Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-24

Backblaze (BLZE)

CEO Gleb Budman was paid $2,674,004 in fiscal year 2025, ↑ up 21.2% from fiscal year 2024 (SEC filing 0001140361-26-014778 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,674,004 ↑
Gleb Budman total, FY2025
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Gleb Budman (Chief Executive Officer and Chairperson), FY2025 total compensation $2,674,004 (base salary $550,000) [exec_comp, SEC accession 0001140361-26-014778, filed 2026-04-15]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

BLZE's next annual pay disclosure, estimated April 16, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Gleb Budman$550,000$0$2,113,504$0$0$0$10,500$2,674,004
Chief Executive Officer and Chairperson
Marc Suidan453,1250154,70100010,500618,326
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Gleb Budman$2,674,004$2,207,007—↑ +466,997
Marc Suidan618,3262,184,586—↓ −1,566,260

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against BLZE
5 companies name BLZE as a compensation peer

The list of companies that name BLZE as a peer is temporarily unavailable — recheck shortly.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Gleb BudmanCEO$2,674,004
Marc SuidanCFO$618,326
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Barbara NelsonIndependent Director$203,000
Earl E. FryIndependent Director$205,000
Evelyn D'AnIndependent Director$211,000
Jocelyn Carter-MillerLead Independent Director$226,000
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Marc SuidanChief Financial Officer2026-05-14D2,555$7$18,575CommonForm 4 ↗
Gleb BudmanDirector2026-05-14D3,833727,866CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-05-19A2,50049,200CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D13,177797,905CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-05-20D18,0007133,740CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D13,256798,492CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-05-20D26971,999CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D18,0007133,740CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D18,0007133,740CommonForm 4 ↗
Miller Jocelyn CarterDirector2026-05-26A19,30600CommonForm 4 ↗
An Evelyn DDirector2026-05-26A19,30600CommonForm 4 ↗
Earl E. FryDirector2026-05-26A19,30600CommonForm 4 ↗
Barbara NelsonDirector2026-05-26A19,30600CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-08-20D11,08316179,988CommonForm 4 ↗
Gleb BudmanDirector2026-08-20D11,08316179,988CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-08-21D2,1101633,380CommonForm 4 ↗
Gleb BudmanDirector2026-08-21D12,85516203,366CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Marc SuidanRSU—————$154,701
Gleb BudmanRSU—————2,113,504
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Marc Suidan$154,701$0$00.0%
Gleb Budman2,113,504000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gleb BudmanRSU163,059—$1,893,117
Marc SuidanRSU206,250—961,125
05

Incentive-plan design — the Compensation Discussion & Analysis

The base salaries of all of our named executive officers are reviewed at least annually and adjusted when our Compensation Committee (or Board) determines an adjustment is appropriate.

CEO STI target (% of salary)75%
CEO LTI target (% of salary)—
Independent consultantCompensia
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-26—————
20252025-05-27—————
20242024-05-16—————
20232023-06-05—————
20222022-06-02—————

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-26—a
20252025-05-27—b
20242024-05-16—c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jocelyn Carter-MillerIndependent · Lead Independent Director · Audit · Compensation (Chair) · Nominating and Corporate Governance$76,000$150,000$0—$0$226,000
Evelyn D'AnIndependent · Audit (Chair) · Compensation61,000150,0000—0211,000
Earl E. FryIndependent · Audit · Compensation · Nominating and Corporate Governance55,000150,0000—0205,000
Barbara NelsonIndependent · Audit · Nominating and Corporate Governance (Chair)53,000150,0000—0203,000
Gleb BudmanEmployee director · Board Chair000—00
09

Board fee structure and ownership guideline

Annual cash retainer$35,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 12,000 / 8,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$245,000
Equity awards (grant-date value)$600,000
All other compensation$0
Total cost of the board$845,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Backblaze2025Gleb Budman$550,000$2,113,504$0$0$2,674,004

