Lane Bess - 13 Jan 2025 Form 4 Insider Report for Blaize Holdings, Inc. (BZAI)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
15 Jan 2025, 20:46:26 UTC
Next SEC filing
02 Jul 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Harminder Sehmi, Attorney-in-Fact

Key filing fact

Lane Bess filed Form 4 for Blaize Holdings, Inc. (BZAI) on 15 Jan 2025.

Key facts

  • This page summarizes Lane Bess's Form 4 filing for Blaize Holdings, Inc. (BZAI).
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 15 Jan 2025, 20:46.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BZAI transaction

Common Stock

Award

Transaction value
Shares
+47,341
Change %
Price
Shares after
47,341
Date
13 Jan 2025
Ownership
Direct
Footnotes
F1
BZAI transaction

Common Stock

Award

Transaction value
Shares
+11,653,976
Change %
Price
Shares after
11,653,976
Date
13 Jan 2025
Ownership
By Bess Ventures and Advisory, LLC
Footnotes
F2, F3
BZAI transaction

Common Stock

Award

Transaction value
Shares
+442,587
Change %
Price
Shares after
442,587
Date
13 Jan 2025
Ownership
By Destin Huang Irrevocable Trust
Footnotes
F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BZAI transaction Derivative

Stock Option

Award

Transaction value
Shares
+185,234
Change %
Price
Shares after
185,234
Date
13 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
185,234
Exercise price
$1.18
Footnotes
F6, F7
BZAI transaction Derivative

Stock Option

Award

Transaction value
Shares
+187,379
Change %
Price
Shares after
187,379
Date
13 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
187,379
Exercise price
$1.18
Footnotes
F6, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Represents Earn-Out Shares, each of which represents a contingent right to receive one share of Common Stock if the trading price of the Issuer's Common Stock exceeds certain thresholds for 20 of 30 consecutive trading days post-closing of the Issuer's business combination.

Footnote F2

Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of December 22, 2023 and amended on April 22, 2024, October 24, 2024 and November 21, 2024 (the "Merger Agreement"), by and between the Issuer (formerly BurTech Acquisition Corp.), BurTech Merger Sub Inc., Blaize, Inc. ("Legacy Blaize") and for the limited purposes set forth therein, Burkhan Capital LLC. Includes 1,207,193 Earn-Out Shares. Also includes 1,500,000 shares of Common Stock that BurTech LP LLC is obligated to deliver to Bess Ventures and Advisory, LLC pursuant to two promissory notes.

Footnote F3

The reporting person is the managing member and owner of Bess Ventures and Advisory, LLC and therefore may be deemed to share beneficial ownership over such shares.

Footnote F4

Represents securities received as part of the Merger Agreement. Includes 52,619 Earn-Out Shares.

Footnote F5

Represents securities held by the Coral Gables Trust Company, as Trustee of the Destin Huang Irrevocable Trust Dated October 19, 2021 (the "Trust"). The reporting person is the Investment Fiduciary of the Trust and therefore may be deemed to share beneficial ownership over such shares.

Footnote F6

Represents securities received as part of the Merger Agreement, pursuant to which securities of Legacy Blaize were automatically converted into the right to receive stock options of the Issuer as set forth in the Merger Agreement.

Footnote F7

The stock option is fully vested and exercisable.

Footnote F8

The stock option vests as to one third of the underlying shares on December 1, 2025 and thereafter in 24 equal monthly installments.

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