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

Role
Chief Financial Officer
Signature
/s/ Harminder Sehmi
Stock symbol
BZAI
Transactions as of
Jan 13, 2025
Transactions value $
$0
Form type
4
Date filed
1/15/2025, 08:46 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZAI Common Stock Award +212K 212K Jan 13, 2025 Direct F1

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 BZAI Stock Option Award +29.4K 29.4K Jan 13, 2025 Common Stock 29.4K $14.62 Direct F2, F3
transaction BZAI Stock Option Award +774K 774K Jan 13, 2025 Common Stock 774K $0.57 Direct F2, F4
transaction BZAI Stock Option Award +863K 863K Jan 13, 2025 Common Stock 863K $1.18 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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, 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.
F3 The stock option is fully vested and exercisable.
F4 The stock option vests in 36 substantially equal monthly installments beginning on October 19, 2023.
F5 The stock option vests as to one third of the underlying shares on July 1, 2025, and thereafter in 24 equal monthly installments.