The cluster is small relative to market cap but involves two senior revenue-generating executives selling near recent highs. Monitor for any upcoming earnings pre-announcement or guidance revision. If the stock breaks below $30 support, the selling pattern may accelerate. The cross-filing actuarial verdicts show this cluster-insider-trades combo is an amplifier, but the absolute dollar amount is too small to justify a higher impact score.
Price Chart
Executive Summary
Two C-suite insiders at Braze (CTO and CRO) sold a combined $1.24M in open-market sales over a 4-day window. The CTO's $1.05M sale is the largest single transaction. While the dollar amount is modest relative to Braze's $4.2B market cap (0.03%), the cluster involves two senior revenue-generating executives selling near a 52-week high, which warrants attention. The sales are not part of a clear 10b5-1 pattern based on the irregular sizes and dates, but the absolute value is too small to be a strong bearish signal on its own.
Key Financial Metrics
Key Facts
- CTO Jonathan Hyman sold 42,000 shares total ($1.36M) across two days (Aug 24 and Aug 27)
- CRO Edward McDonnell sold 29,732 shares total ($933K) on Aug 24
- Total insider sales of $2.3M over 4 days represent ~0.05% of Braze's $4.2B market cap
- Both executives are C-suite (CTO and CRO), increasing the signal weight
- No insider purchases were reported in the same window
Financial Impact
Total insider sales of $2.3M, or 0.05% of market cap — below the 0.1% materiality threshold
Risk Factors
- Insider selling may signal lack of confidence in near-term growth trajectory
- C-suite sales near 52-week highs could precede a pullback
- No insider buying to offset the selling creates a one-sided signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BRZE-1787950899381 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | DEFA14A | $45.86 $45.88 | ▲ +0.04% | ▲ +0.57% | $45.84 (−0.04%) |
Oct 20, 2026 6d ago | DEFA14A | $45.68 $45.86 | ▲ +0.39% | ▲ +1.57% | $45.84 (+0.35%) |
Oct 20, 2026 6d ago | DEFA14A | $45.57 $45.68 | ▲ +0.24% | ▼ −0.28% | $45.84 (+0.59%) |
Oct 20, 2026 6d ago | 8-K | $45.57 $45.68 | ▲ +0.24% | ▼ −0.28% | $45.84 (+0.59%) |
Oct 16, 2026 10d ago | SC 13G/A | $30.04 $45.57 | ▲ +51.70% | ▲ +51.36% | $45.84 (+52.60%) |
Aug 28, 2026 8w ago | Insider Cluster | $34.04 $32.78 | ▲ +3.70% | ▲ +3.01% | $45.84 (−34.67%) |
Aug 26, 2026 8w ago | Insider Cluster | $34.09 $34.53 | ▲ +1.29% | ▲ +1.52% | $45.84 (+34.47%) |
Aug 21, 2026 9w ago | Insider Cluster | $31.44 $30.80 | ▼ −2.04% | ▼ −2.36% | $45.84 (+45.80%) |
Aug 14, 2026 10w ago | Insider Cluster | $27.95 $29.12 | ▲ +4.19% | ▲ +4.86% | $45.84 (+64.01%) |
Aug 14, 2026 10w ago | Insider Cluster | $27.95 $29.12 | ▲ +4.19% | ▲ +4.86% | $45.84 (+64.01%) |
US Market Status
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