Budman Gleb 4

What Happened Gleb Budman, CEO, Chair and director of Backblaze, reported a disposition of 3,833 shares on May 14, 2026. The Form 4 records the transaction as "Payment of exercise price or tax liability" (code F) at $7.27 per share, totaling $27,866. This reflects shares withheld to satisfy tax obligations tied to an equity award/option exercise rather than an open-market sale.

Key Details

• Transaction date: 2026-05-14
• Filing date (SEC): 2026-05-18 (filed within the usual two-business-day window)
• Shares disposed: 3,833 at $7.27 each — $27,866 (withheld to cover taxes)
• Transaction code: F — payment of exercise price or tax liability (shares withheld)
• Shares owned after the transaction: not specified in this Form 4 filing
• No 10b5-1 plan or other special instructions noted in the filing

Context This appears to be a routine tax-withholding action following an option or award exercise (shares retained by the company to satisfy tax). Such withholding transactions are administrative and do not represent an open-market sale by the insider; they generally carry less informational weight for investors than outright purchases or intentional sales.