Sec Form 13G Filing - ICONIQ Strategic Partners III L.P. filing for Braze Inc. (BRZE) - 2022-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Braze, Inc.

(Name of Issuer)

 

 

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

10576N102

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 2 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

5,517,290 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

5,517,290 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,517,290 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

39.0% (3)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 5,517,290 shares of Common Stock consisting of (i) 1,330,664 shares of Class A Common Stock and (ii) 4,186,626 shares of Class B Common Stock held directly by ICONIQ Strategic Partners III, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 4,186,626 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 3 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III-B, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

5,985,292 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

5,985,292 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,985,292 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

40.9% (3)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 5,985,292 shares of Common Stock consisting of (i) 1,421,809 shares of Class A Common Stock and (ii) 4,473,483 shares of Class B Common Stock held directly by ICONIQ Strategic Partners III-B, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 4,473,483 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 4 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III GP, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

11,412,582 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

11,412,582 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,412,582 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

61.3% (3)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 11,412,582 shares of Common Stock consisting of (i) 2,752,473 shares of Class A Common Stock and (ii) 8,660,109 shares of Class B Common Stock held directly by ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 8,660,109 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 5 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III TT GP, Ltd.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

11,412,582 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

11,412,582 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,412,582 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

61.3% (3)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents 11,412,582 shares of Common Stock consisting of (i) 2,752,473 shares of Class A Common Stock and (ii) 8,660,109 shares of Class B Common Stock held directly by ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 8,660,109 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 6 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

924,889 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

924,889 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

924,889 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED B Y AMOUNT IN ROW 9

 

8.5% (3)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 924,889 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 924,889 shares of Class B Common Stock held directly by ICONIQ Strategic Partners V, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 924,889 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 7 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V-B, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

1,424,796 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

1,424,796 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,424,796 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

12.5% (3)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 1,424,796 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 1,424,796 shares of Class B Common Stock held directly by ICONIQ Strategic Partners V-B, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 1,424,796 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 8 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V GP, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

2,349,685 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

2,349,685 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,349,685 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

19.1% (3)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 2,349,685 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 2,349,685 shares of Class B Common Stock held directly by ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 2,349,685 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 9 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V TT GP, Ltd.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

2,349,685 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

2,349,685 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,349,685 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

19.1% (3)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents 2,349,685 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 2,349,685 shares of Class B Common Stock held directly by ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners V-B, L.P.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 2,349,685 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 10 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners VI, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

144,576 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

144,576 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

144,576 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.5% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 144,576 shares of Class A Common Stock held directly by ICONIQ Strategic Partners VI, L.P.

(2)

The percent of class was calculated based on 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 11 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners VI-B, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

180,424 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

180,424 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

180,424 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.8% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 180,424 shares of Class A Common Stock held directly by ICONIQ Strategic Partners VI-B, L.P.

(2)

The percent of class was calculated based on 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 12 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners VI GP, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

325,000 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

325,000 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

325,000 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

3.3% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents 325,000 shares of Class A Common Stock held directly by ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI -B, L.P. ICONIQ Strategic Partners VI GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI -B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI -B, L.P.

(2)

The percent of class was calculated based on 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 13 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners VI TT GP, Ltd.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

325,000 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

325,000 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

325,000 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

3.3% (2)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents 325,000 shares of Class A Common Stock held directly by ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI -B, L.P. ICONIQ Strategic Partners VI GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI -B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI -B, L.P.

(2)

The percent of class was calculated based on 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 14 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

Divesh Makan

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

14,087,267 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

14,087,267 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

14,087,267 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

67.2% (3)

12.  

TYPE OF REPORTING PERSON

 

IN

 

(1)

Represents 14,087,267 shares of Common Stock consisting of (i) 3,077,473 shares of Class A Common Stock and (ii) 11,009,794 shares of Class B Common Stock held directly by ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P., ICONIQ Strategic Partners V, L.P., ICONIQ Strategic Partners V-B, L.P., ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners III GP, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P. ICONIQ Strategic Partners VI GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. ICONIQ Strategic Partners VI TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners VI GP, L.P. Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ Strategic Partners III TT GP, Ltd., and Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of each of ICONIQ Strategic Partners V TT GP, Ltd. and ICONIQ Strategic Partners VI TT GP, Ltd.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 11,009,794 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 15 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

William J.G. Griffith

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

14,087,267 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

14,087,267 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

14,087,267 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

67.2% (3)

12.  

