Ava Private Markets S.a r.l. 4

What Happened Ava Investors S.A., a 10% owner / investment manager for Ava Private Markets, reported an other disposition (code J) on 2026-03-31 in which 5,145,638 shares of Blaize Holdings, Inc. (BZAI) were distributed for no consideration. No sale price was reported (price = N/A). The filing was submitted on 2026-04-02.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely filing).
• Transaction type/code: Other disposition (J); shares distributed for no consideration (Footnote F1).
• Shares disposed: 5,145,638; no cash proceeds reported (N/A).
• Reported holdings context: Footnote F2 states 11,737,254 BZAI shares are held by Ava Private Markets S.à r.l. and affiliates; Ava Investors S.A. is the investment manager and exercises investment power. Reporting persons disclaim beneficial ownership except for any pecuniary interest.
• Institutional/10% owner activity — not an individual executive director trade.

Context This was a non-cash distribution (per the footnote), which is different from an open-market sale and does not necessarily reflect a manager’s view of the stock’s near-term prospects. As an institutional 10% holder and manager, the transaction likely reflects fund/ownership reorganization or distributions to investors rather than routine insider selling.