Sec Form 3 Filing - Agrawal Neeraj @ Braze, Inc. - 2021-11-16

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Agrawal Neeraj
2. Issuer Name and Ticker or Trading Symbol
Braze, Inc. [ BRZE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O BATTERY VENTURES, ONE MARINA PARK DRIVE, SUITE 1100
3. Date of Earliest Transaction (MM/DD/YY)
11/16/2021
(Street)
BOSTON, MA02210
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A-1 Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 1,371( 2 ) I By Battery Investment Partners XI, LLC( 3 )
Series A-1 Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 30,732( 2 ) I By Battery Ventures XI-A Side Fund, L.P.( 4 )
Series A-1 Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 29,580( 2 ) I By Battery Ventures XI-A, L.P.( 5 )
Series A-1 Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 6,664( 2 ) I By Battery Ventures XI-B Side Fund, L.P.( 6 )
Series A-1 Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 7,816( 2 ) I By Battery Ventures XI-B, L.P.( 7 )
Series A Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 159,150( 2 ) I By Battery Investment Partners Select Fund I, L.P.( 8 )
Series A Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 1,609,187( 2 ) I By Battery Ventures Select Fund I, L.P.( 9 )
Series A Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 9,729( 2 ) I By Battery Investment Partners XI, LLC( 3 )
Series A Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 218,095( 2 ) I By Battery Ventures XI-A Side Fund, L.P.( 4 )
Series A Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 209,921( 2 ) I By Battery Ventures XI-A, L.P.( 5 )
Series A Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 47,292( 2 ) I By Battery Ventures XI-B Side Fund, L.P.( 6 )
Series A Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 55,466( 2 ) I By Battery Ventures XI-B, L.P.( 7 )
Series B Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 51,586( 2 ) I By Battery Investment Partners Select Fund I, L.P.( 8 )
Series B Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 521,585( 2 ) I By Battery Ventures Select Fund I, L.P.( 9 )
Series B Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 11,460( 2 ) I By Battery Investment Partners XI, LLC( 3 )
Series B Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 256,897( 2 ) I By Battery Ventures XI-A Side Fund, L.P.( 4 )
Series B Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 247,269( 2 ) I By Battery Ventures XI-A, L.P.( 5 )
Series B Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 55,706( 2 ) I By Battery Ventures XI-B Side Fund, L.P.( 6 )
Series B Preferred-NV Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 65,334( 2 ) I By Battery Ventures XI-B, L.P.( 7 )
Series C Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 189,264( 2 ) I By Battery Investment Partners XI, LLC( 3 )
Series C Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 4,242,496( 2 ) I By Battery Ventures XI-A Side Fund, L.P.( 4 )
Series C Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 4,083,488( 2 ) I By Battery Ventures XI-A, L.P.( 5 )
Series C Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 919,936( 2 ) I By Battery Ventures XI-B Side Fund, L.P.( 6 )
Series C Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 1,078,944( 2 ) I By Battery Ventures XI-B, L.P.( 7 )
Series D Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 27,640( 2 ) I By Battery Investment Partners XI, LLC( 3 )
Series D Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 619,624( 2 ) I By Battery Ventures XI-A Side Fund, L.P.( 4 )
Series D Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 596,400( 2 ) I By Battery Ventures XI-A, L.P.( 5 )
Series D Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 134,360( 2 ) I By Battery Ventures XI-B Side Fund, L.P.( 6 )
Series D Preferred Stock ( 1 ) ( 1 ) ( 1 ) Common Stock 157,584( 2 ) I By Battery Ventures XI-B, L.P.( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Agrawal Neeraj
C/O BATTERY VENTURES
ONE MARINA PARK DRIVE, SUITE 1100
BOSTON, MA02210
X X
Signatures
/s/ Susan Wiseman, Attorney-in-Fact 11/16/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each share of Series A-1 Preferred Stock-NV, Series A Preferred Stock, Series A Preferred Stock-NV, Series B Preferred Stock, Series B Preferred Stock-NV, Series C Preferred Stock and Series D Preferred Stock will automatically convert into shares of Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering and have no expiration date.
( 2 )Each share of Common Stock shall be reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering.
( 3 )The reported securities are owned directly by Battery Investment Partners XI, LLC ("BIP XI"). The sole managing member of BIP XI is Battery Partners XI, LLC ("BP XI"). BP XI's investment adviser is Battery Management Corp. ("BMC"). The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over the securities held by BIP XI. 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.
( 4 )The reported securities are owned directly by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). The sole general partner of BV XI-A SF is Battery Partners XI Side Fund, LLC ("BP XI SF"). BP XI SF's investment adviser is BMC. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over the securities held by BV XI-A SF. 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.
( 5 )The reported securities are owned directly by Battery Ventures XI-A, L.P. ("BV XI-A"). The sole general partner of BV XI-A is BP XI. BP XI's investment adviser is BMC. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over the securities held by BV XI-A. 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.
( 6 )The reported securities are owned directly by Battery Ventures XI-B Side Fund, L.P. ("BV XI-B SF"). The sole general partner of BV XI-B SF is BP XI SF. BP XI SF's investment adviser is BMC. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over the securities held by BV XI-B SF. 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.
( 7 )The reported securities are owned directly by Battery Ventures XI-B, L.P. ("BV XI-B"). The sole general partner of BV XI-B is BP XI. BP XI's investment adviser is BMC. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over the securities held by BV XI-B. 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.
( 8 )The reported securities are owned directly 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"). BP Select I GP's investment adviser is BMC. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over the securities held by BIP Select I. 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.
( 9 )The reported securities are owned directly 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. BP Select I GP's investment adviser is BMC. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over the securities held by BV Select I. 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:
This Form 3 is the first of two Form 3s being filed by the Reporting Person relating to the same event. The Form 3 has been split into two filings to cover all holdings of the Reporting Person, because the SEC's EDGAR filing system limits a single Form 3 to a maximum of 30 lines. Exhibit List - Exhibit 24 - Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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