Sec Form 13G Filing - Battery Ventures XI-A L.P. filing for Braze Inc. (BRZE) - 2022-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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  UNITED STATES

  SECURITIES AND EXCHANGE COMMISSION

  Washington, D.C. 20549

     

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.    )*

 

Braze, Inc.

(Name of Issuer)

 

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

 

10576N102

(CUSIP Number)

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
   
¨ Rule 13d-1(c)
   
x Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. 10576N102
 
  1. Names of Reporting Persons
Battery Ventures XI-A, L.P. (“BV11-A”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
    (b)  x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
5,987,707 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 1
 
6. Shared Voting Power
See response to row 5.
 
7. Sole Dispositive Power
5,987,707 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 1
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
5,987,707 shares 1
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
22.7%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

1 This amount includes 5,987,707 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 

 2 

 

 

CUSIP No. 10576N102
 
  1. Names of Reporting Persons
Battery Ventures XI-B, L.P. (“BV11-B”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
1,582,083 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 2
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
 1,582,083 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 2
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,582,083 shares 2
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
6%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

2 This amount includes 1,582,083 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 

 3 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Ventures XI-A Side Fund, L.P. (“BV11-A SF”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
6,220,863 shares, except that Battery Partners XI Side Fund, LLC (“BP11SF”), the general partner of BV11-A SF and BV11-B SF, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 3
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
 6,220,863 shares, except that Battery Partners XI Side Fund, LLC (“BP11SF”), the general partner of BV11-A SF and BV11-B SF, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 3
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,220,863 shares 3
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
23.6%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

3 This amount includes 6,220,863 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 

 4 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Ventures XI-B Side Fund, L.P. (“BV11-B SF”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or P lace of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
1,348,927 shares, except that Battery Partners XI Side Fund, LLC (“BP11SF”), the general partner of BV11-A SF and BV11-B SF, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 4
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
1,348,927 shares, except that Battery Partners XI Side Fund, LLC (“BP11SF”), the general partner of BV11-A SF and BV11-B SF, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 4
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,348,927 shares 4
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
5.1%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

4 This amount includes 1,348,927 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 

 5 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Investment Partners XI, LLC (“BIP11”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
277,516 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 5
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
277,516 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 5
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
277,516 shares 5
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
1.1%
 
  12. Type of Reporting Person (See Instructions)
OO

 

 

5 This amount includes 277,516 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 6 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Partners XI, LLC (“BP11”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
7,847,306 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 6
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
7,847,306 shares, except that Battery Partners XI, LLC (“BP11”), the general partner of BV11-A, BV11-B, and managing member of BIP11, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 6
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,847,306 shares 6
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
29.7%
 
  12. Type of Reporting Person (See Instructions)
OO

 

 

6 This amount includes 7,847,306 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 

 7 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Partners XI Side Fund, LLC (“BP11SF”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
7,569,790 shares, except that Battery Partners XI Side Fund, LLC (“BP11SF”), the general partner of BV11-A SF and BV11-B SF, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the voting of these shares. 7
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
7,569,790 shares, except that Battery Partners XI Side Fund, LLC (“BP11SF”), the general partner of BV11-A SF and BV11-B SF, and its investment advisor Battery Management Corp. (“BMC,” and together with BP11 and BP11SF, the “Battery XI Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea R. Stoner (“Stoner”), Dharmesh Thakker (“Thakker”) and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery XI Companies, may be deemed to have shared power to direct the disposition of these shares. 7
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,569,790 shares 7
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
28.7%
 
  12. Type of Reporting Person (See Instructions)
OO

 

 

