Blaize CFO sells 40,609 shares in planned trade
Blaize Holdings, Inc. Chief Financial Officer Harminder Sehmi sold 40,609 shares of common stock in an open-market transaction.
Rhea-AI Filing Summary
Blaize Holdings, Inc. Chief Financial Officer Harminder Sehmi sold 40,609 shares of common stock in an open-market transaction. The shares were sold at a weighted average price of $1.37 per share, with individual trades ranging from $1.33 to $1.40, under a Rule 10b5-1 trading plan adopted on December 12, 2025.
Following the sale, Sehmi directly holds 259,773 shares of common stock. He also holds several equity-based awards, including employee stock options to purchase shares of common stock at exercise prices such as $1.18 and $0.57 per share, as well as restricted stock units and earnout shares that can convert into additional common stock if service and performance conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 40,609 shares
Net Sell
7 txns
Insider
Sehmi Harminder
Role
Chief Financial Officer
Sold
40,609 shs ($56K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 40,609 | $1.37 | $56K |
| holding | Earnout Shares | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 259,773 shares (Direct);
Earnout Shares — 212,155 contracts (Direct);
Restricted Stock Units — 362,081 contracts (Direct);
Employee Stock Option (right to purchase) — 1,361,527 contracts (Direct)
Footnotes (9)
- F1. The reported sale of 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.33 to $1.40, 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.
- F3. 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. Company employees entitled to receive earnout shares are required to provide service through the date the target is achieved and if an employee departs, the forfeited earnout shares are re-allocated among the pool of remaining eligible employees. Accordingly, the ultimate number of earnout shares is subject to adjustment from time to time in the event of forfeitures by employees of the Company, which add to the reporting person's earnout shares.
- F4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F5. The restricted stock units vest 25% on December 1, 2027, and quarterly thereafter commencing on March 1, 2028.
- F6. The stock option vests in 36 substantially equal monthly installments beginning on October 19, 2023.
- F7. The stock option vests as to one third of the underlying shares on July 1, 2025 and thereafter in 24 equal monthly installments.
- F8. The stock option vests in eight (8) substantially equal quarterly installments beginning on December 1, 2025.
- F9. 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: 40,609 shares
Weighted average sale price: $1.37 per share
Sale price range: $1.33–$1.40 per share
+5 more
8 metrics
Shares sold
40,609 shares
Open-market sale of common stock
Weighted average sale price
$1.37 per share
Open-market sale price for 40,609 shares
Sale price range
$1.33–$1.40 per share
Range of individual trade prices in the sale
Shares held after sale
259,773 shares
Direct common stock holdings post-transaction
Option at $1.18
862,915 underlying shares
Employee stock option expiring October 23, 2034
Option at $0.57
269,176 underlying shares
Employee stock option expiring September 18, 2033
Restricted stock units
362,081 units
Each unit represents one share of common stock
Earnout shares
212,155 underlying shares
Contingent rights tied to stock price thresholds
Key Terms
Rule 10b5-1 trading plan, earnout shares, restricted stock unit, weighted average price, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"was 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.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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.
business combination financial
"On January 13, 2025, the date of the Issuer's business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Blaize (BZAI) CFO Harminder Sehmi report in this Form 4?
Harminder Sehmi reported selling 40,609 shares of Blaize common stock in an open-market transaction at a weighted average price of $1.37 per share. The filing also details his remaining direct share holdings and multiple stock options, restricted stock units, and earnout shares.
What stock options does the Blaize (BZAI) CFO currently hold?
The filing shows several option grants, including options over 862,915 underlying shares at a $1.18 exercise price expiring October 23, 2034, and options over 269,176 underlying shares at a $0.57 exercise price expiring September 18, 2033, all held with direct ownership.
What are the Blaize (BZAI) CFO’s restricted stock units and how do they vest?
The Form 4 reports 362,081 restricted stock units, each representing a right to one share of common stock. These units vest 25% on December 1, 2027, and then quarterly starting March 1, 2028, subject to continued service with the company during the vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
