Francis P. Patchel - May 22, 2023 Form 4 Insider Report for Backblaze, Inc. (BLZE)

Signature
/s/ Thomas MacMitchell - Attorney-in-Fact
Stock symbol
BLZE
Transactions as of
May 22, 2023
Transactions value $
-$10,197
Form type
4
Date filed
5/25/2023, 07:26 PM
Previous filing
May 2, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLZE Class A Common Stock Sale -$3.35K -803 -0.76% $4.17 105K May 22, 2023 Direct F1, F2, F3
transaction BLZE Class A Common Stock Sale -$2.97K -705 -0.67% $4.21 104K May 23, 2023 Direct F1, F4
transaction BLZE Class A Common Stock Sale -$3.88K -924 -0.89% $4.20 103K May 24, 2023 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.145 to $4.25, 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 Includes 1,356 shares of Class of A Common Stock previously acquired under the Issuer's Employee Stock Purchase Plan on May 19, 2022.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.12 to $4.28, 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.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.16 to $4.23, 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.