[Form 4] Backblaze, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRY EARL E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 19,306 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 118,307 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 19,306 units
Grant price: $0.00 per share
Shares held after grant: 118,307 shares
+2 more
5 metrics
RSUs granted
19,306 units
Restricted stock units covering Class A Common Stock
Grant price
$0.00 per share
Stated price for RSU award
Shares held after grant
118,307 shares
Class A Common Stock directly owned after transaction
Vesting trigger
Earlier of next Annual Meeting or one-year anniversary
Service-based vesting requirement for RSUs
Transaction direction
Acquisition via grant/award
Form 4 code A, compensation-related
Key Terms
restricted stock units, service-based vesting requirement, Annual Meeting of Stockholders, director compensation policy
4 terms
restricted stock units financial
"the Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
service-based vesting requirement financial
"The RSUs are subject to a service-based vesting requirement, which shall be satisfied on the earlier"
Annual Meeting of Stockholders financial
"satisfied on the earlier of (A) the date of the Issuer's next Annual Meeting of Stockholders"
director compensation policy financial
"Pursuant to the Issuer's Director Compensation Policy, the Reporting Person was granted restricted stock units"