Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-01

Backblaze (BLZE)

Fiscal year 2025 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
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against BLZE
6 companies name BLZE as a compensation peer

Each company listed discloses BLZE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BLZE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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 FY20242025
Gleb Budman$2,674,004$467,215
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.

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 Officer2026-05-19D18,0007133,740CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-05-19A2,50049,200CommonForm 4 ↗
Marc SuidanChief Financial Officer2026-05-19D26971,999CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D18,0007133,740CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D13,256798,492CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D18,0007133,740CommonForm 4 ↗
Gleb BudmanDirector2026-05-20D13,177797,905CommonForm 4 ↗
Barbara NelsonDirector2026-05-26A19,30600CommonForm 4 ↗
Miller Jocelyn CarterDirector2026-05-26A19,30600CommonForm 4 ↗
An Evelyn DDirector2026-05-26A19,30600CommonForm 4 ↗
Earl E. FryDirector2026-05-26A19,30600CommonForm 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 BudmanRSU2,113,504
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 SuidanRSU206,250961,125
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
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) · Compensation61,000150,00000211,000
Earl E. FryIndependent · Audit · Compensation · Nominating and Corporate Governance55,000150,00000205,000
Barbara NelsonIndependent · Audit · Nominating and Corporate Governance (Chair)53,000150,00000203,000
Gleb BudmanEmployee director · Board Chair00000
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.

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 285846–285853
7Section 08, Evelyn D'AnDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 211,000. Filing ↗machine: t77 · r4 · c15 · span 291661–291668
8Section 08, Earl E. FryDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t77 · r5 · c15 · span 294196–294203
9Section 08, Barbara NelsonDEF 14A2026-04-150001140361-26-014778Section “Director Compensation”. As printed: 203,000. Filing ↗machine: t77 · r3 · c15 · span 288521–288528
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, Marc Suidan 2026-05-19Form 42026-05-210001628280-26-037500Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Marc Suidan 2026-05-19Form 42026-05-210001628280-26-037500Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Gleb Budman 2026-05-20Form 42026-05-260001628280-26-038269Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Gleb Budman 2026-05-20Form 42026-05-210001628280-26-037510Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Gleb Budman 2026-05-20Form 42026-05-210001628280-26-037510Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Gleb Budman 2026-05-20Form 42026-05-260001628280-26-038269Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Barbara Nelson 2026-05-26Form 42026-06-010001628280-26-039496Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Miller Jocelyn Carter 2026-05-26Form 42026-06-010001628280-26-039495Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, An Evelyn D 2026-05-26Form 42026-06-010001628280-26-039493Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Earl E. Fry 2026-05-26Form 42026-06-010001628280-26-039494Insider equity transaction reported since the proxy statement. Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 245,000 + equity 600,000 + all other 0 = 845,000, summed across the director compensation table rows.machine: formula: Σ = 845,000
27Backblaze (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