Barbara H. Nelson - 05 Jun 2023 Form 4 Insider Report for Backblaze, Inc. (BLZE)

Role: Director
Signature: /s/ Thomas MacMitchell - Attorney-in-Fact
Issuer symbol: BLZE
Transactions as of: 05 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 07 Jun 2023, 17:26:54 UTC
Previous filing: 01 Nov 2022
Next filing: 31 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLZE	Class A Common Stock	Award	$0	+35,211	+156%	$0.000000	57,742	05 Jun 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Issuer's Director Compensation Policy, the Reporting Person was granted 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 on the earlier of (A) the date of the Issuer's next Annual Meeting of Stockholders, or (B) the one-year anniversary of June 5, 2023, provided that the Reporting Person remains in continuous service through such vesting date.

Content

Pursuant to the Issuer's Director Compensation Policy, the Reporting Person was granted 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 on the earlier of (A) the date of the Issuer's next Annual Meeting of Stockholders, or (B) the one-year anniversary of June 5, 2023, provided that the Reporting Person remains in continuous service through such vesting date.