secwatch.observer — SEC 8-K summary
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Issuer:     Braze, Inc. (BRZE)
CIK:        0001676238
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001676238-26-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1676238/000167623826000006/0001676238-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1676238/000167623826000006/brz-20260130.htm
  HTML page:      https://secwatch.observer/filing/0001676238-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer