Budman Gleb 4

What Happened
Gleb Budman, CEO and Chairperson of Backblaze, was granted 128,205 restricted stock units (RSUs) on April 1, 2026. The RSUs were reported at $0.00 per unit (no cash exchanged) and represent a contingent right to one share of Class A common stock per RSU. This is an equity compensation award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02.
• Grant size and price: 128,205 RSUs @ $0.00 each (total immediate cash value $0 at grant).
• Shares owned after transaction: Not specified in the provided summary—see the full filing for total holdings.
• Footnote: RSUs vest based on continued service, vesting quarterly over ~3 years; the first 1/12th tranche vests on May 14, 2026, subject to continuous service.
• Filing timeliness: Filed the day after the grant (no late filing flag indicated).

Context
RSUs are a common form of executive compensation and vest over time; they do not represent immediately tradable shares until they vest and are settled. Because this was a compensation grant (not a purchase), it should not be interpreted as a near-term market buy/sell signal. For details on total insider holdings and the complete vesting schedule, consult the full SEC Form 4 (Accession 0001628280-26-023466).