Backblaze CEO has shares withheld for RSU taxes

Backblaze, Inc. CEO and Chairperson Gleb Budman reported a tax-related share transaction.

Rhea-AI Filing Summary

Backblaze, Inc. CEO and Chairperson Gleb Budman reported a tax-related share transaction. On February 20, 2026, 21,002 shares of Class A Common Stock were withheld at $4.40 per share to cover tax obligations from vesting restricted stock units. These shares were not sold on the open market. After this withholding, Budman directly owned 2,075,011 shares of Class A Common Stock.

Insider Trade Summary

Exercise Price or Tax Liability: 21,002 shares

Exercise Price or Tax Liability 1 txn

Insider Budman Gleb

Role CEO and Chairperson

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	21,002	$4.40	$92K

Holdings After Transaction: Class A Common Stock — 2,075,011 shares (Direct)

Footnotes (1)

1. F1. The shares of Class A Common Stock were withheld by the Issuer to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). No shares were sold by the Reporting Person to satisfy this tax liability.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Backblaze (BLZE) report for Gleb Budman?

Backblaze reported that CEO and Chairperson Gleb Budman had 21,002 Class A Common Stock shares withheld to cover tax obligations from vesting RSUs. This was a tax-withholding disposition, not an open-market sale, and followed standard equity compensation procedures.

Were any Backblaze (BLZE) shares sold by Gleb Budman in this Form 4?

No shares were sold by Gleb Budman. The 21,002 shares of Class A Common Stock were withheld by Backblaze to satisfy tax withholding obligations related to vesting restricted stock units, according to the footnote. This differs from a discretionary open-market sale.

How many Backblaze (BLZE) shares were involved and at what price?

A total of 21,002 shares of Backblaze Class A Common Stock were withheld at a reference price of $4.40 per share. This amount reflects shares used to cover tax liabilities triggered when restricted stock units vested for the CEO.

How many Backblaze (BLZE) shares does Gleb Budman own after this transaction?

Following the tax-withholding disposition, Gleb Budman directly owned 2,075,011 shares of Backblaze Class A Common Stock. This figure reflects his direct holdings after the 21,002 shares were withheld to pay taxes on vesting restricted stock units.

What does transaction code F mean in the Backblaze (BLZE) Form 4?

Transaction code F indicates shares were used to pay an exercise price or tax liability. In this Backblaze filing, shares were withheld to cover tax obligations from vesting restricted stock units, rather than being sold in a market transaction by the reporting person.

Is this Backblaze (BLZE) Form 4 transaction considered a buy or a sell?

This transaction is classified as a disposition for tax withholding, not a traditional buy or sell. Shares were withheld by Backblaze to satisfy tax liabilities from vesting RSUs, and the CEO did not sell shares on the open market as part of this event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/24/2026 - 06:45 PM EST Learn about SEC filing dates

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
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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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		F(1)		21,002	D	$4.4	2,075,011	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 shares of Class A Common Stock were withheld by the Issuer to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). No shares were sold by the Reporting Person to satisfy this tax liability.

Remarks:

	/s/ Evangeline Cheung, Attorney-in-Fact	02/24/2026
	** 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.