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Backblaze in fiscal 2025?
As disclosed, Gleb Budman (Chief Executive Officer and Chairperson) was the highest-paid executive at Backblaze in fiscal 2025, with total compensation of $2,674,004.
How much does Backblaze spend in total on board compensation for fiscal 2025?
As disclosed, Backblaze reported total board compensation of $845,000 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Gleb BudmanDEF 14A2026-04-150001140361-26-014778Section “Summary Compensation Table”. As printed: 2,674,004. Filing ↗machine: t82 · r2 · c18 · span 335635–335644
2Section 01, Marc SuidanDEF 14A2026-04-150001140361-26-014778Section “Summary Compensation Table”. As printed: 618,326. Filing ↗machine: t82 · r5 · c18 · span 345831–345838
3Section 03, Marc Suidan RSUDEF 14A2026-04-150001140361-26-014778Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t82 · r5 · c12 · span 344819–344826
4Section 03, Gleb Budman RSUDEF 14A2026-04-150001140361-26-014778Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t82 · r2 · c12 · span 334500–334509
5Section 07, pay ratio10-K2026-03-100001628280-26-016395Section “CEO Pay Ratio”. As printed: —. Filing ↗
6Section 08, Jocelyn Carter-MillerDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 226,000. Filing ↗machine: t77 · r2 · c15 · span 285677–285860
7Section 08, Evelyn D'AnDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 211,000. Filing ↗machine: t77 · r4 · c15 · span 291456–291682
8Section 08, Earl E. FryDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t77 · r5 · c15 · span 294027–294209
9Section 08, Barbara NelsonDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 203,000. Filing ↗machine: t77 · r3 · c15 · span 288352–288535
10Section 08, Gleb BudmanDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 0. Filing ↗
11Section 02, Marc Suidan 2026-05-14Form 42026-05-180001628280-26-035906Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, Gleb Budman 2026-05-14Form 42026-05-180001628280-26-035908Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Marc Suidan 2026-05-19Form 42026-05-210001628280-26-037500Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Gleb Budman 2026-05-20Form 42026-05-260001628280-26-038269Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Marc Suidan 2026-05-20Form 42026-05-210001628280-26-037500Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Gleb Budman 2026-05-20Form 42026-05-210001628280-26-037510Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Marc Suidan 2026-05-20Form 42026-05-210001628280-26-037500Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Gleb Budman 2026-05-20Form 42026-05-260001628280-26-038269Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Gleb Budman 2026-05-20Form 42026-05-210001628280-26-037510Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Miller Jocelyn Carter 2026-05-26Form 42026-06-010001628280-26-039495Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, An Evelyn D 2026-05-26Form 42026-06-010001628280-26-039493Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Earl E. Fry 2026-05-26Form 42026-06-010001628280-26-039494Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Barbara Nelson 2026-05-26Form 42026-06-010001628280-26-039496Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Marc Suidan 2026-08-20Form 42026-08-240001628280-26-058707Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Gleb Budman 2026-08-20Form 42026-08-240001628280-26-058708Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Marc Suidan 2026-08-21Form 42026-08-240001628280-26-058707Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Gleb Budman 2026-08-21Form 42026-08-240001628280-26-058708Insider equity transaction reported since the proxy statement. Filing ↗
28Section 06, 2026 voteForm 8-K2026-05-270001628280-26-038272Item 5.07 · say-on-pay result. As reported: —. Filing ↗
29Section 06, 2025 voteForm 8-K2025-06-020001628280-25-028814Item 5.07 · say-on-pay result. As reported: —. Filing ↗
30Section 06, 2024 voteForm 8-K2024-05-200001628280-24-024333Item 5.07 · say-on-pay result. As reported: —. Filing ↗
31Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
33Section 09b board cost (computed)Computed——Cash 245,000 + equity 600,000 + all other 0 = 845,000, summed across the director compensation table rows.machine: formula: Σ = 845,000
34Backblaze (subject), Section 10b CEO totalDEF 14A2026-04-150001140361-26-014778CEO total compensation as printed in Backblaze's own proxy. As printed: 2,674,004. Filing ↗machine: t82 · r2 · c18 · span 335635–335644

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