An Evelyn D. - 10 Nov 2021 Form 3 Insider Report for Backblaze, Inc. (BLZE)

Role: Director
Signature: /s/ Thomas MacMitchell - Attorney-in-Fact
Issuer symbol: BLZE
Transactions as of: 10 Nov 2021
Net transactions value: $0
Form type: 3
Filing time: 10 Nov 2021, 18:57:31 UTC
Previous filing: 21 May 2021
Next filing: 06 Jun 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BLZE	Stock Option (right to buy)							10 Nov 2021	Class B Common Stock	34,200	$10.06	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. 25% of the options shall vest on August 30, 2022 and 1/48th of the options vest monthly thereafter, subject to the Reporting Person's continuous service with the issuer. The options are exercisable into shares of Class B Common Stock, which are convertible on a one-to-one basis into shares of Class A Common Stock at the option of the holder. The options may also be early exercised, subject to the issuer's right of repurchase.

Content

The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. 25% of the options shall vest on August 30, 2022 and 1/48th of the options vest monthly thereafter, subject to the Reporting Person's continuous service with the issuer. The options are exercisable into shares of Class B Common Stock, which are convertible on a one-to-one basis into shares of Class A Common Stock at the option of the holder. The options may also be early exercised, subject to the issuer's right of repurchase.

Remarks:

Exhibit 24 - Power of Attorney