Sehmi Harminder 4
4 · Blaize Holdings, Inc. · Filed Jan 15, 2025
Insider Transaction Report
Form 4
Sehmi Harminder
Chief Financial Officer
Transactions
- Award
Stock Option
2025-01-13+29,436→ 29,436 totalExercise: $14.62Exp: 2029-10-17→ Common Stock (29,436 underlying) - Award
Stock Option
2025-01-13+774,236→ 774,236 totalExercise: $0.57Exp: 2033-09-18→ Common Stock (774,236 underlying) - Award
Common Stock
2025-01-13+212,155→ 212,155 total - Award
Stock Option
2025-01-13+862,915→ 862,915 totalExercise: $1.18Exp: 2034-10-23→ Common Stock (862,915 underlying)
Footnotes (5)
- [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.