[SCHEDULE 13G/A] Braze, Inc. SEC Filing
Battery Ventures and affiliated funds disclosed beneficial ownership stakes in Braze, Inc. (Class A common stock) as of June 30, 2025. Multiple Battery vehicles and affiliated individuals report combined holdings across Class A and Class B shares that, after conversion mechanics, represent single-digit percentages of the Class A stock. The filing lists exact share counts for each reporting person and states percentages based on 97,998,412 Class A shares outstanding as of June 3, 2025.
The report clarifies voting and dispositive power: many Battery entities report no sole voting or dispositive power and instead report shared voting and dispositive power over reported shares. Individual insiders (e.g., Neeraj Agrawal) and Battery managing members are identified with their respective aggregate holdings and the filing disclaims status as a "group." The report incorporates a previously filed joint filing agreement by reference.
Battery Ventures e fondi affiliati hanno dichiarato partecipazioni di propriet脿 effettiva in Braze, Inc. (azioni ordinarie di Classe A) al 30 giugno 2025. Pi霉 veicoli di Battery e persone affiliate riportano detenzioni combinate tra azioni di Classe A e Classe B che, dopo i meccanismi di conversione, rappresentano percentuali a una cifra delle azioni di Classe A. Il deposito elenca i conteggi esatti delle azioni per ciascuna persona che riferisce e indica le percentuali basandosi su 97.998.412 azioni di Classe A in circolazione al 3 giugno 2025.
Il rapporto chiarisce il potere di voto e dispositvo: molte entit脿 di Battery dichiarano di non avere potere di voto o dispositvo esclusivo e invece riportano poteri di voto e dispositivi condivisi sulle azioni dichiarate. Sono identificati singoli insider (ad es. Neeraj Agrawal) e i membri gestori di Battery con le rispettive partecipazioni aggregate e il deposito dichiara di non costituire uno 鈥済roup鈥�. Il rapporto incorpora per riferimento un accordo di deposito congiunto precedentemente presentato.
Battery Ventures y fondos afiliados divulgaron participaciones beneficiarias en Braze, Inc. (acciones ordinarias Clase A) al 30 de junio de 2025. M煤ltiples veh铆culos de Battery y personas afiliadas informan tenencias combinadas entre acciones Clase A y Clase B que, tras los mecanismos de conversi贸n, representan porcentajes de un solo d铆gito de las acciones Clase A. La presentaci贸n detalla el n煤mero exacto de acciones de cada persona informante y establece porcentajes basados en 97.998.412 acciones Clase A en circulaci贸n al 3 de junio de 2025.
El informe aclara el poder de voto y dispositivo: muchas entidades de Battery declaran no tener poder de voto ni dispositivo exclusivo y en su lugar informan poder de voto y dispositivos compartidos sobre las acciones reportadas. Se identifican insiders individuales (p. ej., Neeraj Agrawal) y los miembros directivos de Battery con sus respectivas tenencias agregadas, y la presentaci贸n niega la condici贸n de 鈥済rupo鈥�. El informe incorpora por referencia un acuerdo de presentaci贸n conjunta presentado con anterioridad.
Battery Ventures鞕� 瓿勳棿 韼�霌滊摛鞚� 2025雲� 6鞗� 30鞚� 旮办 Braze, Inc.(韥措灅鞀� A 氤错喌欤�)鞐� 雽�頃� 鞁れ唽鞙犾攵勳潉 瓿店皽頄堨姷雼堧嫟. 鞐煬 Battery 瓿勳棿 彀焿 氚� 甏�霠� 臧滌澑霌れ澊 韥措灅鞀� A 氚� 韥措灅鞀� B 欤检嫕鞚� 頃╈偘頃� 氤挫湢毳� 氤搓碃頄堨溂氅�, 鞝勴櫂 氅旍护雼堨 鞝侅毄 頉� 韥措灅鞀� A 欤检嫕鞚� 頃� 鞛愲靾� 韻检劶韸胳棎 頃措嫻頃╇媹雼�. 鞝滌稖靹滊電� 臧� 氤搓碃鞛愳潣 鞝曧檿頃� 欤检嫕 靾橂ゼ 旮办灛頃橁碃, 2025雲� 6鞗� 3鞚� 旮办 鞙犿喌 欷戩澑 韥措灅鞀� A 欤检嫕 97,998,412欤茧ゼ 旮办鞙茧 氚彪秳鞙潉 氇呾嫓頃╇媹雼�.
