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03.06.26 - 02:06
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Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) (Business Wire)
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SAN FRANCISCO--(BUSINESS WIRE)--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.
The PSUs will vest as to 33.33% of the underlying shares following the release of 2026 earnings, wi...
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29.05.26 - 17:06
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Gap Lowers Sales Outlook; Dell Soars on AI Demand | Stock Movers (Bloomberg)
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On this episode of Stock Movers with Alexis Christoforous:
- Dell (DELL) shares are soaring after the company gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that power artificial intelligence work.
- Gap (GAP) shares plunged after the company lowered its sales outlook due to struggles with its product mix.
- NetApp (NTAP) shares jumped after the data storage provider reported its latest earnings. Analyst say the report is a strong print from the company, showing strong growth, with upgrades to consensus expected. (Source: Bloomberg)...
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