Cessna Tina, Senior VP of Engineering, has demonstrated a clear selling bias in her recent insider transactions involving Backblaze, Inc. (BLZE). Since January 2024, she has executed 14 sales totaling approximately $1.52 million, with no offsetting purchases during this period. The most significant disposals occurred in late February and March 2024, including a $199,000 sale on March 26 and a $200,600 transaction on March 25. These were accompanied by smaller sales clustered around the $10,000-$20,000 range earlier in February, suggesting a sustained reduction in her BLZE holdings. The transactions included both open market sales (code S) and dispositions to satisfy tax obligations (code M), with the latter accounting for a portion of the activity.
Tina’s only recent acquisition was a $49,174.20 award of restricted stock (code F) on August 20, 2025, which stands in contrast to her consistent selling pattern. Prior to 2024, her trading history shows a cumulative buy value of $493,176.21 against total sales of $1.52 million, reinforcing the net divestment trend. The concentration of sales in early 2024—particularly the multi-day clusters in late February and March—indicates a deliberate reduction in exposure to BLZE, though the reasons remain undisclosed in the filings. The absence of purchases during this period further underscores the one-directional nature of her recent trading activity.
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