TYPE OF REPORTING PERSON

 

IN

 

(1)

Represents 14,087,267 shares of Common Stock consisting of (i) 3,077,473 shares of Class A Common Stock and (ii) 11,009,794 shares of Class B Common Stock held directly by ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P., ICONIQ Strategic Partners V, L.P., ICONIQ Strategic Partners V-B, L.P., ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners III GP, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P. ICONIQ Strategic Partners VI GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. ICONIQ Strategic Partners VI TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners VI GP, L.P. Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ Strategic Partners III TT GP, Ltd., and Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of each of ICONIQ Strategic Partners V TT GP, Ltd. and ICONIQ Strategic Partners VI TT GP, Ltd.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 11,009,794 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 16 of 24 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

Matthew Jacobson

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

2,674,685 (1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

2,674,685 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,674,685 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

21.8% (3)

12.  

TYPE OF REPORTING PERSON

 

IN

 

(1)

Represents 2,674,685 shares of Common Stock consisting of (i) 325,000 shares of Class A Common Stock and (ii) 2,349,685 shares of Class B Common Stock held directly by ICONIQ Strategic Partners V, L.P., ICONIQ Strategic Partners V-B, L.P., ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P. ICONIQ Strategic Partners VI GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners VI, L.P. and ICONIQ Strategic Partners VI-B, L.P. ICONIQ Strategic Partners VI TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners VI GP, L.P. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of each of ICONIQ Strategic Partners V TT GP, Ltd. and ICONIQ Strategic Partners VI TT GP, Ltd.

(2)

Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon 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.

(3)

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) 2,349,685 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 17 of 24 Pages

 

 

Item 1.       Issuer
   (a)    Name of Issuer:
      Braze, Inc. (the “Issuer”)
   (b)    Address of Issuer’s Principal Executive Offices:
     

330 West 34th Street, Floor 18

New York, NY 10001

Item 2.       Filing Person
   (a) – (c)    Name of Persons Filing; Address; Citizenship:
     

(i)   ICONIQ Strategic Partners III, L.P., a Cayman Islands exempted limited partnership (“ICONIQ III”).

     

(ii)   ICONIQ Strategic Partners III-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ III-B”, and together with ICONIQ III, the “ICONIQ III Funds”).

     

(iii)    ICONIQ Strategic Partners III GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ III GP”), the sole general partner of the ICONIQ III Funds.

     

(iv)  ICONIQ Strategic Partners III TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ III Parent GP”), the sole general partner of ICONIQ III GP.

     

(v)    ICONIQ Strategic Partners V, L.P., a Cayman Islands exempted limited partnership (“ICONIQ V”).

     

(vi)  ICONIQ Strategic Partners V-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ V-B”, and together with ICONIQ V, the “ICONIQ V Funds”).

     

(vii)   ICONIQ Strategic Partners V GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ V GP”), the sole general partner of the ICONIQ V Funds.

     

(viii)   ICONIQ Strategic Partners V TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ V Parent GP”), the sole general partner of ICONIQ V GP.

     

(ix)  ICONIQ Strategic Partners VI, L.P., a Cayman Islands exempted limited partnership (“ICONIQ VI”).

     

(x)    ICONIQ Strategic Partners VI-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ VI-B”, and together with ICONIQ VI, the “ICONIQ VI Funds”).

     

(xi)  ICONIQ Strategic Partners VI GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ VI GP”), the sole general partner of the ICONIQ VI Funds.

     

(xii)   ICONIQ Strategic Partners VI TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ VI Parent GP”), the sole general partner of ICONIQ VI GP.

     

(xiii)   Divesh Makan, a citizen of the United States (“Makan”).

     

(xiv)  William J.G. Griffith, a citizen of the United States (“Griffith”), together with Makan, are the sole equity holders of ICONIQ III Parent GP.

     

(xv)    Matthew Jacobson, a citizen of the United States (“Jacobson”), together with Makan and Griffith, the sole equity holders of ICONIQ V Parent GP and ICONIQ VI Parent GP.

