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

Role
Director
Signature
/s/ Harminder Sehmi, Attorney-in-Fact
Issuer symbol
BZAI
Transactions as of
13 Jan 2025
Net transactions value
$0
Form type
4
Filing time
15 Jan 2025, 21:51:42 UTC
Next filing
02 Jul 2025
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 +90,999 90,999 13 Jan 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 +212,169 212,169 13 Jan 2025 Common Stock 212,169 $0.5700 Direct F2, F3
transaction BZAI Stock Option Award +350,970 350,970 13 Jan 2025 Common Stock 350,970 $1.18 Direct F2, F3
transaction BZAI Stock Option Award +146,237 146,237 13 Jan 2025 Common Stock 146,237 $1.18 Direct F2, F4
* 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 as to one third of the underlying shares on December 1, 2025, and thereafter in 24 equal monthly installments