Form 4: Backblaze Executive Tina Cessna Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Senior VP of Engineering at Backblaze, Tina Cessna, reports the withholding of Class A Common Stock by the issuer to cover tax obligations related to vesting restricted stock units.
Summary
- Tina Cessna, Senior VP of Engineering at Backblaze, filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2025, Backblaze withheld 6,858 shares of Class A Common Stock at a price of $5.33 per share to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Cessna directly owns 191,204 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing a standard tax withholding process. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
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, Beneficial Ownership, Backblaze, BLZE, Tina Cessna, Stock Transaction, Tax Withholding, Restricted Stock Units, Class A Common Stock
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