Patak Stephen Paul 4

What Happened

• Stephen Paul Patak, Chief Revenue Officer of Blaize Holdings, had restricted stock units (RSUs) vest and convert on April 12, 2026. The Form 4 reports an acquisition/ conversion of 2,500 shares (derivative transaction code M). The filing also shows a separate 2,500-share disposition recorded at $0.00 (also coded M).
• The acquisition line lists N/A for price; the disposition line is reported at $0.00. No cash value is reported in the filing for these entries.

Key Details

• Transaction date: April 12, 2026; Form 4 filed April 14, 2026 (timely).
• Transaction codes: M = exercise/conversion of a derivative (here, RSUs).
• Shares acquired: 2,500 via conversion of RSUs; Shares disposed: 2,500 at $0.00 (reason not specified in filing).
• Shares owned after the transaction: not specified in the provided filing extract.
• Relevant footnotes from the filing:
  • F1: These transactions represent conversion of RSUs that vested on April 12, 2026.
  • F2: Each RSU equals one share of Blaize common stock.
  • F3: The RSUs vest quarterly in eight equal installments beginning April 12, 2026.
  • F4: The reporting person's stock options vest 25% on Jan 12, 2027 and quarterly thereafter.

Context

• This was not an open-market purchase or sale; it reflects RSU vesting/conversion. The filing does not explain the $0.00 disposition; filings of this type sometimes reflect share withholding or administrative transfers related to taxes, but no reason is explicitly stated here.
• Transaction code M signals a conversion/exercise of a derivative (RSU conversion in this case). These entries do not necessarily indicate a change in the insider’s market sentiment.