Backblaze (BLZE) director awarded 19,306 RSUs in stock compensation grant
Rhea-AI Filing Summary
Carter Miller Jocelyn reported acquisition or exercise transactions in this Form 4 filing.
Backblaze, Inc. director Jocelyn Carter Miller reported a compensation-related equity award. She received 19,306 shares of Class A Common Stock in the form of restricted stock units (RSUs) at a reported price of $0.00 per share, reflecting a grant rather than a market purchase.
The RSUs vest after a service-based vesting requirement is met, which occurs on the earlier of the company’s next Annual Meeting of Stockholders or the one-year anniversary of the grant date, as long as she remains in continuous service. Following this grant, she directly holds 122,862 shares of Class A Common Stock. This filing reflects routine director compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 19,306 | $0.00 | $0.00 |
Footnotes (1)
- 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 the date of grant, provided that the Reporting Person remains in continuous service through such vesting date.
Key Figures
Key Terms
restricted stock units financial
service-based vesting requirement financial
Annual Meeting of Stockholders financial
Form 4 regulatory
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