氤搓碃靹滊姅 鞚橁舶甓� 氚� 觳橂秳甓岇潉 氇呿檿頌� 頃╇媹雼�: 毵庫潃 Battery 瓿勳棿 氩曥澑霌れ潃 雼弲 鞚橁舶甓� 霕愲姅 觳橂秳甓岇澊 鞐嗠嫟瓿� 氤搓碃頃橁碃 雽�鞁� 氤搓碃霅� 欤检嫕鞐� 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 瓿惦彊 觳橂秳甓岇潉 氤搓碃頃╇媹雼�. 臧滌澑 雮措秬鞛�(鞓�: Neeraj Agrawal)鞕� Battery鞚� 甏�毽� 氅る矂霌れ澊 臧侅瀽鞚� 齑� 氤挫湢鞕� 頃粯 鞁濍硠霅橂┌, 鞝滌稖靹滊電� 鞛愳嫚霌れ潉 鈥滉犯耄光�濎溂搿� 攴滌爼頃橃 鞎婋姅雼り碃 氇呾嫓頃╇媹雼�. 氤搓碃靹滊姅 鞚挫爠鞐� 鞝滌稖霅� 瓿惦彊 鞝滌稖 瓿勳暯鞚� 彀胳“搿� 韽暔頃╇媹雼�.
Battery Ventures et des fonds affili茅s ont d茅clar茅 des participations b茅n茅ficiaires dans Braze, Inc. (actions ordinaires de Classe A) au 30 juin 2025. Plusieurs entit茅s de Battery et personnes affili茅es d茅clarent des avoirs combin茅s en actions de Classe A et de Classe B qui, apr猫s m茅canismes de conversion, repr茅sentent des pourcentages 脿 un chiffre des actions de Classe A. le dossier 茅num猫re le nombre exact d'actions pour chaque d茅clarant et indique les pourcentages sur la base de 97 998 412 actions de Classe A en circulation au 3 juin 2025.
Le rapport pr茅cise le pouvoir de vote et de disposition : de nombreuses entit茅s Battery d茅clarent ne pas avoir de pouvoir de vote ni de pouvoir de disposition exclusif et d茅clarent plut么t un pouvoir de vote et de disposition partag茅 sur les actions d茅clar茅es. Des initi茅s individuels (par ex. Neeraj Agrawal) et des membres dirigeants de Battery sont identifi茅s avec leurs avoirs agr茅g茅s respectifs, et le dossier d茅cline le statut de 芦 groupe 禄. Le rapport incorpore par renvoi un accord de d茅p么t conjoint pr茅c茅demment d茅pos茅.
Battery Ventures und verbundene Fonds haben wirtschaftliche Beteiligungen an Braze, Inc. (Stammaktien Klasse A) zum 30. Juni 2025 offengelegt. Mehrere Battery-Fahrzeuge und zugeh枚rige Personen melden kombinierte Best盲nde aus Klasse-A- und Klasse-B-Aktien, die nach Umwandlungsmechaniken einstellige Prozents盲tze der Klasse-A-Aktien darstellen. Die Einreichung listet die genauen St眉ckzahlen f眉r jede meldende Person auf und gibt Prozents盲tze basierend auf 97.998.412 ausstehenden Klasse-A-Aktien zum 3. Juni 2025 an.
Der Bericht pr盲zisiert Stimm- und Verf眉gungsbefugnisse: Viele Battery-Einheiten geben an, keine alleinige Stimm- oder Verf眉gungsbefugnis zu haben und stattdessen gemeinsame Stimm- und Verf眉gungsrechte 眉ber die gemeldeten Aktien zu melden. Einzelne Insider (z. B. Neeraj Agrawal) und leitende Mitglieder von Battery werden mit ihren jeweiligen aggregierten Best盲nden identifiziert, und die Einreichung weist eine Gruppeneinstufung zur眉ck. Der Bericht bezieht sich auf eine zuvor eingereichte gemeinsame Einreichungsvereinbarung.
- Detailed, clear disclosure of share counts and percent ownership for each reporting person based on a stated share count
- Clear allocation of sole vs shared voting and dispositive power, with most Battery entities reporting zero sole power
- Express disclaimer that the Reporting Persons do not constitute a "group", reducing implications of coordinated control
- Identification of insiders (e.g., Neeraj Agrawal) with specific aggregate holdings, improving transparency
- Material insider holding: Neeraj Agrawal reports 7,662,772 shares (7.4%), a substantive stake that may be material to investors
- Concentrated shared voting power among BV Managing Members (shared voting power figures in the millions) which could influence governance despite no sole control being claimed
Insights
TL;DR Multiple Battery entities and BV managing members disclose modest, coordinated holdings in Braze with one insider above 5%.
