Form 4 for BLZE Backblaze, Inc.
Accepted 2022-07-05 00:00:00 ET · period of report 2022-07-01 · accession 0001628280-22-018537 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-07-05 | 2022-07-01 | BLZE | Patchel Francis P | CFO | C - Cnv Deriv | $0.00 | +3,000 | 110.1K | +3% | $0 |
| D | 2022-07-05 | 2022-07-01 | BLZE | Patchel Francis P | CFO | S - Sale | $5.00 | -3,000 | 107.1K | -3% | -$15.0K |
| D | 2022-07-05 | 2022-07-01 | BLZE | Patchel Francis P | CFO | C - Cnv Deriv | $0.00 | -3,000 | 0 | -100% | $0 |
| DM | 2022-07-05 | 2022-07-01 | BLZE | Patchel Francis P | CFO | M - OptEx | $0.00 | 0 | 299.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-07-01 | C | A | 3,000 | $0.00 | 110,129 | D | — | — | |
| 2 | Common | Class A Common Stock | 2022-07-01 | S | D | 3,000 | $5.00 | 107,129 | D | — | — | (F2) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.85 to $5.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. |
| 3 | Derivative | Class B Common Stock | 2022-07-01 | C | D | 3,000 | $0.00 | 0 | D | — · — to — | 3,000 Class A Common Stock | (F4) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the Reporting Person and has no expiration date. |
| 4 | Derivative | Class B Common Stock | 2022-07-01 | M | A | 3,000 | $0.00 | 3,000 | D | — · — to — | 3,000 Class A Common Stock | (F4) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the Reporting Person and has no expiration date. |
| 5 | Derivative | Stock Option (right to buy) | 2022-07-01 | M | D | 3,000 | $0.00 | 299,060 | D | $2.61 · — to 2030-04-20 | 3,000 Class B Common Stock | (F3) The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. 25% of the options vested on March 1, 2021 and 1/48th of the options vest monthly thereafter, subject to the Reporting Person's continuous service with the issuer. The options are exercisable into shares of Class B Common Stock, which are convertible on a one-to-one basis into shares of Class A Common Stock at the option of the holder. |