7 This amount includes 7,569,790 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 8 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Ventures Select Fund I, L.P. (“BV Select”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
2,212,467 shares, except that Battery Partners Select Fund I, L.P. (“BP Select LP”), the general partner of BV Select, Battery Partners Select Fund I GP, LLC (“BP Select LLC”), the general partner of BP Select LP and BIP Select, and its investment advisor Battery Management Corp. (“BMC,” and together with BP Select LLC, the “Battery Select Companies”) may be deemed to have sole power to direct the voting of these shares; each of Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Morad Elhafed (“Elhafed”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea Stoner (“Stoner”), Dharmesh Thakker (“Thakker”), and Scott R. Tobin (“Tobin”), each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 8
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
2,212,467 shares, except that Battery Partners Select Fund I, L.P. (“BP Select LP”), the general partner of BV Select, Battery Partners Select Fund I GP, LLC (“BP Select LLC”), the general partner of BP Select LP and BIP Select, and its investment advisor Battery Management Corp. (“BMC,” and together with BP Select LLC, the “Battery Select Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 8
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,212,467 shares 8
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 8
 
  11. Percent of Class Represented by Amount in Row (9)
8.4%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

8 This amount includes 816,717 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 9 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Partners Select Fund I, L.P. (“BP Select LP”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
2,212,467 shares, except that Battery Partners Select Fund I, L.P. (“BP Select LP”), the general partner of BV Select, Battery Partners Select Fund I GP, LLC (“BP Select LLC”), the general partner of BP Select LP and BIP Select, and its investment advisor Battery Management Corp. (“BMC,” and together with BP Select LLC, the “Battery Select Companies”) may be deemed to have sole power to direct the voting of these shares; each of Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 8
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
2,212,467 shares, except that Battery Partners Select Fund I, L.P. (“BP Select LP”), the general partner of BV Select, Battery Partners Select Fund I GP, LLC (“BP Select LLC”), the general partner of BP Select LP and BIP Select, and its investment advisor Battery Management Corp. (“BMC,” and together with BP Select LLC, the “Battery Select Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 8
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,212,467 shares 8
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 8
 
  11. Percent of Class Represented by Amount in Row (9)
8.4%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

8 This amount includes 816,717 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 10 

 

  

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Investment Partners Select Fund I, L.P. (“BIP Select”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
250,958 shares, except that Battery Partners Select Fund I GP, LLC (“BP Select LLC”), the general partner of BP Select LP and BIP Select, and its investment advisor Battery Management Corp. (“BMC,” and together with BP Select LLC, the “Battery Select Companies”) may be deemed to have sole power to direct the voting of these shares; each of Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 9
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
250,958 shares, except that Battery Partners Select Fund I GP, LLC (“BP Select LLC”), the general partner of BP Select LP and BIP Select, and its investment advisor Battery Management Corp. (“BMC,” and together with BP Select LLC, the “Battery Select Companies”) may be deemed to have sole power to direct the disposition of these shares; each of Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 9
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
250,958 shares 9
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
9.5%
 
  12. Type of Reporting Person (See Instructions)
PN

 

 

9 This amount includes 221,708 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock.

 

 11 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Partners Select Fund I GP, LLC (“BP Select LLC”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
2,463,425 shares, of which 2,212,467 shares are directly owned by BV Select LP and of which 221,708 shares are owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 10
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
2,463,425 shares, of which 2,212,467 shares are directly owned by BV Select LP and of which 221,708 shares are owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 10
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,463,425 shares 10
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 10
 
  11. Percent of Class Represented by Amount in Row (9)
9.3%
 
  12. Type of Reporting Person (See Instructions)
OO

 

 

10 This amount includes 1,038,425 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 12 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Battery Management Corp. (“BMC”)
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Massachusetts
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
6. Shared Voting Power
 See response to row 5.
 
7. Sole Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
8. Shared Dispositive Power
See response to row 7.
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
17,880,521 shares 11
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
OO

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 13 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Neeraj Agrawal
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,880,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

  

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Michael Brown
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
17,880,521 shares 11
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

  

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 15 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Jesse Feldman
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,880,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common sto ck potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock. 

  

 16 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Roger H. Lee
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,880,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

&# xA0;

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons' ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 17 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Scott R. Tobin
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,880,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 18 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Chelsea R. Stoner
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,880,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock. 