The Schedule 13G/A provides a detailed, non鈥慳ctivist disclosure of beneficial ownership as of June 30, 2025. The filing aggregates shares issuable upon conversion of Class B to Class A and reports percentages using the issuer's stated outstanding Class A base (97,998,412). Key takeaways include Neeraj Agrawal's 7.4% beneficial ownership and several Battery vehicles holding between ~0.1% and ~2.8% each. Voting and dispositive authority is predominantly shared, and the Reporting Persons expressly disclaim group status, indicating this is a reporting exercise rather than an announcement of coordinated control or a takeover intent. The filing references an existing joint filing agreement, consistent with prior disclosures.
TL;DR Disclosure is thorough on voting/dispositive allocation; no single reporting person claims sole control over reported shares.
The statements precisely allocate sole versus shared voting and dispositive powers for each reporting person, with rows showing zero sole powers for most Battery entities and significant shared powers for BV Managing Members. This allocation is important for governance assessment because it indicates that, while collective ownership is material for monitoring, there is no asserted unilateral control in the filing. The express disclaimer of "group" status further reduces immediate governance alarm. The filing is procedural and aligns with SEC reporting norms for passive or investment holdings.
Battery Ventures e fondi affiliati hanno dichiarato partecipazioni di propriet脿 effettiva in Braze, Inc. (azioni ordinarie di Classe A) al 30 giugno 2025. Pi霉 veicoli di Battery e persone affiliate riportano detenzioni combinate tra azioni di Classe A e Classe B che, dopo i meccanismi di conversione, rappresentano percentuali a una cifra delle azioni di Classe A. Il deposito elenca i conteggi esatti delle azioni per ciascuna persona che riferisce e indica le percentuali basandosi su 97.998.412 azioni di Classe A in circolazione al 3 giugno 2025.
Il rapporto chiarisce il potere di voto e dispositvo: molte entit脿 di Battery dichiarano di non avere potere di voto o dispositvo esclusivo e invece riportano poteri di voto e dispositivi condivisi sulle azioni dichiarate. Sono identificati singoli insider (ad es. Neeraj Agrawal) e i membri gestori di Battery con le rispettive partecipazioni aggregate e il deposito dichiara di non costituire uno 鈥済roup鈥�. Il rapporto incorpora per riferimento un accordo di deposito congiunto precedentemente presentato.
Battery Ventures y fondos afiliados divulgaron participaciones beneficiarias en Braze, Inc. (acciones ordinarias Clase A) al 30 de junio de 2025. M煤ltiples veh铆culos de Battery y personas afiliadas informan tenencias combinadas entre acciones Clase A y Clase B que, tras los mecanismos de conversi贸n, representan porcentajes de un solo d铆gito de las acciones Clase A. La presentaci贸n detalla el n煤mero exacto de acciones de cada persona informante y establece porcentajes basados en 97.998.412 acciones Clase A en circulaci贸n al 3 de junio de 2025.
El informe aclara el poder de voto y dispositivo: muchas entidades de Battery declaran no tener poder de voto ni dispositivo exclusivo y en su lugar informan poder de voto y dispositivos compartidos sobre las acciones reportadas. Se identifican insiders individuales (p. ej., Neeraj Agrawal) y los miembros directivos de Battery con sus respectivas tenencias agregadas, y la presentaci贸n niega la condici贸n de 鈥済rupo鈥�. El informe incorpora por referencia un acuerdo de presentaci贸n conjunta presentado con anterioridad.
Battery Ventures鞕� 瓿勳棿 韼�霌滊摛鞚� 2025雲� 6鞗� 30鞚� 旮办 Braze, Inc.(韥措灅鞀� A 氤错喌欤�)鞐� 雽�頃� 鞁れ唽鞙犾攵勳潉 瓿店皽頄堨姷雼堧嫟. 鞐煬 Battery 瓿勳棿 彀焿 氚� 甏�霠� 臧滌澑霌れ澊 韥措灅鞀� A 氚� 韥措灅鞀� B 欤检嫕鞚� 頃╈偘頃� 氤挫湢毳� 氤搓碃頄堨溂氅�, 鞝勴櫂 氅旍护雼堨 鞝侅毄 頉� 韥措灅鞀� A 欤检嫕鞚� 頃� 鞛愲靾� 韻检劶韸胳棎 頃措嫻頃╇媹雼�. 鞝滌稖靹滊電� 臧� 氤搓碃鞛愳潣 鞝曧檿頃� 欤检嫕 靾橂ゼ 旮办灛頃橁碃, 2025雲� 6鞗� 3鞚� 旮办 鞙犿喌 欷戩澑 韥措灅鞀� A 欤检嫕 97,998,412欤茧ゼ 旮办鞙茧 氚彪秳鞙潉 氇呾嫓頃╇媹雼�.
