Vanguard Portfolio Management filed an amended Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 5,599,861 shares of Braze Inc common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Portfolio Management reported 5,599,861 shares of Braze Inc common stock, representing 4.93% of the class.
  • Sole dispositive power: Vanguard Portfolio Management holds sole power to dispose of all 5,599,861 shares, with no shared dispositive power reported.
  • Sole voting power: Only 88,151 shares carry sole voting power; shared voting power is reported as zero.
  • Event date: The filing reflects ownership as of September 30, 2026, and was signed October 30, 2026, by My Trieu-Gatt, Authorized Signatory and Head of Global Fund Administration.
  • Affiliates included: The disclosure covers securities deemed beneficially owned by Vanguard Portfolio Management LLC, Vanguard Fiduciary Trust Company, and Vanguard Global Advisers, LLC.
  • Ownership threshold: The filing was made under Item 5, confirming ownership of 5 percent or less of the class.

Vanguard's Position in Braze, a Customer Engagement Software Company

Braze Inc, headquartered at 63 Madison Building, 28 E 28th St, Floor 12, New York, NY 10016, is the issuer of the common stock covered by this filing. The company's shares trade on NASDAQ:BRZE. Vanguard Portfolio Management, organized in Pennsylvania and headquartered at 100 Vanguard Blvd, Malvern, PA 19355, filed this amendment as an investment adviser, identified in the filing under type code "IA."

According to the filing, the 5,599,861 shares reported represent combined holdings across Vanguard funds, and separately managed accounts over which affiliated entities, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, exercise dispositive or voting authority. The filing notes that it does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC whose ownership is disaggregated from that of the reporting business unit, in accordance with SEC Release No. 34-39538 dated January 12, 1998.

The filing further discloses that Vanguard Portfolio Management, including registered investment companies and other managed accounts, holds "the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein," and that no single other person's interest in the reported securities exceeds 5%. The certifying signatory confirmed the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of Braze Inc.

What Was Disclosed

Vanguard Portfolio Management reported amended beneficial ownership of 5,599,861 shares of Braze Inc common stock, equal to 4.93% of the class, as of September 30, 2026. Sole voting power applies to 88,151 shares, while full sole dispositive power covers all reported shares.