Blaize Holdings SEC Filings

Blaize Holdings, Inc. (BZAI) – Form 4 insider transaction

On 06/28/2025, director and >10% shareholder Lane Bess reported the acquisition of 159,250 shares of common stock via a restricted stock unit (RSU) grant priced at $0.00 per share (transaction code “A”). Following the award, Bess now holds 206,591 shares directly. In addition, he retains substantial indirect interests:

• 11,653,976 shares through Bess Ventures & Advisory, LLC (includes 1,207,193 earn-out shares)
• 442,587 shares through the Destin Huang Irrevocable Trust (includes 52,619 earn-out shares)

The RSU grant strengthens management–shareholder alignment but is non-cash and therefore has no immediate capital inflow to the company. Dilution impact appears limited, though materiality depends on Blaize’s total shares outstanding (not disclosed in the filing). No derivative transactions were reported, and the award vests subject to the terms of the grant agreement.

Form 4 Overview: Hilltop Holdings Inc. (HTH) filed a Form 4 covering Director/Officer Charlotte Jones Anderson. The filing reports a single transaction dated 06/30/2025.

Transaction Details: Anderson acquired 50 shares of HTH common stock under the company’s 2020 Equity Incentive Plan, which compensates outside directors each quarter. The grant is recorded at an average price of $29.852 per share, a valuation methodology based on the 06/16/25–06/30/25 closing-price average. Post-transaction, Anderson’s direct beneficial ownership stands at 16,228 shares.

Context & Materiality: The market value of the shares acquired is roughly $1.5 thousand, representing a de minimis addition relative to both Anderson’s existing stake and Hilltop’s market capitalization. No derivatives were involved, and there were no dispositions. Because the trade was compensation-related and routine in size, it is unlikely to influence near-term trading sentiment or valuation models.

Takeaway for Investors: Routine equity compensation grants can signal continued alignment between directors and shareholders, but the size of this award is too small to be considered a meaningful indicator of insider conviction. The filing is therefore viewed as informational rather than market-moving.

Form Type: Form 4 (Insider transaction)
Company: Northern Trust Corporation (NTRS)
Reporting Person: Susan Crown, Director
Filing Date: 02-Jul-2025
Transaction Date: 01-Jul-2025

The filing documents a single transaction in which Director Susan Crown acquired 84.11 common-stock units at a stated price of $127.99 per unit. Following the purchase she directly owns 37,404.52 stock-unit equivalents and 18,400 common shares. In addition, Ms. Crown reports indirect holdings of 4,000 shares held in trusts for her children and 339,696 shares held through HCNI II LLC, an entity controlled by family trusts. She expressly disclaims beneficial ownership of the indirectly held shares beyond her proportionate interest.

No derivative securities were transacted, and the filing contains no sales of company shares. The transaction appears to be a routine board-level acquisition—likely part of a deferred-compensation or director-fee program—given the small dollar value (~US$10.8 thousand) relative to Ms. Crown’s overall holdings and the company’s share count.

Materiality assessment: The purchase modestly increases insider direct ownership but is immaterial to Northern Trust’s capital structure and does not signal a notable change to insider sentiment on its own.

Form 4 filing for Blaize Holdings, Inc. (BZAI) discloses that director Edward H. Frank was granted 212,500 shares of Common Stock on 06/28/2025. The transaction is coded “A” (acquisition) and is explicitly described in the notes as an award of restricted stock units (RSUs) that will vest according to the applicable grant agreement.

Following the award, Frank’s total beneficial ownership rises to 303,499 shares, held directly. This figure includes 90,999 Earn-Out Shares that will only convert to common stock if the company’s trading price exceeds specified thresholds. No derivative securities were reported in Table II.

The RSU grant was recorded at a price of $0, indicating a non-cash equity incentive. The filing was signed on 07/02/2025 by Attorney-in-Fact Harminder Sehmi.

Key take-aways for investors:

• Sizeable equity award increases insider alignment but also adds up to 212,500 new shares to the potential float once vested.
• Earn-Out Shares create a performance-based component tied to future share-price milestones.
• No sales or disposals were reported; the transaction solely increases insider ownership.

Blaize Holdings, Inc. (BZAI) – Insider Form 4 Filing

Director George de Urioste reported the grant of 94,361 restricted stock units (RSUs) on 28 June 2025. The award was made at $0 cost to the director and will vest according to the company’s grant agreement (specific vesting schedule not disclosed in the filing). Following the transaction, de Urioste’s direct beneficial ownership stands at 94,361 common shares. No derivative securities or dispositions were reported in Table II, indicating the filing solely reflects a new equity grant rather than an exercise or sale.

The transaction is coded “A,” confirming it is an acquisition stemming from a compensatory award, and not an open-market purchase. While the share count is modest relative to Blaize Holdings’ total shares outstanding (not provided in this document), such awards are routine components of director compensation structures and signal continued alignment of management and shareholder interests. However, issuance of new equity does create marginal dilution.

Everi Holdings Inc. (EVRI) filed a Form 4 disclosing that director Secil Tabli Watson has disposed of her entire equity stake in connection with the company’s previously announced merger transaction.

• Date of disposition: 01-Jul-2025 (the merger’s effective time).
• Cash consideration: Each common share and each share underlying outstanding RSUs was converted into the right to receive $14.25 in cash, with no interest.
• Common stock: 1,000 shares disposed; post-transaction ownership: 0.
• Restricted stock units: Five separate RSU grants totaling 40,400 units (2,400 + 7,600 + 9,200 + 10,700 + 10,500) were cancelled for the same cash consideration.
• Result: Watson now reports no direct or indirect ownership; Everi became a wholly-owned subsidiary of Voyager Parent LLC at closing.

The filing confirms the consummation of the merger outlined in the July 26 2024 Agreement and Plan of Merger among Everi, IGT PLC, Spinco (an IGT subsidiary), and Voyager entities. All equity interests have been converted to cash, ending the reporter’s insider status under Section 16.

Foot Locker, Inc. (FL) filed a Form 4 disclosing that independent director Ulice Payne Jr. received 3,836.735 shares of common stock on 07/01/2025 at a reference price of $24.50 per share, representing the stock portion of his 2025 annual board retainer.

The director elected to defer receipt of these shares until his termination of board service, a common practice that postpones taxable recognition and aligns director compensation with long-term shareholder value. After the transaction, Payne’s direct beneficial ownership increased to 21,520.193 shares. No derivative securities were reported, and no sales occurred.

Because the grant is routine, represents a market value of roughly $94 thousand, and does not alter insider selling/buying trends, the filing carries minimal market impact and does not affect Foot Locker’s operating outlook or capital structure.

Form 3 overview: Churchill Sponsor X LLC filed an initial statement of beneficial ownership for Churchill Capital Corp X (CCCXU) on 05/13/2025. The filing confirms that the sponsor directly holds 10,350,000 Class B ordinary shares. These founder shares automatically convert to Class A ordinary shares on a one-for-one basis at the time of the SPAC’s initial business combination, or earlier at the holder’s option, subject to customary anti-dilution adjustments cited in the company’s Form S-1.

Michael Klein, through M. Klein Associates, Inc. (the managing member of the sponsor), is deemed to have voting and investment control over the shares, although he disclaims beneficial ownership except to the extent of any pecuniary interest.

The filing identifies Churchill Sponsor X LLC as a 10% owner; no other classes of non-derivative securities are reported. No purchase, sale, or price information is included—this filing merely establishes the sponsor’s ownership position at the SPAC’s inception.