Spraggins Daniel 4

What Happened

• Daniel Spraggins, Senior Vice President of Engineering at Backblaze (BLZE), was granted 234,220 restricted stock units (RSUs) on 2026-03-10 (reported 2026-03-11). The grant was recorded as an acquisition (code A) at a $0.00 purchase price. RSUs are contingent rights to receive one share of Class A common stock per RSU and have no immediate cash value until they vest.

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-11 (timely).
• Grant: 234,220 RSUs; acquisition price reported as $0.00 (code A).
• Vesting: Per the filing footnote, the RSUs are service-based — 25% vest on the first anniversary of January 5, 2025, with the remainder vesting in equal quarterly installments over the following three-year period, subject to continued service.
• Plan/authorization: Granted as an employment inducement award under the Company’s 2024 New Employee Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
• Shares owned after the transaction: not specified in the provided filing.

Context

• RSU grants are a form of compensation rather than an outright purchase; they convert to actual shares only as they vest. This is not a cash purchase or sale and does not by itself indicate immediate buying or selling sentiment.