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

Role: Chief Financial Officer
Signature: /s/ Thomas MacMitchell - Attorney-in-Fact
Issuer symbol: BLZE
Transactions as of: 29 Nov 2024
Net transactions value: $0
Form type: 4
Filing time: 03 Dec 2024, 18:38:00 UTC
Previous filing: 10 Sep 2024
Next filing: 03 Mar 2025
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	+300,000		$0.000000	300,000	29 Nov 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).