Blaize CEO exercises options, sells 50K shares
Blaize Holdings CEO Munagala Dinakar reported an exercise-and-sale transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
Blaize Holdings CEO Munagala Dinakar reported an exercise-and-sale transaction in company stock. On the same date, he exercised stock options for 50,000 shares of common stock at $0.57 per share and sold 50,000 shares at a weighted average price of $2.54, all under a pre-arranged Rule 10b5-1 trading plan.
Following these transactions, he directly owns 551,422 shares of common stock and continues to hold significant equity-based incentives, including stock options, restricted stock units, and earnout shares tied to future stock price performance and vesting schedules.
Insider Trade Summary 10b5-1
Exercise and Sale: 50,000 shares ($99K approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Munagala Dinakar
Role
Chief Executive Officer
Sold
50,000 shs ($127K)
Approx. gross sale proceeds
$127K
Approx. exercise cost
$28K
Approx. pre-tax spread
$99K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to purchase) | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $0.57 | $28K |
| Sale | Common Stock | 50,000 | $2.54 | $127K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Earnout Shares | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to purchase) — 10,146,692 contracts for 6,046,345 underlying shares (Direct);
Common Stock — 551,422 shares (Direct);
Restricted Stock Units — 2,421,971 contracts (Direct);
Earnout Shares — 1,371,303 contracts (Direct)
Footnotes (11)
- F1. The reported exercise of 50,000 stock options underlying 50,000 shares of the Issuer's common stock was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025 (the "10b5-1 trading plan").
- F2. In the reporting person's prior Form 4 filings, earnout shares and unvested restricted stock units had been reported in Table I. These holdings have been moved to Table II, and there have been no transactions in such holdings since the reporting person's last Form 4 filing.
- F3. The reported sales were effected pursuant to the reporting person's Rule 10b5-1 trading plan.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.50 to $2.63, inclusive. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
- F5. The stock option vests in 36 substantially equal monthly installments beginning on October 19, 2023.
- F6. Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of December 22, 2023 and amended on April 22, 2024, October 24, 2024, and November 21, 2024 (the "Merger Agreement") by and among the Issuer (formerly BurTech Acquisition Corp.), BurTech Merger Sub, Inc., Blaize, Inc. ("Legacy Blaize"), and for the limited purposes set forth therein, Burkhan Capital LLC, pursuant to which securities of Legacy Blaize were automatically converted into the right to receive stock options of the Issuer as set forth in the Merger Agreement.
- F7. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F8. The restricted stock units vest 25% on December 1, 2027, and quarterly thereafter commencing on March 1, 2028.
- F9. On January 13, 2025, the date of the Issuer's business combination, the reporting person received earnout shares in respect of the Issuer's business combination. Each eanout share represents a contingent right to receive one share of the Issuer's common stock if the trading price of the Issuer's common stock exceeds certain thresholds for 20 of 30 consecutive trading days post-closing of the Issuer's business combination.
- F10. The stock option vests as to one third of the underlying shares on July 1, 2025 and thereafter in 24 equal monthly installments.
- F11. The stock option to purchase one share of the Issuer's common stock for each stock option is fully vested and exercisable.
Key Figures
Shares sold: 50,000 shares
Sale price: $2.54 per share
Options exercised: 50,000 shares
+4 more
7 metrics
Shares sold
50,000 shares
Common stock sale on 2026-04-17 at weighted average $2.54
Sale price
$2.54 per share
Weighted average; trades ranged from $2.50 to $2.63
Options exercised
50,000 shares
Stock options exercised at $0.57 per share (Code M)
Shares held after
551,422 shares
Direct common stock ownership after reported transactions
Large option grant
5,755,192 underlying shares
Employee stock option at $1.18, expiring 2034-10-23
Earnout shares
1,371,303 underlying shares
Contingent rights tied to post-combination trading price
RSU position
2,421,971 units
Each RSU represents one future share; vests starting 2027-12-01
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (right to purchase), earnout shares, Restricted Stock Units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Option (right to purchase) financial
"Employee Stock Option (right to purchase) underlying shares of the Issuer's common stock"
Restricted Stock Units financial
"Restricted Stock Units vest 25% on December 1, 2027, and quarterly thereafter"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Blaize Holdings (BZAI) report for Munagala Dinakar?
Blaize Holdings reported that CEO Munagala Dinakar exercised stock options for 50,000 shares and sold 50,000 shares of common stock. Both actions occurred on the same date and were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a structured, routine liquidity event.
What stock options does the Blaize (BZAI) CEO still hold after the transaction?
The CEO continues to hold employee stock options over millions of underlying Blaize shares at exercise prices of $14.62, $1.29, and $1.18. These options have expiration dates ranging from 2027 to 2034, providing long-term potential equity exposure to the company’s future performance.
What restricted stock units (RSUs) does the Blaize (BZAI) CEO hold?
The CEO holds 2,421,971 restricted stock units, each convertible into one share of Blaize common stock. These RSUs vest 25% on December 1, 2027, and continue vesting quarterly beginning March 1, 2028, aligning compensation with longer-term company performance and retention.
AI-generated analysis. How Rhea-AI works. Not financial advice.
