Backblaze, Inc. announced on December 3, 2024, that it granted equity awards on November 29, 2024, to its recently hired Chief Financial Officer, Marc Suidan, and Chief Revenue Officer, Jason Wakeam. These grants were made as a material inducement to their employment, which began on August 20, 2024.
Marc Suidan received 300,000 restricted stock units (RSUs), and Jason Wakeam received 112,740 RSUs. Each RSU is convertible into one share of the company’s common stock upon vesting. The RSUs will vest 25% on the first anniversary of August 20, 2024, with the remainder vesting in equal quarterly installments over the subsequent four-year period.
The appointments of a new CFO and CRO are critical for Backblaze's strategic transformation, particularly in accelerating B2 Cloud Storage growth and achieving profitability. These leadership additions are expected to drive the company's go-to-market approach and financial management.
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