Backblaze (BLZE) CEO awarded 128,205 RSUs vesting over 3 years

Rhea-AI Filing Summary

Budman Gleb reported acquisition or exercise transactions in this Form 4 filing.

Backblaze, Inc. CEO and Chairperson Gleb Budman received a grant of 128,205 restricted stock units (RSUs) of Class A common stock. The RSUs vest quarterly over approximately three years, with the first 1/12th tranche vesting on May 14, 2026, as long as he remains in continuous service. Following this award, Budman directly holds 2,251,051 shares of Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Budman Gleb

Role CEO and Chairperson

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	128,205	$0.00	--

Holdings After Transaction: Class A Common Stock — 2,251,051 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 128,205 units Grant price: $0.00 per share Shares held after grant: 2,251,051 shares +3 more

6 metrics

RSUs granted 128,205 units Grant of restricted stock units to CEO Gleb Budman

Grant price $0.00 per share RSU award, non-cash compensation

Shares held after grant 2,251,051 shares Direct Class A common stock holdings after transaction

Initial vesting date May 14, 2026 First 1/12th tranche of RSUs vests

Vesting period Approximately 3 years Quarterly service-based vesting schedule

First vesting fraction 1/12th of grant Portion of RSUs vesting on May 14, 2026

Key Terms

restricted stock units, RSUs, service-based vesting requirement, Class A Common Stock

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.

RSUs financial

"The RSUs are subject to a service-based vesting requirement, which will vest on a quarterly basis"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

service-based vesting requirement financial

"The RSUs are subject to a service-based vesting requirement, which will vest on a quarterly basis over approximately 3 years"

Class A Common Stock financial

"The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Budman Gleb

(Last) (First) (Middle)

2261 MARKET STREET

STE 81006

(Street)

SAN FRANCISCO CALIFORNIA 94114

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Backblaze, Inc. [ BLZE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairperson

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/01/2026		A		128,205(1)	A	$0	2,251,051	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 will vest on a quarterly basis over approximately 3 years with the first 1/12th tranche vesting on May 14, 2026, provided that the Reporting Person remains in continuous service through each such vesting date.

Remarks:

	/s/ Evangeline Cheung, Attorney-in-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Backblaze (BLZE) CEO Gleb Budman receive in this Form 4 filing?

Gleb Budman received a grant of 128,205 restricted stock units (RSUs) of Backblaze Class A common stock. Each RSU represents a contingent right to one share, forming part of his equity compensation rather than an open-market stock purchase.

How do Gleb Budman’s new RSUs vest at Backblaze (BLZE)?

The RSUs vest on a service-based schedule over approximately three years, with vesting occurring quarterly. The first 1/12th of the 128,205 units is scheduled to vest on May 14, 2026, if Budman continues his service through each vesting date.

Did Gleb Budman buy Backblaze (BLZE) shares on the open market?

No, this was a compensation-related grant, not an open-market purchase. The Form 4 shows a grant of 128,205 RSUs at a price of $0.00 per share, reflecting an award from the company rather than a cash transaction in the market.

How many Backblaze (BLZE) shares does Gleb Budman hold after this RSU grant?

After the grant, Gleb Budman directly holds 2,251,051 shares of Backblaze Class A common stock. This total reflects his position following the 128,205-unit RSU award reported in the Form 4 and indicates his substantial ongoing equity stake.

What conditions apply to Gleb Budman’s Backblaze (BLZE) RSU award?

The RSUs are subject to a service-based vesting requirement. They will vest in quarterly installments over about three years, starting May 14, 2026, only if Budman remains in continuous service with Backblaze through each applicable vesting date.