Salesforce signed a definitive agreement to buy Braze for $47.50 per share in cash. That is roughly eight times the 35,000 shares he had noticed for sale in August, and it cashes out near the deal price rather than at the $30.04 he received on 2026-10-15. Because the sale was made under a Rule 10b5-1 plan adopted 2026-04-14, it was pre-scheduled; even so, the size and the price level mean the CTO has converted a large slice of his stake to cash at the buyout valuation. He still directly holds 848,219 shares, so this is a partial exit, not a full liquidation.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BRZE was trading at $45.87 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $15.26 to $45.95. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.