Backblaze, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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Mar 31, 2025 · Filed May 7, 2025
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Item 5. Other Information
Rule 10b5-1 Trading Plans
On March 7, 2025, Gleb Budman, our Chief Executive Officer, adopted a trading arrangement for the sale of shares of our common stock (a “Rule 10b5-1 Trading Plan”), as part of his long-term strategy to diversify and balance his financial portfolio. Mr. Budman’s Rule 10b5-1 Trading Plan provided for the sale of up to 360,000 shares of common stock through March 27, 2026 unless earlier terminated in accordance with its terms. This plan is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c).
On May 5, 2025, prior to any trading under the Rule 10b5-1 Trading Plan, Mr. Budman terminated the above mentioned Rule 10b5-1 Trading Plan.
Mr. Budman continues to hold a significant equity interest in the Company and remains deeply committed to the Company’s long-term success.
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