Bess Lane 4

What Happened

• Bess Lane, a director of Blaize Holdings, reported an acquisition of 2,000,000 shares on May 8, 2026. The Form 4 lists the transaction as an "other acquisition or disposition (J)" and shows no per‑share price (N/A).
• Footnotes explain the shares were acquired by Bess Ventures and Advisory, LLC in good faith in connection with a previously contracted debt; that acquisition is exempt from Section 16(b) short‑swing profit rules.

Key Details

• Transaction date: 2026-05-08 (reported on Form 4 filed 2026-05-12 — within the SEC’s two business‑day filing window).
• Transaction type/code: Other acquisition (Code J) — not an open‑market purchase or sale; price listed as N/A.
• Shares acquired: 2,000,000.
• Holdings after transaction: Not specified in the excerpted filing; filing notes the reporting person may share beneficial ownership via Bess Ventures and Advisory, LLC and certain trusts.
• Notable footnotes:
  • F1: Acquisition by Bess Ventures in connection with debt; exemption from Section 16(b).
  • F3: Reporting person is managing member/owner of Bess Ventures and may be deemed to share beneficial ownership.
  • Remark: Bess Ventures and Advisory, LLC files separate Section 16 reports from Ms. Lane.
• Filing timeliness: Report filed May 12, 2026 for a May 8 transaction — within the standard two business‑day window.

Context

• This was a non‑market transfer tied to debt settlement (not a typical buy/sell on the open market), so it does not necessarily signal a personal market bet by the director.
• The exemption from Section 16(b) means short‑swing profit recovery provisions do not apply to this acquisition.
• Because the shares were transferred to/through an entity (Bess Ventures) and related trust relationships are noted, beneficial ownership may be shared or indirect; consult full Form 4 for complete holdings and ownership tables.