{"id":943411,"date":"2026-03-10T16:14:32","date_gmt":"2026-03-10T20:14:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/"},"modified":"2026-03-10T16:14:32","modified_gmt":"2026-03-10T20:14:32","slug":"backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b><i>Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)<\/i><\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBackblaze, Inc. (Nasdaq: BLZE) today announced that on March 10, 2026, it granted an equity inducement award to Dan Spraggins, the Company\u2019s Senior Vice President of Engineering, as a material inducement to Mr. Spraggins\u2019 employment with the Company. The Company\u2019s Board of Directors has also designated Mr. Spraggins as an officer subject to the Section 16 of the Securities Exchange Act of 1934.<\/p>\n<p>\nMr. Spraggins joined Backblaze in January 2026 as Senior Vice President of Engineering, bringing more than two decades of experience leading large-scale software, platform, and AI engineering organizations across global technology companies.<\/p>\n<p>\nThe inducement award consists of 234,220 restricted stock units (\u201cRSUs\u201d) granted under the Company&#8217;s 2024 New Employee Equity Incentive Plan (the &#8220;Inducement Plan&#8221;). The RSUs will vest as to 25% of the underlying shares on the one-year anniversary of vesting commencement date, with the balance vesting in equal quarterly installments over the remaining three years, subject to Mr. Spraggins\u2019 continued employment with Backblaze through each applicable vesting date.<\/p>\n<p>\nThe inducement award was approved by Backblaze&#8217;s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs are subject to the terms and conditions of the Inducement Plan and the applicable award agreement.<\/p>\n<p><b>About Backblaze<\/b><\/p>\n<p>\nBackblaze (NASDAQ: BLZE) gives businesses the freedom to innovate without limits by removing the barriers of lock-in, complexity, and cost. Our high-performance cloud object storage accelerates AI workflows, powers data-heavy applications, streamlines media management, and protects critical data. As an award-winning independent cloud, we provide unparalleled levels of interoperability that enable over 500,000 of our customers to reach and serve hundreds of millions of end users in 175 countries around the world. For more information, please go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.backblaze.com&amp;esheet=54444292&amp;newsitemid=20260310395836&amp;lan=en-US&amp;anchor=www.backblaze.com&amp;index=1&amp;md5=fd0d0c243fefff2d2961d57644d5d5a2\">www.backblaze.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260310395836r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260310395836\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260310395836\/en\/<\/a><\/span><\/p>\n<p><b>Investors<br \/>\n<br \/><\/b>Mimi Kong<br \/>\n<br \/>Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@backblaze.com\">ir@backblaze.com<\/a><\/p>\n<p><b>Press Contact:<br \/>\n<br \/><\/b>Yev Pusin<br \/>\n<br \/>Head of Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@backblaze.com\">press@backblaze.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Security Technology Software Networks Artificial Intelligence Internet<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260310395836\/en\/1143290\/3\/Backblaze_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Backblaze, Inc. (Nasdaq: BLZE) today announced that on March 10, 2026, it granted an equity inducement award to Dan Spraggins, the Company\u2019s Senior Vice President of Engineering, as a material inducement to Mr. Spraggins\u2019 employment with the Company. The Company\u2019s Board of Directors has also designated Mr. Spraggins as an officer subject to the Section 16 of the Securities Exchange Act of 1934. Mr. Spraggins joined Backblaze in January 2026 as Senior Vice President of Engineering, bringing more than two decades of experience leading large-scale software, platform, and AI engineering organizations across global technology companies. The inducement award consists of 234,220 restricted stock units (\u201cRSUs\u201d) granted under the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-943411","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Backblaze, Inc. (Nasdaq: BLZE) today announced that on March 10, 2026, it granted an equity inducement award to Dan Spraggins, the Company\u2019s Senior Vice President of Engineering, as a material inducement to Mr. Spraggins\u2019 employment with the Company. The Company\u2019s Board of Directors has also designated Mr. Spraggins as an officer subject to the Section 16 of the Securities Exchange Act of 1934. Mr. Spraggins joined Backblaze in January 2026 as Senior Vice President of Engineering, bringing more than two decades of experience leading large-scale software, platform, and AI engineering organizations across global technology companies. The inducement award consists of 234,220 restricted stock units (\u201cRSUs\u201d) granted under the &hellip; Continue reading &quot;Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-10T20:14:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260310395836r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)\",\"datePublished\":\"2026-03-10T20:14:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260310395836r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/backblaze-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\",\"name\":\"Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - 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