  

 19 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Morad Elhafed
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
2,463,425 shares, of which 2,212,467 shares are directly owned by BV Select LP and of which 221,708 shares are owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 10
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
2,463,425 shares, of which 2,212,467 shares are directly owned by BV Select LP and of which 221,708 shares are owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of the Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 10
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

2,463,425 shares 10

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 10
 
  11. Percent of Class Represented by Amount in Row (9)
9.3%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

10 This amount includes 1,038,425 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 20 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Dharmesh Thakker
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,880,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 21 

 

 

CUSIP No. 10576N102

 
  1. Names of Reporting Persons
Russell Fleischer
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
USA
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
0
 
6. Shared Voting Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the voting of these shares. 11
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
17,880,521 shares, of which 5,987,707 shares are directly owned by BV11-A, 1,582,083 shares are directly owned by BV-11B, 6,220,863 shares are directly owned by BV11-ASF, 1,348,927 shares are directly owned by BV11-BSF, 277,516 shares are directly owned by BIP11, 2,212,467 shares are directly owned by BV Select, and 250,958 shares are directly owned by BIP Select, except that Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker and Tobin, each of whom is a managing member or officer of either the Battery XI Companies or Battery Select Companies, may be deemed to have shared power to direct the disposition of these shares. 11
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

17,8 80,521 shares 11

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11
 
  11. Percent of Class Represented by Amount in Row (9)
67.7%
 
  12. Type of Reporting Person (See Instructions)
IN

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

 22 

 

 

Item 1.
  (a) Name of Issuer
Braze, Inc.
  (b)

Address of Issuer’s Principal Executive Offices
330 West 34th Street, Floor 18

New York, NY 10001

 
Item 2.
  (a)

Name of Person Filing
Battery Ventures XI-A, L.P. (“BV11-A”), Battery Ventures XI-B, L.P. (“BV11-B”), Battery Ventures XI-A Side Fund, L.P. (“BV11-A SF”), Battery Ventures XI-B Side Fund, L.P. (“BV11-B SF”), Battery Investment Partners XI, LLC (“BIP11”), Battery Partners XI, LLC (“BP11”), Battery Partners XI Side Fund, LLC (“BP11SF”), Battery Ventures Select Fund I, L.P. (“BV Select”), Battery Investment Partners Select Fund I, L.P. (“BIP Select”), Battery Partners Select Fund I, L.P. (“BP Select LP”), Battery Partners Select Fund I GP, LLC (“BP Select LLC”), “Battery Management Corp. (“BMC”), Neeraj Agrawal (“Agrawal”), Michael Brown (“Brown”), Morad Elhafed (“Elhafed”), Jesse Feldman (“Feldman”), Russel Fleischer (“Fleischer”), Roger H. Lee (“Lee”), Chelsea Stoner (“Stoner”), Dharmesh Thakker (“Thakker”), and Scott R. Tobin (“Tobin”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

 

Agrawal, Brown, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin are the sole managing members of BP11, the general partner of BV11-A and BV11-B and managing member of BIP11, BP11SF, the general partner of BV-11A SF and BV-11B SF, and/or the officers of BMC, the investment advisor to BP11 and BP11SF.

 

Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin are the sole managing members of BP Select LLC, the general partner of BP Select LP and BIP Select, and ultimate general partner of BV Select.

  (b)

Address of Principal Business Office or, if none, Residence

Battery Ventures

One Marina Park Drive

Suite 1100

Boston, MA 02210

  (c) Citizenship
Agrawal, Brown, Elhafed, Feldman, Fleischer, Lee, Stoner, Thakker, and Tobin are United States citizens.  BV11-A, BV11-B, BV-11A SF, BV-11B SF, BV Select, BP Select LP, and BIP Select are limited partnerships organized under the laws of the State of Delaware. BP11, BP11SF, and BP Select LLC are limited liability companies organized under the laws of the State of Delaware. BMC is a corporation organized under the laws of the Commonwealth of Massachusetts.
  (d) Title of Class of Securities
Class A Common Stock, $0.0001 par value per share
  (e) CUSIP Number
10576N102
 
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

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Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

The approximate percentages of Common Stock reported as beneficially owned by the Reporting Persons is based upon 9,943,054 shares of Common Stock outstanding as of December 15, 2021, as reported in the Issuer’s Form 10-Q filed on December 21, 2021. 11

 
  (a)

Amount beneficially owned:

See Row 9 of cover page for each Reporting Person.

