Filing Details
- Accession Number:
- 0001462056-24-000022
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-02-21 20:06:33
- Reporting Period:
- 2024-02-16
- Accepted Time:
- 2024-02-21 20:06:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1462056 | Backblaze Inc. | BLZE | Services-Prepackaged Software (7372) | 208893125 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1857850 | Gleb Budman | 201 Baldwin Ave. San Mateo CA 94401 | Ceo And Chairperson | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2024-02-16 | 6,702 | $11.83 | 1,801,550 | No | 4 | A | Direct | |
| Class A Common Stock | Disposition | 2024-02-20 | 851 | $11.50 | 1,800,699 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2024-02-21 | 1,984 | $11.47 | 1,798,715 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Footnotes
- The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive on share of Class A Common Stock for each RSU. The RSUs are fully vested.
- The shares were sold to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its bonus plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.01 to $11.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.27 to $11.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
Billionaire Hedge Funds
