Form 4: Backblaze CEO Gleb Budman Reports RSU Tax Withholding

Backblaze CEO and Chairperson Gleb Budman reported the withholding of 27,793 Class A Common Stock shares for tax obligations related to RSU vesting.

Summary

• Gleb Budman, CEO and Chairperson of Backblaze, Inc. (BLZE), reported a transaction on November 20, 2025.
• 27,793 shares of Class A Common Stock were disposed of at a price of $4.33 per share.
• This disposition was a tax withholding by the Issuer to cover tax obligations associated with the vesting of Restricted Stock Units (RSUs).
• No shares were sold by Mr. Budman to satisfy this tax liability.
• Following this transaction, Mr. Budman beneficially owns 2,096,013 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to RSU vesting and does not reflect a change in management's outlook or a strategic move.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing, specifically a tax withholding related to RSU vesting, which is a common compensation practice across various industries. It does not provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary tax withholding event related to executive compensation, not a sale by the insider.

Key Dates

Recommendation

This Form 4 filing details a routine tax withholding event for RSU vesting by the CEO, Gleb Budman. It is not a discretionary sale and therefore does not signal any change in management's confidence or the company's fundamentals. Investors should 'hold' as this filing provides no new information to alter an investment thesis.

Keywords

Backblaze, BLZE, Gleb Budman, Form 4, Insider Transaction, Tax Withholding, RSU Vesting, Class A Common Stock, CEO, Director