Gleb Budman - Feb 20, 2025 Form 4 Insider Report for Backblaze, Inc. (BLZE)

Signature
/s/ Thomas MacMitchell - Attorney-in-Fact
Stock symbol
BLZE
Transactions as of
Feb 20, 2025
Transactions value $
-$12,498
Form type
4
Date filed
3/3/2025, 09:17 PM
Previous filing
Nov 29, 2024
Next filing
Mar 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLZE Class A Common Stock Tax liability -$84.7K -11.4K -0.61% $7.45 1.85M Feb 20, 2025 Direct F1
transaction BLZE Class A Common Stock Award $113K +16.9K +0.91% $6.68 1.87M Feb 26, 2025 Direct F2
transaction BLZE Class A Common Stock Sale -$18.9K -2.86K -0.15% $6.61 1.87M Feb 27, 2025 Direct F3, F4
transaction BLZE Class A Common Stock Sale -$22K -3.5K -0.19% $6.30 1.86M Feb 28, 2025 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A Common Stock were withheld by the Issuer to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). No shares were sold by the Reporting Person to satisfy this tax liability.
F2 The Reporting Person was granted RSUs, which represent a contingent right to receive on share of Class A Common Stock for each RSU. The RSUs are fully vested.
F3 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.465 to $6.805, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.22 to $6.405, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.