Backblaze director receives 19,306-share RSU grant
Carter Miller Jocelyn reported acquisition or exercise transactions in this Form 4 filing.
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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.
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
FAQ
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What did Backblaze (BLZE) director Jocelyn Carter Miller report in this Form 4?
What are the vesting terms of the Backblaze (BLZE) RSUs granted to the director?
Does this Backblaze (BLZE) Form 4 reflect a stock purchase or sale by the director?
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