# EDGAR Filing Document

**Accession Number:** 0001676238
**File Stem:** 0000950103-26-004653
**Filing Date:** 2026-3
**Character Count:** 20587
**Document Hash:** c5aae327024655660a4ead3d3217d43e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-26-004653.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000950103-26-004653

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**EFFECTIVENESS DATE**: 20260325

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Braze, Inc.
- **CENTRAL INDEX KEY:** 0001676238
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 452505271
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-294607
- **FILM NUMBER:** 26793543

**BUSINESS ADDRESS:**
- **STREET 1:** 63 MADISON BUILDING
- **STREET 2:** 28 E. 28TH ST., FLOOR 12 MAILROOM
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** (609) 964-0585

**MAIL ADDRESS:**
- **STREET 1:** 63 MADISON BUILDING
- **STREET 2:** 28 E. 28TH ST., FLOOR 12 MAILROOM
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Appboy, Inc.
- **DATE OF NAME CHANGE:** 20160602

**As filed with the Securities and Exchange Commission on March 25, 2026.**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549** 

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**Braze, Inc.**

**(Exact name of Registrant as specified in its charter)** 

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| | |
|:---|:---|
| **Delaware** | **47-2505271** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**63 Madison Building**

**28 East 28th Street, Floor 12**

**New York, New York 10016**

**(609) 964-0585**

**(Address of principal executive offices) (Zip code)** 

**Braze, Inc. 2021 Equity Incentive Plan**

**Braze, Inc. 2021 Employee Stock Purchase Plan**

**(Full titles of the plans)** 

**William Magnuson**

**Chief Executive Officer**

**Braze, Inc.** 

**63 Madison Building**

**28 East 28th Street, Floor 12**

**New York, New York 10016**

**(609) 964-0585** 

**(Name, address and telephone number, including area code, of agent for service)** 

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| | |
|:---|:---|
| ***Copies to:*** | ***Copies to:*** |
| **Nicole Brookshire**<br> **Davis Polk & Wardwell LLP**<br> **450 Lexington Avenue** <br> **New York, New York 10017**<br> **(212) 450-4000**<br>| **Isabelle Winkles**<br> **Chief Financial Officer**<br> **Braze, Inc.**<br> **63 Madison Building**<br> **28 East 28th Street, Floor 12**<br> **New York, New York 10016**<br> **(609) 964-0585** |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| | |
|:---|:---|
| X Large accelerated filer | Accelerated filer |
| Non-accelerated filer | Smaller reporting company |
|  | Emerging growth company |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**REGISTRATION OF ADDITIONAL SHARES**

**PURSUANT TO GENERAL INSTRUCTION E**

Pursuant to General Instruction E of Form S-8, Braze, Inc. (the "***Registrant***") is filing this Registration Statement on Form S-8 (this "***Registration Statement***") with the Securities and Exchange Commission (the "***Commission***") to register (i) 5,638,532 additional shares of its Class A common stock under the Registrant's 2021 Equity Incentive Plan (the "***2021 Plan***"), pursuant to the provisions of the 2021 Plan providing for an automatic increase in the number of shares Class A common stock reserved and available for issuance under the 2021 Plan on February 1, 2026, and (ii) 1,127,706 additional shares of its Class A common stock under the Registrant's 2021 Employee Stock Purchase Plan (the "***2021 ESPP***"), pursuant to the provisions of the 2021 ESPP providing for an automatic increase in the number of shares of Class A common stock reserved and available for issuance under the 2021 ESPP on February 1, 2026. In accordance with the instructional note to Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of the Form S-8 has been omitted from this Registration Statement.

**PART II** 

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| | |
|:---|:---|
| **ITEM 3.** | **INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE** |

---

The following documents filed by the Registrant with the Commission are incorporated by reference into this Registration Statement:

(a) The contents of the Registrant's Registration Statement on Form S-8, filed with the Commission on November 19, 2021 (File No [333-261206](https://www.sec.gov/Archives/edgar/data/1676238/000119312521334606/d201745ds8.htm)), filed with the Commission on March 31, 2022 (File No [333-264017](https://www.sec.gov/Archives/edgar/data/1676238/000119312522091760/d700961ds8.htm)), filed with the Commission on April 3, 2023 (File No [333-271069](https://www.sec.gov/Archives/edgar/data/1676238/000095010323005241/dp191566_s8.htm)), filed with the Commission on April 1, 2024 (File No. [333-278424](https://www.sec.gov/Archives/edgar/data/1676238/000095010324004731/dp209248_s8.htm)) and filed with the Commission on March 31, 2025 (File No. [333-286277](https://www.sec.gov/Archives/edgar/data/1676238/000095010325004123/dp226839_s8.htm)).

