Marc Suidan - Nov 29, 2024 Form 4 Insider Report for Backblaze, Inc. (BLZE)

Role: Chief Financial Officer
Signature: /s/ Thomas MacMitchell - Attorney-in-Fact
Stock symbol: BLZE
Transactions as of: Nov 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/3/2024, 06:38 PM
Previous filing: Sep 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLZE	Class A Common Stock	Award	$0	+300K		$0.00	300K	Nov 29, 2024	Direct	F1

* 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 contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, and will vest 25% on the first anniversary of August 20, 2024 and the remainder in equal quarterly installments over the remaining 4 year period, provided that the Reporting Person remains in continuous service through each such vesting date. The RSUs were granted as a employment inducement award under the Company's 2024 New Employee Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).

Content

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, and will vest 25% on the first anniversary of August 20, 2024 and the remainder in equal quarterly installments over the remaining 4 year period, provided that the Reporting Person remains in continuous service through each such vesting date. The RSUs were granted as a employment inducement award under the Company's 2024 New Employee Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).