SEC Form SC 13G/A filed by Backblaze Inc. (Amendment)

10/10/23 4:34:35 PM ET

Computer Software: Prepackaged Software

Technology

Get the next $BLZE alert in real time by email

SC 13G/A 1 Blackblaze13g093023t.txt BLACKBLAZE 13G/A THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1 )* Blackblaze, Inc. (Name of Issuer) Class A Common Stock, Par Value $0.0001 (Title of Class of Securities) 05637B105 (CUSIP Number) September 30, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person?s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 05637B105 (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): AWM Investment Company, Inc. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)___ b)___ (3) SEC Use Only (4) Citizenship or Place of Organization: Delaware, United States Number of Shares Beneficially Owned by Each Reporting Person With (5) Sole Voting Power: 1,067,370** (6) Shared Voting Power: 0** (7) Sole Dispositive Power: 1,067,370** (8) Shared Dispositive Power: 0** (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,067,370** (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): (11) Percent of Class Represented by Amount in Row (9): 3.0%** (12) Type of Reporting Person (See Instructions): IA **AWM Investment Company, Inc., a Delaware corporation (AWM), is the investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Fund III QP, L.P. (SSFQP), Special Situations Private Equity Fund, L.P. (SSPE), Special Situations Technology Fund, L.P. (TECH) and Special Situations Technology Fund II, L.P. (TECH II) (CAYMAN, SSFQP, SSPE, TECH and TECH II will hereafter be referred to as the Funds). As the investment adviser to the Funds, AWM holds sole voting and investment power over 129,568 shares of Common Stock of the Issuer (the Shares) held by CAYMAN, 419,792 Shares held by SSFQP, 64,473 Shares held by SSPE, 67,570 Shares held by TECH and 385,967 Shares held by TECH II. See Items 2 and 4 of this Schedule for additional information. Item 1(a). Name Of Issuer: Blackblaze, Inc. Item 1(b). Address of Issuer?s Principal Executive Offices: 500 Ben Franklin Center San Mateo, CA 94401 Item 2(a). Name of Person Filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Island limited partnership (CAYMAN), Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP) Special Situations Private Equity Fund, L.P., a Delaware limited partnership (SSPE), Special Situations Technology Fund, L.P., a Delaware limited partnership (TECH) and Special Situations Technology Fund II, L.P., a Delaware limited partnership (TECH II), (CAYMAN, SSFQP, SSPE, TECH and TECH II, will hereafter be referred to as the Funds). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN; MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP; MG Advisers, L.L.C., a New York limited liability company (MG), the general partner of SSPE; and SST Advisers, L.L.C., a Delaware limited liability company (SSTA), the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022. Item 2(c). Citizenship: AWM is a Delaware Corporation. Item 2(d). Title of Class of Securities: Class A Common Stock, Par Value $0.0001 Item 2(e). CUSIP No.: 05637B105 Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a: Not Applicable. Item 4. Ownership (a) Amount Beneficially Owned: 1,067,370** (b) Percent of Class: 3.0%** (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 1,067,370** (ii) shared power to vote or to direct the vote: 0** (iii) sole power to dispose or to direct the disposition of: 1,067,370** (iv) shared power to dispose or to direct the disposition of: 0** ______________________________________________________________________ ** AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting and investment power over 129,568 shares of Common Stock of the Issuer (the Shares) held by CAYMAN, 419,792 Shares held by SSFQP, 64,473 Shares held by SSPE, 67,570 Shares held by TECH and 385,967 Shares held by TECH II. Marxe, Greenhouse and Stettner are members of SSCAY, the general partner of CAYMAN. Greenhouse and Stettner are members of: MGP, the general partner of SSFQP; MG, the general partner of SSPE and SSTA, the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. _X__ Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 9, 2023 AWM INVESTMENT COMPANY, INC. By: /s/ Adam Stettner Name: Adam Stettner Title: Executive Vice President Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -1-

Get the next $BLZE alert in real time by email

Recent Analyst Ratings for

$BLZE

Date	Price Target	Rating	Analyst
3/11/2025	$8.00	Buy	Needham
2/18/2022	$26.00 → $22.00	Outperform	Raymond James
12/6/2021	$28.00	Buy	Lake Street
12/6/2021		Outperform	William Blair
12/6/2021	$26.00	Outperform	Raymond James
12/6/2021		Outperform	Oppenheimer
12/6/2021	$30.00	Market Outperform	JMP Securities
12/6/2021	$29.00	Buy	B. Riley Securities

More analyst ratings

SEC Form SC 13G/A filed by Backblaze Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for
$BLZE

$BLZE
Financials

Live finance-specific insights

Backblaze to Announce First Quarter 2025 Results on May 7, 2025

Backblaze to Announce Fourth Quarter and Full Year 2024 Results on February 25, 2025

Backblaze Announces Record Adjusted EBITDA Margin as Part of Third Quarter 2024 Financial Results

$BLZE
Press Releases

Fastest customizable press release news feed in the world

Backblaze to Announce First Quarter 2025 Results on May 7, 2025

Backblaze B2 Cloud Storage Scalable Application Keys Innovation Wins NAB Show 2025 Product of the Year

Backblaze and PureNodal Partner to Accelerate AI at Scale Delivering Cost-Effective, Enterprise-Grade Solutions for AI and HPC Workloads

$BLZE
SEC Filings

SEC Form DEFA14A filed by Backblaze Inc.

SEC Form DEF 14A filed by Backblaze Inc.

Backblaze Inc. filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

$BLZE
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

CEO and Chairperson Budman Gleb was granted 300,000 shares, increasing direct ownership by 16% to 2,163,857 units (SEC Form 4)

Senior VP, Engineering Cessna Tina was granted 60,000 shares, increasing direct ownership by 43% to 198,062 units (SEC Form 4)

CEO and Chairperson Budman Gleb sold $40,968 worth of shares (6,362 units at $6.44), covered exercise/tax liability with 11,374 shares and was granted 16,947 shares, decreasing direct ownership by 0.04% to 1,863,857 units (SEC Form 4)

$BLZE
Leadership Updates

Live Leadership Updates

Backblaze Deepens Sales Leadership Team

Backblaze Names Marc Suidan Chief Financial Officer

Backblaze Names Jason Wakeam Chief Revenue Officer

$BLZE
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Needham initiated coverage on Backblaze with a new price target

Raymond James reiterated coverage on Backblaze with a new price target

Lake Street initiated coverage on Backblaze with a new price target

$BLZE
Large Ownership Changes

This live feed shows all institutional transactions in real time.