Kleeger (Pres & CCO) sells 37,900 BRZE shares at $45.11 for $1.7M; retains 184.4K shares post-sale
Kleeger sold 37,900 shares at $45.11, reducing his stake by -17.0% of pre-transaction holdings to 184.4K shares. The stock has advanced +23.0% in the past 30 days and +21.8% over 90 days, trading 25.8% below its 52-week high of $59.73. His prior five sales at BRZE show mixed timing: two of five were well-timed (negative 90-day returns post-sale), while three resulted in subsequent gains. Across all tickers, his cross-ticker track record shows a 28.57% well-timed rate on seven prior sells (90-day returns averaging +1.8% overall, though individual timing outcomes are mixed). The company remains unprofitable (net income $-27.9M against $152.1M quarterly revenue), though revenue grew 32.7% year-over-year. The sale occurs as the stock has rebounded significantly from recent lows; the timing relative to fundamental performance and long-term stock price momentum warrants observation but does not constitute a clear directional signal given the insider's mixed track record at this ticker.
Kleeger (Pres & CCO) sells 50,000 BRZE shares for $2.3M at $45.65 avg; stock now -25.4% from 52-week high
Kleeger executed two separate sales totaling 50,000 shares for $2,282,549.38 on 2024-08-26, reducing his stake by 20.0% to 199,963 shares post-transaction. The blended average sale price of $45.65 sits above the current price of $44.55 but well below the 52-week high of $59.73 (now -25.4%). At Braze specifically, Kleeger's prior 5 open-market sells (all in July–September 2023) did not time well: none achieved negative 90-day returns, meaning the stock rose after each sale. His cross-ticker track record shows an even weaker 0.00% well-timed rate across 5 prior sells. The company remains unprofitable (full-year net income was negative) despite strong revenue growth of +32.7% year-over-year, and the stock is up only 4.5% over 30 days and +19.4% over 90 days from earlier lows. The sale's timing relative to the stock's 52-week trajectory and the insider's pattern of sales that preceded rallies suggests no demonstrated ability to exit ahead of declines.