(b) The Registrant's Annual Report on Form [10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001676238/000167623826000013/brze-20260131.htm) for the fiscal year ended January 31, 2026, filed with the Commission on March 25, 2026 (the "***2026 Annual Report***").

(c) The description of the Registrant's Class A common stock which is contained in [Exhibit 4.2](https://www.sec.gov/Archives/edgar/data/1676238/000167623826000013/ex42-fy2610k.htm) to the 2026 Annual Report, including any amendment or report filed for the purpose of updating such description.

(d) All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended, (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

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| | |
|:---|:---|
| **ITEM 8.** | **EXHIBITS** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | |
| <br>**Exhibit<br> Number** | <br>**Description** | **Schedule<br> Form** | **File Number** | **Exhibit** | <br>**Filing Date** |
| 4.1 | [Amended and Restated Certificate of Incorporation of the Registrant.](https://www.sec.gov/Archives/edgar/data/1676238/000119312521338675/d262820dex31.htm) | 8-K | 001-41065 | 3.1 | November 23, 2021 |
| 4.1.1 | [Certificate of Retirement of Class B Common Stock of Braze, Inc.](https://www.sec.gov/Archives/edgar/data/1676238/000167623826000006/ex31-certificateofretireme.htm) | 8-K | 001-41065 | 3.1 | February 2, 2026 |
| 4.2 | [Amended and Restated Bylaws of the Registrant.](https://www.sec.gov/Archives/edgar/data/1676238/000167623824000208/a20241031-brazeincxex32xq3.htm) | 10-Q | 001-41065 | 3.2 | December 10, 2024 |
| 4.3 | [Form of Class A Common Stock Certificate of the Registrant.](https://www.sec.gov/Archives/edgar/data/1676238/000119312521322227/d40379dex41.htm) | S-1/A | 333-260428 | 4.1 | November 8, 2021 |
| 5.1\* | [Opinion of Davis Polk & Wardwell LLP.](dp244112_ex0501.htm) |  |  |  |  |
| 23.1\* | [Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.](dp244112_ex2301.htm) |  |  |  |  |
| 23.2\* | [Consent of Davis Polk & Wardwell (included in Exhibit 5.1).](dp244112_ex0501.htm) |  |  |  |  |
| 24.1\* | [Power of Attorney (included on the signature page of this Form S-8).](#a_001) |  |  |  |  |
| 99.1 | [Braze, Inc. 2021 Equity Incentive Plan, and forms of agreements thereunder.](https://www.sec.gov/Archives/edgar/data/1676238/000119312521322227/d40379dex103.htm) | S-1/A | 333-260428 | 10.3 | November 8, 2021 |
| 99.2 | [Braze, Inc. 2021 Employee Stock Purchase Plan.](https://www.sec.gov/Archives/edgar/data/1676238/000119312521322227/d40379dex104.htm) | S-1/A | 333-260428 | 10.4 | November 8, 2021 |
| 107\* | [Filing fee table.](dp244112_exfilingfees.htm) |  |  |  |  |

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\* Filed herewith

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on this 25<sup>th</sup> day of March, 2026.

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| | |
|:---|:---|
| **BRAZE, INC.** | **BRAZE, INC.** |
| By: | /s/ William Magnuson |
| Name: | William Magnuson |
| Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY** 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and William Magnuson, Isabelle Winkles and Susan Wiseman, each of them, as his or her true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in their name, place or stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to sign any registration statement for the same offering covered by this Registration Statement that is to be effective upon filing pursuant to Rule 462(b) promulgated under the Securities Act, and all post-effective amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his, her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ William Magnuson | Chief Executive Officer, President and Chairman<br> (*Principal Executive Officer*) | March 25, 2026 |
| William Magnuson | Chief Executive Officer, President and Chairman<br> (*Principal Executive Officer*) | March 25, 2026 |
| /s/ Isabelle Winkles | Chief Financial Officer<br> (*Principal Financial Officer*) | March 25, 2026 |
| Isabelle Winkles | Chief Financial Officer<br> (*Principal Financial Officer*) | March 25, 2026 |
| /s/ Pankaj Malik | Chief Accounting Officer<br> (*Principal Accounting Officer*) | March 25, 2026 |
| Pankaj Malik | Chief Accounting Officer<br> (*Principal Accounting Officer*) | March 25, 2026 |
| /s/ Neeraj Agrawal | Director | March 25, 2026 |
| Neeraj Agrawal | Director | March 25, 2026 |
| /s/ Phillip M. Fernandez | Director | March 25, 2026 |
| Phillip M. Fernandez | Director | March 25, 2026 |
| /s/ Tara Levy | Director | March 25, 2026 |
| Tara Levy | Director | March 25, 2026 |
| /s/ David Obstler | Director | March 25, 2026 |
| David Obstler | Director | March 25, 2026 |
| /s/ Yvonne Wassenaar | Director | March 25, 2026 |
| Yvonne Wassenaar | Director | March 25, 2026 |
| /s/ Fernando Machado | Director | March 25, 2026 |
| Fernando Machado | Director | March 25, 2026 |