  (b)

Percent of class:

See Row 11 of cover page for each Reporting Person.

     
  (c)

Number of shares as to which the person has:

 

    (i)

Sole power to vote or to direct the vote

See Row 5 of cover page for each Reporting Person.

    (ii)

Shared power to vote or to direct the vote

See Row 6 of cover page for each Reporting Person.

    (iii)

Sole power to dispose or to direct the disposition of

See Row 7 of cover page for each Reporting Person.

    (iv)

Shared power to dispose or to direct the disposition of

See Row 8 of cover page for each Reporting Person.

 
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   ¨.
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Under certain circumstances set forth in the limited partnership agreement of BV11-A, BV11-B, BV11-A SF, BV11-B SF, BV Select, and BIP Select, the general and limited partners may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the Issuer owned by BV11-A, BV11-B, BV11-A SF, BV11-B SF, BV Select, and BIP Select.  Under certain circumstances set forth in the limited liability company agreement of BIP11, the members may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the Issuer owned by BIP11.
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
N/A
 
Item 8. Identification and Classification of Members of the Group
N/A
 
Item 9. Notice of Dissolution of Group
N/A
 
Item 10. Certification
N/A

 

 

11 This amount includes 16,455,521 shares of Class A common stock issuable upon the voluntary conversion of Class B common stock, but excludes an additional 325,000 shares of Class A common stock potentially issuable upon conversion of Class B common stock, because such shares are not convertible within 60 days of December 31, 2021 by virtue of an agreement between the reporting persons and the Company that restricts the reporting persons’ ability to voluntarily convert their shares of Class B common stock to Class A common stock.

 

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Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  BATTERY VENTURES XI, L.P.
   
  By: Battery Partners XI, LLC
   
  By: *
    Managing Member
   
  BATTERY INVESTMENT PARTNERS XI, LLC
   
  By: Battery Partners XI, LLC
   
  By: *
    Managing Member
   
  BATTERY PARTNERS XI, LLC
   
  By: *
    Managing Member
   
  BATTERY VENTURES SELECT FUND I, L.P.
   
  By: Battery Partners Select Fund I, L.P.
  By: Battery Partners Select Fund I GP, LLC
   
  By: *
    Managing Member
   
  BATTERY PARTNERS SELECT FUND I, L.P.
   
  By: Battery Partners Select Fund I GP, LLC
   
  By: *
    Managing Member
   
  BATTERY INVESTMENT PARTNERS SELECT FUND I, L.P.
   
  By: Battery Partners Select Fund I GP, LLC
   
  By: *
    Managing Member
   
  BATTERY PARTNERS SELECT FUND I GP, LLC
   
  By: *
    Managing Member
   
  BATTERY MANAGEMENT CORP.
   
  By: *
    Chief Financial Officer

 

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  NEERAJ AGRAWAL
   
  By: *
    Neeraj Agrawal
   
  MICHAEL BROWN
   
  By: *
    Michael Brown
   
  JESSE FELDMAN
   
  By: *
    Jesse Feldman
   
  ROGER H. LEE
   
  By: *
    Roger H. Lee
   
  SCOTT R. TOBIN
   
  By: *
    Scott R. Tobin
   
  CHELSEA R. STONER
   
  By: *
    Chelsea R. Stoner
   
  RUSSELL FLEISCHER
   
  By: *
  Russell Fleischer
   
  MORAD ELHAFED
   
  By: *
  Morad Elhafed
   
  DHARMESH THAKKER
   
  By: *
  Dharmesh Thakker

 

*By: /s/ Christopher Schiavo  
     
Name: Christopher Schiavo
Attorney-in-Fact
 

 

 

 

This Schedule 13G was executed pursuant to a Power of Attorney.   Note that copies of the applicable Powers of Attorney are already on file with the appropriate agencies.

 

  ATTENTION  
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

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