Bess Ventures & Advisory, LLC 4

What Happened
Bess Ventures & Advisory, LLC (reported as a 10% owner) acquired 2,000,000 shares of Blaize Holdings, Inc. (BZAI) on May 8, 2026 at a reported price of $1.83 per share, a total value of $3,660,000. The filing reports this as an "other acquisition or disposition" (Form 4 code J) tied to satisfying a previously contracted debt rather than a typical open-market purchase.

Key Details

• Transaction date: May 8, 2026; filing date: May 12, 2026 (filed within required two business days).
• Price: $1.83 per share; Shares acquired: 2,000,000; Aggregate value: $3,660,000.
• Transaction code: J — acquisition in connection with satisfying debt.
• Footnote F1: Transaction is exempt from Section 16(b) short-swing profit rules as it was "acquired in good faith in connection with a debt previously contracted."
• Footnote F2: The $1.83 price reflects the market open price on May 8, 2026 and reflects the portion of the loan balance being satisfied by these shares.
• Shares owned after the transaction: not specified in the information provided.

Context
This filing is from a 10% owner (an institutional/large holder), not an officer or director. Such transfers to satisfy debt are administrative/financial in nature and are treated differently under Section 16 rules; they do not necessarily signal management sentiment. The reported timing and footnotes indicate the shares were used to settle part of a loan rather than acquired in a standard market buy.