Backblaze (BLZE) CEO Budman logs RSU award and share withholding for taxes

Rhea-AI Filing Summary

Backblaze, Inc. director and CEO Gleb Budman reported an equity award and related tax withholding. On February 27, 2026, he acquired 74,602 shares of Class A Common Stock through fully vested restricted stock units, with no cash price per share listed for the grant.

On the same date, 26,767 shares of Class A Common Stock were withheld by Backblaze at a price of $3.76 per share to cover tax obligations tied to this RSU grant, and the filing states that no shares were sold by Budman to satisfy this liability. After these transactions, his direct holdings reported in this account were 2,122,846 Class A shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Budman Gleb

(Last) (First) (Middle)

2261 MARKET STREET

STE 81006

(Street)

SAN FRANCISCO CA 94114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Backblaze, Inc. [ BLZE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairperson

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/27/2026		A		74,602(1)	A	$0	2,149,613	D
Class A Common Stock	02/27/2026		F		26,767(2)	D	$3.76	2,122,846	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive on share of Class A Common Stock for each RSU. The RSUs are fully vested.

2. The shares of Class A Common Stock were withheld by the Issuer to cover tax withholding obligations in connection with the grant of RSUs referenced above. No shares were sold by the Reporting Person to satisfy this tax liability.

Remarks:

	/s/ Evangeline Cheung, Attorney-in-Fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Backblaze (BLZE) CEO Gleb Budman report?

Gleb Budman reported receiving 74,602 fully vested RSUs converting into Class A Common Stock. In connection with this award, 26,767 shares were withheld by Backblaze to cover tax obligations, with the filing stating no shares were sold by him for this purpose.

Were any Backblaze (BLZE) shares sold by the CEO in this Form 4?

The filing states no Backblaze shares were sold by CEO Gleb Budman. Instead, 26,767 shares of Class A Common Stock were withheld by the company at $3.76 per share solely to cover tax withholding obligations from his RSU grant.

How many Backblaze (BLZE) shares did the CEO acquire through RSUs?

Gleb Budman was granted 74,602 restricted stock units, each representing one share of Backblaze Class A Common Stock. The footnotes explain these RSUs are fully vested, meaning they convert immediately into an equal number of shares credited to his direct holdings.

What is the reported shareholding of Backblaze (BLZE) CEO after these transactions?

After the RSU grant and related tax withholding, Gleb Budman’s direct holdings in Backblaze Class A Common Stock were reported as 2,122,846 shares. This figure reflects both the addition of 74,602 RSU shares and the withholding of 26,767 shares for tax obligations.

What does the tax-withholding transaction in the Backblaze (BLZE) Form 4 mean?

The tax-withholding transaction shows 26,767 Backblaze Class A shares retained by the company at $3.76 per share. These shares covered tax liabilities from the CEO’s RSU grant, and the filing clarifies that he did not sell shares on the market to pay these taxes.