氤搓碃靹滊姅 鞚橁舶甓� 氚� 觳橂秳甓岇潉 氇呿檿頌� 頃╇媹雼�: 毵庫潃 Battery 瓿勳棿 氩曥澑霌れ潃 雼弲 鞚橁舶甓� 霕愲姅 觳橂秳甓岇澊 鞐嗠嫟瓿� 氤搓碃頃橁碃 雽�鞁� 氤搓碃霅� 欤检嫕鞐� 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 瓿惦彊 觳橂秳甓岇潉 氤搓碃頃╇媹雼�. 臧滌澑 雮措秬鞛�(鞓�: Neeraj Agrawal)鞕� Battery鞚� 甏�毽� 氅る矂霌れ澊 臧侅瀽鞚� 齑� 氤挫湢鞕� 頃粯 鞁濍硠霅橂┌, 鞝滌稖靹滊電� 鞛愳嫚霌れ潉 鈥滉犯耄光�濎溂搿� 攴滌爼頃橃 鞎婋姅雼り碃 氇呾嫓頃╇媹雼�. 氤搓碃靹滊姅 鞚挫爠鞐� 鞝滌稖霅� 瓿惦彊 鞝滌稖 瓿勳暯鞚� 彀胳“搿� 韽暔頃╇媹雼�.
Battery Ventures et des fonds affili茅s ont d茅clar茅 des participations b茅n茅ficiaires dans Braze, Inc. (actions ordinaires de Classe A) au 30 juin 2025. Plusieurs entit茅s de Battery et personnes affili茅es d茅clarent des avoirs combin茅s en actions de Classe A et de Classe B qui, apr猫s m茅canismes de conversion, repr茅sentent des pourcentages 脿 un chiffre des actions de Classe A. le dossier 茅num猫re le nombre exact d'actions pour chaque d茅clarant et indique les pourcentages sur la base de 97 998 412 actions de Classe A en circulation au 3 juin 2025.
Le rapport pr茅cise le pouvoir de vote et de disposition : de nombreuses entit茅s Battery d茅clarent ne pas avoir de pouvoir de vote ni de pouvoir de disposition exclusif et d茅clarent plut么t un pouvoir de vote et de disposition partag茅 sur les actions d茅clar茅es. Des initi茅s individuels (par ex. Neeraj Agrawal) et des membres dirigeants de Battery sont identifi茅s avec leurs avoirs agr茅g茅s respectifs, et le dossier d茅cline le statut de 芦 groupe 禄. Le rapport incorpore par renvoi un accord de d茅p么t conjoint pr茅c茅demment d茅pos茅.
Battery Ventures und verbundene Fonds haben wirtschaftliche Beteiligungen an Braze, Inc. (Stammaktien Klasse A) zum 30. Juni 2025 offengelegt. Mehrere Battery-Fahrzeuge und zugeh枚rige Personen melden kombinierte Best盲nde aus Klasse-A- und Klasse-B-Aktien, die nach Umwandlungsmechaniken einstellige Prozents盲tze der Klasse-A-Aktien darstellen. Die Einreichung listet die genauen St眉ckzahlen f眉r jede meldende Person auf und gibt Prozents盲tze basierend auf 97.998.412 ausstehenden Klasse-A-Aktien zum 3. Juni 2025 an.
Der Bericht pr盲zisiert Stimm- und Verf眉gungsbefugnisse: Viele Battery-Einheiten geben an, keine alleinige Stimm- oder Verf眉gungsbefugnis zu haben und stattdessen gemeinsame Stimm- und Verf眉gungsrechte 眉ber die gemeldeten Aktien zu melden. Einzelne Insider (z. B. Neeraj Agrawal) und leitende Mitglieder von Battery werden mit ihren jeweiligen aggregierten Best盲nden identifiziert, und die Einreichung weist eine Gruppeneinstufung zur眉ck. Der Bericht bezieht sich auf eine zuvor eingereichte gemeinsame Einreichungsvereinbarung.
FAQ
What ownership stake did Battery Ventures report in Braze (BRZE)?
Which individual reported more than 5% ownership of Braze (BRZE)?
Do any reporting persons claim sole voting or dispositive power over the shares?
Does the filing state the number of Class A shares outstanding used to calculate percentages?
Did the Reporting Persons claim they form a group under Schedule 13G?
