Budman Gleb 4/A

What Happened

• Gleb Budman, CEO and Chair of Backblaze, disposed of a total of 31,177 shares on May 20, 2026. This consisted of 13,177 shares withheld to cover tax withholding/obligations and 18,000 shares tendered to the issuer, all at $7.43 per share — approximately $231,645 in aggregate. The transactions relate to the cash settlement/retirement of previously issued restricted stock units (RSUs) upon vesting, not an open‑market sale.

Key Details

• Transaction date: 2026-05-20; price per share: $7.43.
• Shares disposed: 13,177 (code F — tax withholding/payment) + 18,000 (code D — disposition to issuer) = 31,177 shares.
• Reported dollar amounts: $97,905 (withheld) and $133,740 (tendered); total ≈ $231,645.
• Footnotes: F1/F2 state these were previously issued RSUs retired for cash upon vesting and settled at the closing price on the vesting date.
• Filing: This is an amended Form 4 filed 2026-05-26 to correct the number of shares withheld and the resulting beneficial ownership. The filing does not indicate the post-transaction share count in the materials provided here.

Context

• These were RSU settlements (cash-in-lieu and share surrender) to cover tax obligations and settle vested awards — a routine corporate action for insiders that does not by itself signal a buy or sell opinion. Purchases/intentional acquisitions typically convey stronger signals about insider sentiment than tax-withholding or settlement dispositions.