Backblaze director granted 19,306 RSUs
FRY EARL E reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
FRY EARL E reported acquisition or exercise transactions in this Form 4 filing.
Backblaze, Inc. director Earl E. Fry received an equity grant of 19,306 restricted stock units (RSUs) covering Class A Common Stock. The RSUs were awarded at no cash cost as part of the company’s director compensation program and represent a right to receive one share for each unit.
The RSUs vest on the earlier of the next Annual Meeting of Stockholders or the one-year anniversary of the grant date, if Fry remains in continuous service until vesting. After this grant, he holds 118,307 shares of Class A Common Stock directly.
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
director compensation policy financial
AI-generated analysis. How Rhea-AI works. Not financial advice.