Barbara H. Nelson - Nov 10, 2021 Form 3 Insider Report for Backblaze, Inc. (BLZE)

Role
Director
Signature
/s/ Thomas MacMitchell - Attorney-in-Fact
Stock symbol
BLZE
Transactions as of
Nov 10, 2021
Transactions value $
$0
Form type
3
Date filed
11/10/2021, 06:54 PM
Previous filing
Nov 2, 2021
Next filing
Nov 16, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BLZE Stock Option (right to buy) Nov 10, 2021 Class B Common Stock 34.2K $3.73 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. 25% of the options vested on October 30, 2021 and 1/48th of the options vest monthly thereafter, subject to the Reporting Person's continuous service with the issuer. The options are exercisable into shares of Class B Common Stock, which are convertible on a one-to-one basis into shares of Class A Common Stock at the option of the holder. The options may also be early exercised, subject to the issuer's right of repurchase.

Remarks:

Exhibit 24 - Power of Attorney