Francis P. Patchel - Feb 16, 2024 Form 4 Insider Report for Backblaze, Inc. (BLZE)

Signature
/s/ Thomas MacMitchell - Attorney-in-Fact
Stock symbol
BLZE
Transactions as of
Feb 16, 2024
Transactions value $
$41,399
Form type
4
Date filed
2/21/2024, 08:00 PM
Previous filing
Nov 24, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLZE Class A Common Stock Award $70.2K +5.94K +3.24% $11.83 189K Feb 16, 2024 Direct F1
transaction BLZE Class A Common Stock Sale -$8.66K -753 -0.4% $11.50 188K Feb 20, 2024 Direct F2, F3
transaction BLZE Class A Common Stock Sale -$20.2K -1.76K -0.93% $11.47 187K Feb 21, 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), which represent a right to receive one share of Class A Common Stock for each RSU. The RSUs are fully vested.
F2 The shares were sold to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its bonus plan 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.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.01 to $11.79, 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.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.27 to $11.68, 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.