Randy Befumo - Aug 13, 2024 Form 4 Insider Report for Bolt Projects Holdings, Inc. (BSLK)

Role: INTERIM CFO
Signature: /s/ Paul Joseph Slattery, Attorney-in-Fact for Randy Befumo
Stock symbol: BSLK
Transactions as of: Aug 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/15/2024, 04:33 PM
Next filing: Nov 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSLK	Common Stock	Award		+153K			153K	Aug 13, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units awarded to the Reporting Person pursuant to the Issuer's equity incentive plan, and subject to the Reporting Person's continued employment with the Issuer, which vest (i) on each quarterly anniversary of July 20, 2021 as to 7,996 shares with respect to 1/16th of the shares subject thereto, (ii) on August 13, 2024 as to 142,728 with respect to 33% of the shares and the remainder to vest on each quarter anniversary of August 13, 2024 with respect to 1/6th of the shares subject thereto, and (iii) 2,263 fully earned shares.
F2	On August 13, 2024, pursuant to that certain Business Combination Agreement, dated as of October 4, 2023, as amended, by and among the Golden Arrow Merger Corp., Beam Merger Sub, Inc. ("Merger Sub") and Bolt Threads, Inc. ("Old Bolt Threads"), Merger Sub merged with and into Old Bolt Threads with Old Bolt Threads surviving as a wholly owned subsidiary of Golden Arrow Merger Corp., which changed its name to Bolt Projects Holdings, Inc. (the "Merger"). Upon consummation of the Merger each issued and outstanding restricted stock unit of Old Bolt Threads was automatically cancelled and converted into approximately 0.29489 restricted stock units of the Issuer.

Content

Represents restricted stock units awarded to the Reporting Person pursuant to the Issuer's equity incentive plan, and subject to the Reporting Person's continued employment with the Issuer, which vest (i) on each quarterly anniversary of July 20, 2021 as to 7,996 shares with respect to 1/16th of the shares subject thereto, (ii) on August 13, 2024 as to 142,728 with respect to 33% of the shares and the remainder to vest on each quarter anniversary of August 13, 2024 with respect to 1/6th of the shares subject thereto, and (iii) 2,263 fully earned shares.

On August 13, 2024, pursuant to that certain Business Combination Agreement, dated as of October 4, 2023, as amended, by and among the Golden Arrow Merger Corp., Beam Merger Sub, Inc. ("Merger Sub") and Bolt Threads, Inc. ("Old Bolt Threads"), Merger Sub merged with and into Old Bolt Threads with Old Bolt Threads surviving as a wholly owned subsidiary of Golden Arrow Merger Corp., which changed its name to Bolt Projects Holdings, Inc. (the "Merger"). Upon consummation of the Merger each issued and outstanding restricted stock unit of Old Bolt Threads was automatically cancelled and converted into approximately 0.29489 restricted stock units of the Issuer.