Backblaze (BLZE) CFO logs ESPP share purchase and RSU cash settlement
Rhea-AI Filing Summary
Backblaze, Inc. Chief Financial Officer Marc Suidan reported routine share movements involving the company’s Class A common stock. On May 19, 2026, he acquired 2,500 shares at $3.68 per share through the company’s 2021 Employee Stock Purchase Plan for the purchase period from November 20, 2025 through May 19, 2026, a transaction exempt under Rule 16b-3(c).
On May 20, 2026, the company retired 18,000 previously issued restricted stock units for cash upon vesting and used 269 shares to cover the exercise price or tax liability, both settled at $7.43 per share, the closing price on the vesting date. After these transactions, Suidan directly holds 362,711 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Suidan Marc
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 269 | $7.43 | $2K |
| Disposition | Class A Common Stock | 18,000 | $7.43 | $134K |
| Grant/Award | Class A Common Stock | 2,500 | $3.68 | $9K |
Holdings After Transaction:
Class A Common Stock — 380,711 shares (Direct)
Footnotes (1)
- These shares of the Issuer's common stock were acquired pursuant to the Issuer's 2021 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of November 20, 2025 through May 19, 2026. This transaction is exempt pursuant to Rule 16b-3(c) promulgated pursuant to the Securities Exchange Act of 1934. Under the ESPP, the purchase price is equal to 85% of the lower of the closing price of the Issuer's common stock on the first day of the applicable purchase period or the purchase date. The closing price of the Issuer's common stock on November 20, 2025 was $4.33. Represents previously issued restricted stock units that the Issuer retired for cash upon vesting in lieu of issuing shares of common stock. These restricted stock units were settled by the Issuer at the closing price per share of the Issuer's common stock on the vesting date.
Key Figures
ESPP acquisition: 2,500 shares at $3.68
RSUs retired for cash: 18,000 units at $7.43
Tax-withholding disposition: 269 shares at $7.43
+2 more
5 metrics
ESPP acquisition
2,500 shares at $3.68
Class A common stock acquired on May 19, 2026 under 2021 ESPP
RSUs retired for cash
18,000 units at $7.43
Previously issued restricted stock units settled for cash on May 20, 2026
Tax-withholding disposition
269 shares at $7.43
Shares delivered to pay exercise price or tax liability on May 20, 2026
Post-transaction holdings
362,711 shares
CFO’s direct Class A common stock position after reported transactions
Reference ESPP price
$4.33 closing price
Backblaze common stock closing price on November 20, 2025 for ESPP formula
Key Terms
Employee Stock Purchase Plan, restricted stock units, Rule 16b-3(c), tax-withholding disposition
4 terms
Employee Stock Purchase Plan financial
"These shares of the Issuer's common stock were acquired pursuant to the Issuer's 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
restricted stock units financial
"Represents previously issued restricted stock units that the Issuer retired for cash upon vesting"
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.
Rule 16b-3(c) regulatory
"This transaction is exempt pursuant to Rule 16b-3(c) promulgated pursuant to the Securities Exchange Act of 1934"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Backblaze (BLZE) CFO Marc Suidan report?
Marc Suidan reported one acquisition and two dispositions of Backblaze Class A shares. He bought 2,500 shares via the Employee Stock Purchase Plan and had 18,000 restricted stock units retired for cash, with 269 shares used to cover exercise price or tax obligations.
What is Backblaze (BLZE) CFO Marc Suidan’s Employee Stock Purchase Plan activity?
Marc Suidan acquired 2,500 shares via Backblaze’s 2021 ESPP. The purchase covered the ESPP period from November 20, 2025 through May 19, 2026 and is exempt under Rule 16b-3(c), with pricing based on 85% of the lower reference stock prices.