      The address of the principal business office of each of the reporting persons is c/o ICONIQ Capital, 394 Pacific Avenue, 2nd Floor, San Francisco, CA 94111.
   (d)    Title of Class of Securities:
      Class A Common Stock, $0.0001 par value per share ( “Class A Common Stock”)
   (e)   

CUSIP Number:

 

10576N102

Item 3.    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
   (a)   

☐    Broker or dealer registered under Section 15 of the Act;

   (b)   

☐    Bank as defined in Section 3(a)(6) of the Act;

   (c)   

☐    Insurance company as defined in Section 3(a)(19) of the Act;


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 18 of 24 Pages

 

 

  

(d)   

  

☐    Investment company registered under Section 8 of the Investment Company Act of 1940;

  

(e)   

  

☐    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

  

(f)   

  

☐    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

  

(g)   

  

☐    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

  

(h)   

  

☐    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

  

(i)  

  

☐    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

  

(j)  

  

☐    A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

  

(k)   

  

☐    Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:                 

      If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                 
Item 4.    Ownership.
   (a) and (b)    Amount beneficially owned:
     

(i)   ICONIQ III directly owns 5,517,290 shares of Common Stock consisting of (i) 1,330,664 shares of Class A Common Stock and (ii) 4,186,626 shares of Class B Common Stock, which represents approximately 39.0% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(ii)   ICONIQ III-B directly owns 5,895,292 shares of Common Stock consisting of (i) 1,421,809 shares of Class A Common Stock and (ii) 4,473,483 shares of Class B Common Stock, which represents approximately 40.9% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(iii)    ICONIQ III GP may be deemed to beneficially own 11,412,582 shares of Common Stock consisting of (i) 2,752,473 shares of Class A Common Stock and (ii) 8,660,109 shares of Class B Common Stock held by the ICONIQ III Funds, which represents approximately 61.3% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(iv)  ICONIQ III Parent GP may be deemed to beneficially own 11,412,582 shares of Common Stock consisting of (i) 2,752,473 shares of Class A Common Stock and (ii) 8,660,109 shares of Class B Common Stock held by the ICONIQ III Funds, which represents approximately 61.3% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(v)    ICONIQ V directly owns 924,889 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 924,889 shares of Class B Common Stock, which represents approximately 8.5% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(vi)  ICONIQ V-B directly owns 1,424,796 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 1,424,796 shares of Class B Common Stock, which represents approximately 12.5% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(vii)   ICONIQ V GP may be deemed to beneficially own 2,349,685 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 2,349,685 shares of Class B Common Stock held by the ICONIQ V Funds, which represents approximately 19.1% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(viii)   ICONIQ V Parent GP may be deemed to beneficially own 2,349,685 shares of Common Stock consisting of (i) 0 shares of Class A Common Stock and (ii) 2,349,685 shares of Class B Common Stock held by the ICONIQ V Funds, which represents approximately 19.1% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(ix)  ICONIQ VI directly owns 144,576 shares of Common Stock consisting of (i) 144,576 shares of Class A Common Stock and (ii) 0 shares of Class B Common Stock, which represents approximately 1.5% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 19 of 24 Pages

 

 

     

(x)    ICONIQ VI-B directly owns 180,424 shares of Common Stock consisting of (i) 180,424 shares of Class A Common Stock and (ii) 0 shares of Class B Common Stock, which represents approximately 1.8% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(xi)  ICONIQ VI GP may be deemed to beneficially own 325,000 shares of Common Stock consisting of (i) 325,000 shares of Class A Common Stock and (ii) 0 shares of Class B Common Stock held by the ICONIQ VI Funds, which represents approximately 3.3% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(xii)   ICONIQ VI Parent GP may be deemed to beneficially own 325,000 shares of Common Stock consisting of (i) 325,000 shares of Class A Common Stock and (ii) 0 shares of Class B Common Stock held by the ICONIQ VI Funds, which represents approximately 3.3% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(xiii)   Makan may be deemed to beneficially own 14,087,267 shares of Common Stock consisting of (i) 3,077,473 shares of Class A Common Stock and (ii) 11,009,794 shares of Class B Common Stock held by the ICONIQ III Funds, ICONIQ V Funds and ICONIQ VI Funds, which represents approximately 67.2% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(xiv)  Griffith may be deemed to beneficially own 14,087,267 shares of Common Stock consisting of (i) 3,077,473 shares of Class A Common Stock and (ii) 11,009,794 shares of Class B Common Stock held by the ICONIQ III Funds, ICONIQ V Funds and ICONIQ VI Funds, which represents approximately 67.2% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

     

(xv)    Jacobson may be deemed to beneficially own 2,674,685 shares of Common Stock consisting of (i) 325,000 shares of Class A Common Stock and (ii) 2,349,685 shares of Class B Common Stock held by the ICONIQ V Funds and ICONIQ VI Funds, which represents approximately 21.8% of the outstanding Class A Common Stock as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

 

The percent of class was calculated based on (i) 9,943,054 shares of Class A Common Stock outstanding as of December 15, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on December 21, 2021, plus (ii) the shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2021, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

   (c)    Number of shares as to which such person has:

 

