Timothy M. Nufire - Feb 22, 2023 Form 4 Insider Report for Backblaze, Inc. (BLZE)

Role
Director, 10%+ Owner
Signature
/s/ Thomas MacMitchell - Attorney-in-Fact
Stock symbol
BLZE
Transactions as of
Feb 22, 2023
Transactions value $
-$20,332
Form type
4
Date filed
2/24/2023, 07:28 PM
Previous filing
Feb 22, 2023
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLZE Class A Common Stock Options Exercise $0 +1M +582.97% $0.00 1.17M Feb 22, 2023 Direct
transaction BLZE Class A Common Stock Sale -$20.3K -3.54K -0.3% $5.75 1.17M Feb 22, 2023 Direct F1, F2

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
transaction BLZE Class B Common Stock Options Exercise $0 -1M -42.99% $0.00 1.33M Feb 22, 2023 Class A Common Stock 1M Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales were effected pursuant to a limit order placed by the Reporting Person during an open window period.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.73 to $5.81, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F3 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the Reporting Person and has no expiration date.