---

## Exhibit 5.1

**Exhibit 5.1**

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| | |
|:---|:---|
| ![](image_001.jpg) | Davis Polk & Wardwell llp<br> 450 Lexington Avenue<br> New York, NY 10017<br> davispolk.com |

---

March 25, 2026

Re: Opinion of Davis Polk & Wardwell Llp

Braze, Inc.

63 Madison Building

28 East 28th Street, Floor 12<br> New York, NY 10016

Ladies and Gentlemen:

We have acted as special counsel to Braze, Inc., a Delaware corporation (the "***Company***"), and are delivering this opinion in connection with the Company's Registration Statement on Form S-8 (the "***Registration Statement***") filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, for the registration of (1) 5,638,532 additional shares of the Company's Class A common stock, par value $0.0001 per share (the "***Common Stock***"), under the Braze, Inc. 2021 Equity Incentive Plan (the "***2021 EIP***"), pursuant to the provisions of the 2021 EIP providing for an automatic increase in the number of shares of Common Stock reserved and available for issuance under the 2021 EIP on February 1, 2026 and (2) 1,127,706 additional shares of Common Stock under the Braze, Inc. 2021 Employee Stock Purchase Plan (the "***2021 ESPP,***" and, together with the 2021 EIP, the "***Plans***"), pursuant to the provisions of the 2021 ESPP providing for an automatic increase in the number of shares of Common Stock reserved and available for issuance under the 2021 ESPP on February 1, 2026.

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vi) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

On the basis of the foregoing, we are of the opinion that the shares of Common Stock have been duly authorized and, when and to the extent issued pursuant to the Plans upon receipt by the Company of the consideration for the share of Common Stock specified therein, if and as applicable, will be validly issued, fully paid and non-assessable.

We are members of the Bar of the State of New York and the foregoing opinion is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware.

![](image_001.jpg)

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

Very truly yours,

/s/ Davis Polk & Wardwell LLP

## Exhibit 23.1

**Exhibit 23.1**

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2021 Equity Incentive Plan and 2021 Employee Stock Purchase Plan of Braze, Inc. of our reports dated March 24, 2026, with respect to the consolidated financial statements of Braze, Inc. and the effectiveness of internal control over financial reporting of Braze, Inc. included in its Annual Report (Form 10-K) for the year ended January 31, 2026, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

New York, NY

March 25, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**BRAZE, INC.**

**Table 1: Newly Registered Securities**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Class A common stock, par value $0.0001 per share | (1) | Other | 5638532 | $18.15 | $102339355.80 | 0.0001381 | $14133.07 |
| Equity | Class A common stock, par value $0.0001 per share | (2) | Other | 1127706 | $15.43 | $17400503.58 | 0.0001381 | $2403.01 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $119739859.38 |  | $16536.08 |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $16536.08 |

---

**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) (a) Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of Registrant's Class A common stock that become issuable under the plans set forth herein by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected that results in an increase to the number of outstanding shares of Registrant's Class A common stock. (b) The Amount Registered represents an automatic annual increase equal to (i) 5,638,532 shares of Registrant's Class A common stock, which is 5% of the total number of shares of the Registrant's Class A common stock outstanding on the last day of the immediately preceding fiscal year to the aggregate number of shares of the Registrant's Class A common stock reserved for issuance under, and which annual increase is provided by, the Registrant's 2021 Equity Incentive Plan (as amended, the "2021 Plan") and (ii) 1,127,706 shares of the Registrant's Class A common stock, which is 1% of the total number of shares of the Registrant's Class A common stock outstanding on the last day of the immediately preceding fiscal year to the aggregate number of shares of the Registrant's Class A common stock reserved for issuance under, and which annual increase is provided by, the Registrant's 2021 Employee Stock Purchase Plan (the "2021 ESPP"). (c) The Proposed Maximum Offering Price Per Share is estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act. The Proposed Maximum Offering Price Per Share and the Proposed Maximum Aggregate Offering Price are based on $18.15, the average of the high and low prices of the Registrant's Class A common stock as reported on the Nasdaq Global Select Market on March 24, 2026. Under the 2021 ESPP, the purchase price of a share of common stock is equal to 85% of the fair market value of the Registrant's Class A common stock on the offering date or the purchase date, whichever is less. The Amount of Registration Fee is rounded up to the nearest penny.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Please see Offering Note (1).