Blaize Holdings (BZAI) grants 2M shares to Bess Ventures in settlement

Rhea-AI Filing Summary

Blaize Holdings, Inc. reported that director Bess Lane, through affiliated entity Bess Ventures and Advisory, LLC, was issued 2,000,000 shares of Common Stock on July 7, 2026. The shares were issued to Bess Ventures in settlement of a disagreement related to a letter agreement dated February 15, 2024. Following this issuance, Bess Ventures holds 14,446,783 shares indirectly attributed to Lane, and a separate trust associated with Lane holds 389,968 shares.

Insights

Equity compensation and governance analyst

Indirect insider stake increases via stock issued in a settlement.

Bess Ventures and Advisory, LLC, an entity managed and owned by director Bess Lane, received 2,000,000 shares of Blaize Holdings Common Stock. This was consideration in settling a disagreement tied to a February 15, 2024 letter agreement.

The transaction is coded as an "other" restructuring (Form 4 code J), not an open‑market trade. It increases Lane’s indirect beneficial ownership to 14,446,783 shares via Bess Ventures, plus 389,968 shares held in an irrevocable trust where Lane is Investment Fiduciary.

Because the shares were issued for dispute settlement rather than cash, the economic effect is a non‑cash resolution that adjusts ownership. The filing does not quantify any broader financial impact beyond these share counts.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bess Lane

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	2,000,000	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 14,446,783 shares (Indirect, By Bess Ventures and Advisory, LLC)

Footnotes (1)

1. These shares were issued to Bess Ventures and Advisory, LLC ("Bess Ventures") in settlement of a certain disagreement between the Issuer and Bess Ventures related to a letter agreement dated February 15, 2024, and matters arising thereunder. The reporting person is the managing member and owner of Bess Ventures and therefore may be deemed to share beneficial ownership over such shares. Represents securities held by the Coral Gables Trust Company, as Trustee of the Destin Huang Irrevocable Trust Dated October 19, 2021 (the "Trust"). The reporting person is the Investment Fiduciary of the Trust and therefore may be deemed to share beneficial ownership over such shares.

Key Figures

Shares issued to Bess Ventures: 2,000,000 shares of Common Stock Bess Ventures holdings after transaction: 14,446,783 shares Trust holdings: 389,968 shares +1 more

4 metrics

Shares issued to Bess Ventures 2,000,000 shares of Common Stock Issued on July 7, 2026 in settlement of a disagreement related to a February 15, 2024 letter agreement

Bess Ventures holdings after transaction 14,446,783 shares Indirectly attributed to director Bess Lane through Bess Ventures and Advisory, LLC

Trust holdings 389,968 shares Held by Coral Gables Trust Company as Trustee of the Destin Huang Irrevocable Trust; Lane is Investment Fiduciary

Transaction price per share $0.0000 per share Reported for the 2,000,000-share issuance to Bess Ventures

Key Terms

beneficial ownership, irrevocable trust, letter agreement, settlement

4 terms

beneficial ownership financial

"may be deemed to share beneficial ownership over such shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

irrevocable trust financial

"Destin Huang Irrevocable Trust Dated October 19, 2021"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

letter agreement financial

"related to a letter agreement dated February 15, 2024"

settlement financial

"issued to Bess Ventures and Advisory, LLC in settlement of a certain disagreement"

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

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Available on EDGAR 07/09/2026 - 09:45 PM Accepted by SEC EDGAR 07/09/2026 - 09:45 PM Learn about SEC filing dates

FAQ

What did Blaize Holdings (BZAI) disclose about Bess Lane’s latest Form 4 filing?

Blaize Holdings disclosed that director Bess Lane, through Bess Ventures and Advisory, LLC, received 2,000,000 shares of Common Stock on July 7, 2026, issued as part of a settlement related to a February 15, 2024 letter agreement.

How many Blaize Holdings (BZAI) shares did Bess Ventures hold after the transaction?

After the transaction, Bess Ventures and Advisory, LLC held 14,446,783 shares of Blaize Holdings Common Stock, attributed indirectly to director Bess Lane through her role as managing member and owner of Bess Ventures.

What was the nature of the 2,000,000 Blaize Holdings (BZAI) shares issued to Bess Ventures?

The 2,000,000 shares of Blaize Holdings Common Stock were issued to Bess Ventures and Advisory, LLC in settlement of a disagreement related to a February 15, 2024 letter agreement and associated matters.

Does Bess Lane have other indirect holdings of Blaize Holdings (BZAI) shares?

Yes. An irrevocable trust associated with Bess Lane holds 389,968 Blaize Holdings shares. Lane is the Investment Fiduciary of the trust and may be deemed to share beneficial ownership of these securities.

Was the 2,000,000-share Blaize Holdings (BZAI) transaction an open-market purchase or sale?

No. The 2,000,000-share event is classified under Form 4 code J as an "other" acquisition or disposition, reflecting shares issued in a settlement rather than an open-market buy or sell transaction.

Who legally received the new Blaize Holdings (BZAI) shares reported in the Form 4?

The new 2,000,000 Blaize Holdings shares were issued to Bess Ventures and Advisory, LLC. Director Bess Lane, as managing member and owner of Bess Ventures, may be deemed to share beneficial ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bess Lane

(Last) (First) (Middle)

C/O BLAIZE HOLDINGS, INC.

4659 GOLDEN FOOTHILL PARKWAY, SUITE 206

(Street)

EL DORADO CALIFORNIA 95762

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blaize Holdings, Inc. [ BZAI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/07/2026		J(1)		2,000,000	A	$0(1)	14,446,783	I	By Bess Ventures and Advisory, LLC(2)
Common Stock								389,968	I	By Destin Huang Irrevocable Trust(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were issued to Bess Ventures and Advisory, LLC ("Bess Ventures") in settlement of a certain disagreement between the Issuer and Bess Ventures related to a letter agreement dated February 15, 2024, and matters arising thereunder.

2. The reporting person is the managing member and owner of Bess Ventures and therefore may be deemed to share beneficial ownership over such shares.

3. Represents securities held by the Coral Gables Trust Company, as Trustee of the Destin Huang Irrevocable Trust Dated October 19, 2021 (the "Trust"). The reporting person is the Investment Fiduciary of the Trust and therefore may be deemed to share beneficial ownership over such shares.

Remarks:

Bess Ventures and Advisory, LLC files separate Section 16 reports from the Reporting Person.

	/s/ Harminder Sehmi, as Attorney-in-Fact	07/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)