Backblaze (BLZE) CEO Budman has 3,833 shares withheld for taxes

Rhea-AI Filing Summary

Backblaze, Inc. CEO and Chairperson Gleb Budman reported a tax-related share disposition. On May 14, 2026, 3,833 shares of Class A Common Stock were withheld at $7.27 per share to cover tax obligations. After this routine tax-withholding transaction, Budman directly holds 2,247,218 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Budman Gleb

Role CEO and Chairperson

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	3,833	$7.27	$28K

Holdings After Transaction: Class A Common Stock — 2,247,218 shares (Direct, null)

Footnotes (1)

Key Figures

Shares withheld for taxes: 3,833 shares Tax withholding price: $7.27 per share Shares held after transaction: 2,247,218 shares +1 more

4 metrics

Shares withheld for taxes 3,833 shares Tax-withholding disposition on May 14, 2026

Tax withholding price $7.27 per share Value used for tax-withholding disposition

Shares held after transaction 2,247,218 shares Direct ownership after May 14, 2026 transaction

Transaction type Tax-withholding disposition (code F) Payment of tax liability by delivering securities

Key Terms

tax-withholding disposition, Class A Common Stock, transaction code F, Form 4

4 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition"

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.

Class A Common Stock financial

"security_title": "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.

transaction code F regulatory

"transaction_code": "F"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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)
05/14/2026

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	05/14/2026		F		3,833	D	$7.27	2,247,218	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:

Remarks:

	/s/ Evangeline Cheung, Attorney-in-Fact	05/18/2026
	** 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 insider transaction did Backblaze (BLZE) report for Gleb Budman?

Backblaze reported a tax-withholding disposition by CEO Gleb Budman. On May 14, 2026, 3,833 Class A shares were withheld at $7.27 per share to satisfy tax obligations related to equity compensation, not an open-market sale.

How many Backblaze (BLZE) shares were involved in Gleb Budman’s latest Form 4?

The Form 4 shows 3,833 shares of Backblaze Class A Common Stock. These shares were withheld by the company to cover tax liabilities rather than sold on the open market, reflecting a routine compensation-related adjustment.

What is Gleb Budman’s Backblaze (BLZE) shareholding after this Form 4 transaction?

Following the tax-withholding disposition, Gleb Budman directly holds 2,247,218 Backblaze shares. This figure reflects his post-transaction ownership, indicating he retains a substantial equity position after the routine tax-related share withholding.

Was Gleb Budman’s Backblaze (BLZE) Form 4 transaction a market sale?

No. The Form 4 characterizes the move as a tax-withholding disposition under code F. Shares were delivered to cover tax obligations, meaning this was not an open-market sale and does not represent a discretionary sell order.

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

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. For Backblaze, 3,833 shares were used in this way for CEO Gleb Budman, classifying the move as a routine, compensation-related adjustment.