Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE) today announced that on March 24, 2026, it granted an equity inducement award to Rhett Dillingham, the Company’s Senior Vice President of Product, and Joey Myers, the Company’s Vice President of Revenue Operations, as a material inducement to each of Mr. Dillingham and Mr. Myers’ employment with the Company.

The inducement award consists of 194,240 restricted stock units (“RSUs”) for Mr. Dillingham and 82,650 RSUs for Mr. Myers. The RSUs will vest as to 25% of the underlying shares after one year, with the balance vesting in equal quarterly installments over the remaining three years, subject in each case to Mr. Dillingham’s and Mr. Myers’ continued employment with Backblaze through each applicable vesting date.

About Backblaze

Backblaze (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 www.backblaze.com.