Backblaze, Inc.
For the period ended Mar 31, 2026. Filed May 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 4, 2026
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Item 5. Other Information
Rule 10b5-1 Trading Plans
On February 25, 2026, each of Gleb Budman, our Chief Executive Officer, and Marc Suidan, our Chief Financial Officer, adopted a written trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Each of these trading arrangements was subsequently terminated on March 31, 2026.
Second Amendment to Credit Agreement
On April 30, 2026, we entered into a Second Amendment to Credit Agreement with Citizens Bank, N.A. (the “Second Amendment”). The Second Amendment amends the Credit Agreement to, among other things, (i) extends the maturity date from June 4, 2027 to June 4, 2028, (ii) resets the option that allows the Company to extend the maturity date by one year, subject to certain conditions, and (iii) modifies certain negative covenants, including increasing the limit on share repurchases to up to $15.0 million per fiscal year and increasing the limit on permitted acquisitions to permit up to $20.0 million of cash consideration.
The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment, a copy of which is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q and incorporated herein by reference.
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