Form 4: Backblaze CEO Gleb Budman Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Backblaze CEO Gleb Budman reports the withholding of shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On May 20, 2025, Backblaze CEO Gleb Budman had 19,583 shares of Class A Common Stock withheld by the issuer to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- The price per share for the transaction was $5.33.
- Following the transaction, Budman directly owns 2,144,274 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (tax withholding) and doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of the stock transaction (tax withholding). |
| 05/22/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Backblaze, BLZE, Gleb Budman, CEO, Stock Transaction, Tax Withholding, Restricted Stock Units, RSUs
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