Andrew Rechtschaffen - Mar 16, 2023 Form 4 Insider Report for Bolt Projects Holdings, Inc. (BSLK)

Role: 10%+ Owner
Signature: /s/ Tricia Branker, Attorney-in-Fact
Stock symbol: BSLK
Transactions as of: Mar 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/15/2024, 08:02 PM
Previous filing: Jun 21, 2022
Next filing: May 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSLK	Class A Common Stock	Conversion of derivative security		+7.05M			7.05M	Mar 16, 2023	see footnote	F1, F2
transaction	BSLK	Common Stock	Conversion of derivative security		+2.62M	+37.11%		9.66M	Aug 13, 2024	see footnote	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BSLK	Class B Common Stock	Conversion of derivative security		-7.05M	-100%		0	Mar 16, 2023	Class A Common Stock	7.05M		see footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	The shares of Class B common stock automatically convert into shares of Class A common stock at the time of the initial business combination of Golden Arrow Merger Corp. (the "Issuer"), or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-253465), as amended (the "Registration Statement"). On March 16, 2023, Golden Arrow Sponsor, LLC (the "Sponsor") voluntarily converted 7,047,500 shares of Class B common stock of the Issuer it held into 7,047,500 shares of Class A common stock in accordance with the amended and restated certificate of incorporation of the Issuer, as amended.
F2	The securities are held directly by the Sponsor and indirectly by the Reporting Person. The Sponsor is controlled by the Reporting Person, Timothy Babich, Jacob Doft and Lance Hirt. Accordingly, each of the Reporting Person and Messrs. Babich, Doft and Hirt share voting and dispositive power over these securities held by the Sponsor and may be deemed to beneficially own such shares. Each of the Reporting Person and Messrs. Babich, Doft and Hirt disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F3	Represents 2,615,202 shares of common stock of the Issuer converted from the convertible promissory notes issued by Bolt Threads, Inc. ("Bolt Threads"), a Delaware corporation, for cash since October 2023 upon the closing of the business combination (the "Closing") by and among the Issuer, Beam Merger Sub, Inc. ("Merger Sub"), a Delaware corporation, and Bolt Threads, pursuant to a business combination agreement entered into on October 4, 2023 (as amended, the "Business Combination Agreement"). At the Closing, Merger Sub merged with and into Bolt Threads, with Bolt Threads surviving the merger and becoming a wholly-owned direct subsidiary of the Issuer, and the Issuer was renamed to Bolt Projects Holdings, Inc.