Braze eliminates dual-class stock structure; all Class B shares convert to Class A

Braze, Inc.

On Jan 30, 2026, all outstanding Class B shares automatically converted into Class A shares on a 1:1 basis.
Trigger: Class B shares fell below 10% of total Class A+Class B outstanding as of Oct 21, 2025.
Post-conversion: ~112.7M Class A shares outstanding; all Class B shares retired, reducing authorized capital.
Voting rights per share decreased from 10 votes (Class B) to 1 vote (Class A); economic interests unchanged.
Ticker symbol remains 'BRZE' and CUSIP unchanged; stock continues trading on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Braze, Inc.: Filed Certificate of Retirement to retire all shares of Class B Common Stock following automatic conversion to Class A Common Stock, reducing total authorized capital stock (effective 2026-01-30).

Change: charter amendment
Effective: 2026-01-30

Exact text from the filing

As described under Item 3.03, on January 30, 2026, the Company filed the Certificate of Retirement with the Secretary of State of the State of Delaware to effect the retirement of the shares of Class B Common Stock that were issued but not outstanding following the Conversion and to accordingly reduce the Company’s total number of authorized shares of capital stock by the number of retired shares of Class B Common Stock.

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Braze, Inc. filing history →

Source: SEC EDGAR

accession 0001676238-26-000006

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