Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Backblaze, Inc. (Nasdaq: BLZE) today announced that on May 28, 2026, it granted an equity inducement award to Anuj Kumar, the Company’s Chief Revenue Officer, as a material inducement to Mr. Kumar’s employment with the Company.
Mr. Kumar brings over two decades of experience scaling cloud revenue organizations at enterprise infrastructure companies, notably driving NetApp's worldwide cloud business during a period of significant growth. He joins Backblaze as the company advances its go-to-market transformation, while AI adoption drives a new phase of infrastructure demand.
The inducement award consists of 316,630 restricted stock units (“RSUs”) and 105,540 performance-based stock units (“PSUs”) for Mr. Kumar.
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.
