Tina Cessna - Apr 13, 2023 Form 3 Insider Report for Backblaze, Inc. (BLZE)

Role
Senior VP, Engineering
Signature
Thomas L. MacMitchell, Attorney-in-Fact
Stock symbol
BLZE
Transactions as of
Apr 13, 2023
Transactions value $
$0
Form type
3
Date filed
5/24/2023, 07:58 PM
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BLZE Class A Common Stock 101K Apr 13, 2023 Direct F1

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) Apr 13, 2023 Class A Common Stock 105K $2.54 Direct F2
holding BLZE Stock Option (right to buy) Apr 13, 2023 Class A Common Stock 25.6K $2.61 Direct F3
holding BLZE Stock Option (right to buy) Apr 13, 2023 Class A Common Stock 32.8K $3.73 Direct F4
holding BLZE Stock Option (right to buy) Apr 13, 2023 Class A Common Stock 50K $8.09 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 19,256 shares of Class A common stock and (ii) 81,301 Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A common stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a three-year period. 6.25% of the RSUs vested on May 20, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.
F2 The options are fully vested.
F3 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 June 10, 2020 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.
F4 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 June 25, 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.
F5 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 June 25, 2022 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.

Remarks:

Exhibit 24 - Power of Attorney