Cannestra Anthony 4

What Happened
Anthony Cannestra, a director of Blaize Holdings, exercised 50,000 stock options on June 8, 2026 at an exercise price of $0.57 per share (cost $28,500) and sold 50,000 shares in the open market the same day for a weighted average price of $1.68 per share (gross proceeds ~$84,000). A separate derivative conversion/disposition of 50,000 shares is also reported with no per-share price listed in the filing.

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely filing).
• Exercise: 50,000 options at $0.57 → total exercise cost $28,500 (Footnote F1, F4).
• Sale: 50,000 shares sold at a weighted average price of $1.68 ($1.65–$1.70 range) → gross proceeds ~$84,000 (Footnote F2, F3).
• Additional derivative line: 50,000-share conversion/disposition reported with no price shown (see Footnote F5 for background on securities received in the company’s merger).
• Shares owned after the transaction: not reported in this Form 4.
• Footnotes note the transactions were effected pursuant to a Rule 10b5-1 trading plan and that the options are fully vested.

Context

• Cannestra exercised options and sold an equal number of shares under a 10b5-1 plan, a common arrangement that schedules trades in advance; the filing does not state intent or net proceeds after fees/taxes.
• The sale prices were reported as a weighted average across multiple trades; the filing notes the per-trade breakdown is available on request.
• These filings are factual disclosures required for insiders; they do not by themselves indicate the insider’s view of the company’s prospects.