Form 4: Backblaze CFO Francis P. Patchel Sells 13,107 Shares of Class A Common Stock
SEC Form 4 Filing
Backblaze's Chief Financial Officer, Francis P. Patchel, executed a sale of 13,107 shares of Class A Common Stock at a price of $6.55 per share on August 20, 2024.
Summary
- On August 20, 2024, Francis P. Patchel, the Chief Financial Officer of Backblaze, Inc. (BLZE), sold 13,107 shares of Class A Common Stock.
- The transaction was executed at a price of $6.55 per share.
- Following the transaction, Patchel directly owns 159,116 shares of Backblaze's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive can sometimes be perceived negatively by shareholders, although it is a common practice for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of transaction: Francis P. Patchel sold 13,107 shares of Class A Common Stock. |
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