Backblaze (BLZE) SVP of Engineering receives 234,220 RSU inducement grant

Rhea-AI Filing Summary

Spraggins Daniel reported acquisition or exercise transactions in this Form 4 filing.

Backblaze, Inc. reported that Senior VP of Engineering Daniel Spraggins received a grant of 234,220 restricted stock units (RSUs) of Class A Common Stock as an employment inducement award. Each RSU represents one share, with 25% vesting on the first anniversary of January 5, 2025 and the rest vesting in equal quarterly installments over the following three years, contingent on continued service.

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

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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^*

Spraggins Daniel

(Last) (First) (Middle)

2261 MARKET ST.

STE 81006

(Street)

SAN FRANCISCO CA 94114

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP of Engineering

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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

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

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	03/10/2026		A		234,220(1)	A	$0	234,220	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, and will vest 25% on the first anniversary of January 5, 2025 and the remainder in equal quarterly installments over the remaining 3 year period, provided that the Reporting Person remains in continuous service through each such vesting date. The RSUs were granted as an employment inducement award under the Company's 2024 New Employee Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).

Remarks:

	/s/ Evangeline Cheung, Attorney-in-Fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Backblaze (BLZE) report for Daniel Spraggins?

Backblaze reported that Senior VP of Engineering Daniel Spraggins received 234,220 restricted stock units of Class A Common Stock. These RSUs are part of his compensation and vest over several years, aligning his incentives with the company’s long-term performance.

How many Backblaze (BLZE) shares did Daniel Spraggins acquire in this Form 4?

Daniel Spraggins was granted 234,220 restricted stock units, each representing one share of Backblaze Class A Common Stock. This brings his reported direct holding after the grant to 234,220 shares, subject to the vesting schedule and continued employment conditions described in the award.

What is the vesting schedule for Daniel Spraggins’ RSUs at Backblaze (BLZE)?

The RSUs vest 25% on the first anniversary of January 5, 2025, with the remaining 75% vesting in equal quarterly installments over the following three years. Vesting requires that Daniel Spraggins remain in continuous service through each applicable vesting date.

Were Daniel Spraggins’ Backblaze (BLZE) RSUs an employment inducement award?

Yes. The filing states these RSUs were granted as an employment inducement award under Backblaze’s 2024 New Employee Equity Incentive Plan. The grant was made in accordance with Nasdaq Listing Rule 5635(c)(4), which governs certain inducement equity awards for new employees.

What price per share was reported for Daniel Spraggins’ Backblaze (BLZE) RSU grant?

The transaction shows a price of $0.0000 per share because RSU grants are compensation awards, not open-market purchases. Value to the executive depends on Backblaze’s stock price as the units vest and convert into shares over the stated vesting schedule.

How many Backblaze (BLZE) shares does Daniel Spraggins hold after this RSU grant?

After the reported transaction, Daniel Spraggins is shown holding 234,220 shares of Class A Common Stock directly, corresponding to the RSU grant. These shares are tied to the service-based vesting conditions outlined, so they are earned gradually rather than all at once.