4//SEC Filing
Budman Gleb 4
Accession 0001462056-25-000009
CIK 0001462056other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 9:17 PM ET
Size
10.7 KB
Accession
0001462056-25-000009
Insider Transaction Report
Form 4
Backblaze, Inc.BLZE
Budman Gleb
DirectorCEO and Chairperson
Transactions
- Tax Payment
Class A Common Stock
2025-02-20$7.45/sh−11,374$84,736→ 1,853,272 total - Award
Class A Common Stock
2025-02-26$6.68/sh+16,947$113,206→ 1,870,219 total - Sale
Class A Common Stock
2025-02-27$6.61/sh−2,863$18,924→ 1,867,356 total - Sale
Class A Common Stock
2025-02-28$6.30/sh−3,499$22,044→ 1,863,857 total
Footnotes (5)
- [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.
Documents
Issuer
Backblaze, Inc.
CIK 0001462056
Entity typeother
Related Parties
1- filerCIK 0001857850
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 9:17 PM ET
- Size
- 10.7 KB