Blaize (BZAI) CRO gains 2,500 shares as RSUs vest, holds 800,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blaize Holdings, Inc. Chief Revenue Officer Stephen Paul Patak acquired shares through equity compensation rather than open-market trading. On April 12, 2026, 2,500 restricted stock units vested and converted into 2,500 shares of common stock at $0 per share, as part of a quarterly vesting schedule over eight installments starting April 12, 2026. Following this, he directly held 2,500 common shares and 17,500 restricted stock units. He also holds employee stock options covering 800,000 shares of common stock at an exercise price of $1.18, expiring March 29, 2036, which vest 25% on January 12, 2027 and quarterly thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,500 shares exercised/converted
Mixed
3 txns
Insider
Patak Stephen Paul
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $0.00 | -- |
| holding | Employee Stock Option (right to purchase) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 17,500 shares (Direct);
Common Stock — 2,500 shares (Direct);
Employee Stock Option (right to purchase) — 800,000 shares (Direct)
Footnotes (1)
- Represents the conversion of restricted stock units that vested on April 12, 2026. Each restricted stock unit represents a contingent right to receive one share of Blaize Holdings, Inc. common stock. The restricted stock units vest on a quarterly basis in eight equal installments commencing on April 12, 2026. The reporting person's stock options vest 25% on January 12, 2027 and quarterly thereafter.
Key Figures
RSUs converted: 2,500 units/shares
Common shares held: 2,500 shares
RSUs remaining: 17,500 units
+3 more
6 metrics
RSUs converted
2,500 units/shares
Restricted stock units vested and converted on April 12, 2026
Common shares held
2,500 shares
Direct holdings following the April 12, 2026 conversion
RSUs remaining
17,500 units
Restricted stock units outstanding after the April 12, 2026 vesting
Stock options underlying shares
800,000 shares
Employee stock options on common stock, expiration March 29, 2036
Option exercise price
$1.18 per share
Exercise price for employee stock options expiring March 29, 2036
Option expiration date
March 29, 2036
End of term for 800,000-share employee stock option grant
Key Terms
Restricted Stock Units, contingent right, Employee Stock Option (right to purchase), vest, +1 more
5 terms
Restricted Stock Units financial
"Represents the conversion of restricted stock units that vested on April 12, 2026."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
Employee Stock Option (right to purchase) financial
"Employee Stock Option (right to purchase)"
vest financial
"The restricted stock units vest on a quarterly basis in eight equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
exercise price financial
"exercisePrice": "1.1800""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did BZAI Chief Revenue Officer Stephen Paul Patak report in this Form 4?
Stephen Paul Patak reported the vesting and conversion of 2,500 restricted stock units into 2,500 shares of Blaize Holdings common stock. This was a compensation-related equity event, not an open-market stock purchase or sale.
Does this BZAI Form 4 show any open-market buying or selling by the CRO?
The Form 4 shows no open-market buying or selling. It reflects a derivative exercise where 2,500 restricted stock units vested and converted into common shares as scheduled equity compensation.
What ongoing equity awards does the BZAI CRO hold after this filing?
After the filing, he held 17,500 restricted stock units and stock options covering 800,000 shares of common stock. The options have a $1.18 exercise price and expire March 29, 2036, with vesting beginning January 12, 2027.
How do the BZAI restricted stock units vest for the CRO?
The restricted stock units vest quarterly in eight equal installments starting April 12, 2026. Each vested unit provides a contingent right to receive one share of Blaize Holdings common stock upon conversion.
What is the vesting schedule for the BZAI CRO’s employee stock options?
His stock options vest 25% on January 12, 2027, with the remaining options vesting quarterly thereafter. The options cover 800,000 underlying shares of common stock at an exercise price of $1.18 per share.