     Number of Class A Common Stock  

Reporting Person

   (i)      (ii)      (iii)      (iv)  

ICONIQ III

     5,517,290        0        5,517,290        0  

ICONIQ III-B

  0;   5,895,292        0        5,895,292        0  

ICONIQ III GP

     11,412,582        0        11,412,582        0  

ICONIQ III Parent GP

     11,412,582        0        11,412,582        0  

ICONIQ V

     924,889        0        924,889        0  

ICONIQ V-B

     1,424,796        0        1,424,796        0  

ICONIQ V GP

     2,349,685        0        2,349,685        0  

ICONIQ V Parent GP

     2,349,685        0        2,349,685        0  

ICONIQ VI

     144,576        0        144,576        0  

ICONIQ VI-B

     180,424        0        180,424        0  

ICONIQ VI GP

     325,000        0        325,000        0  

ICONIQ VI Parent GP

     325,000        0        325,000        0  

Makan

     14,087,267        0        14,087,267        0  

Griffith

     14,087,267        0        14,087,267        0  

Jacobson

     2,674,685        0        2,674,685        0  

 

(i)  Sole power to vote or direct the vote

(ii)  Shared power to vote or to direct the vote

(iii)   Sole power to dispose or to direct the disposition of

(iv) Shared power to dispose or to direct the disposition of


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 20 of 24 Pages

 

 

Item 5.    Ownership of Five Percent or Less of a Class.
   If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ☐
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.
   Not applicable.
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   Not applicable.
Item 8.    Identification and Classification of Members of the Group.
   The Reporting Persons expressly disclaim membership in a “group” as used in Rule 13d-5(b)(1).
Item 9.    Notice of Dissolution of Group.
   Not applicable.
Item 10.    Certification.
   Not applicable.


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 21 of 24 Pages

 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2022

 

ICONIQ Strategic Partners III, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners III GP, L.P., a Cayman Islands Exempted limited partner, its General Partner
By:  

ICONIQ Strategic Partners III TT GP, Ltd, a Cayman Islands exempted company,

its General Partner

By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

ICONIQ Strategic Partners III-B, L.P., a Cayman

Islands exempted limited partnership

By:   ICONIQ Strategic Partners III GP, L.P., a Cayman Islands exempted limited partnership, its General Partner
By:  

ICONIQ Strategic Partners III TT GP, Ltd., a Cayman Islands exempted company, its

General Partner

By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners V, L.P., a Cayman Islands exempted limited partnership
By:  

ICONIQ Strategic Partners V GP, L.P., a

Cayman Islands Exempted limited partner,

its General Partner

By:  

ICONIQ Strategic Partners V TT GP, Ltd, a

Cayman Islands exempted company,

its General Partner

By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 22 of 24 Pages

 

 

ICONIQ Strategic Partners V-B, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners V GP, L.P., a Cayman Islands exempted limited partnership, its General Partner
By:   ICONIQ Strategic Partners V TT GP, Ltd., a Cayman Islands exempted company, its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

  Signature of Reporting Person
ICONIQ Strategic Partners VI, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners VI GP, L.P., a Cayman Islands Exempted limited partner, its General Partner
By:   ICONIQ Strategic Partners VI TT GP, Ltd, a Cayman Islands exempted company, its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

  Signature of Reporting Person
ICONIQ Strategic Partners VI-B, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners VI GP, L.P., a Cayman Islands exempted limited partnership, its General Partner
By:   ICONIQ Strategic Partners VI TT GP, Ltd., a Cayman Islands exempted company, its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

  Signature of Reporting Person


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 23 of 24 Pages

 

 

ICONIQ Strategic Partners III GP, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners III TT GP, Ltd., a Cayman Islands exempted company, its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

  Signature of Reporting Person
ICONIQ Strategic Partners V GP, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners V TT GP, Ltd., a Cayman Islands exempted company, its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

  Signature of Reporting Person
ICONIQ Strategic Partners VI GP, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners VI TT GP, Ltd., a Cayman Islands exempted company, its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

  Signature of Reporting Person


 

CUSIP No. 10576N102

 

   SCHEDULE 13G   

 

Page 24 of 24 Pages

 

 

ICONIQ Strategic Partners III TT GP, Ltd., a Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person
ICONIQ Strategic Partners V TT GP, Ltd., a Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person
ICONIQ Strategic Partners VI TT GP, Ltd., a Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

/s/ Divesh Makan

Signature of Reporting Person

/s/ William J.G. Griffith

Signature of Reporting Person

/s/ Matthew Jacobson

Signature of Reporting Person