Blaize Holdings (NASDAQ: BZAI) CFO exercises 505K options and sells 123K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blaize Holdings, Inc. Chief Financial Officer Harminder Sehmi reported an option exercise and share sale in company stock. Sehmi exercised 505,060 stock options at an exercise price of $0.57 per share, acquiring the same number of shares of Blaize common stock pursuant to a pre-arranged Rule 10b5-1 trading plan.
On the same date, Sehmi sold 123,460 shares of common stock at a weighted average price of $2.28 per share, with individual sale prices ranging from $2.19 to $2.38. Following these transactions, Sehmi directly holds 381,600 shares of common stock.
In addition to common shares, Sehmi continues to hold employee stock options over 29,436 shares at $14.62, 200,000 shares at $3.57, and 862,915 shares at $1.18 per share, as well as 212,155 earnout shares and 362,081 restricted stock units, each representing rights to receive Blaize common stock under specified vesting or stock price conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 123,460 shares ($281,489)
Net Sell
8 txns
Insider
Sehmi Harminder
Role
Chief Financial Officer
Sold
123,460 shs ($281K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to purchase) | 505,060 | $0.00 | -- |
| Exercise | Common Stock | 505,060 | $0.57 | $288K |
| Sale | Common Stock | 123,460 | $2.28 | $281K |
| 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) — 269,176 shares (Direct, null);
Common Stock — 505,060 shares (Direct, null);
Restricted Stock Units — 362,081 shares (Direct, null);
Earnout Shares — 212,155 shares (Direct, null)
Footnotes (1)
- The reported exercise of 505,060 stock options underlying 505,060 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"). 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. The reported sales were effected pursuant to the reporting person's Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.19 to $2.38, 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. The stock option vests in 36 substantially equal monthly installments beginning on October 19, 2023. 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. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest 25% on December 1, 2027, and quarterly thereafter commencing on March 1, 2028. 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. The stock option vests as to one third of the underlying shares on July 1, 2025 and thereafter in 24 equal monthly installments. The stock option vests in eight substantially equal quarterly installments beginning on December 1, 2025. The stock option to purchase one share of the Issuer's common stock for each stock option is fully vested and exercisable.
Key Figures
Options exercised: 505,060 shares at $0.57
Shares sold: 123,460 shares at $2.28
Post-transaction common stock: 381,600 shares
+5 more
8 metrics
Options exercised
505,060 shares at $0.57
Common stock acquired via option exercise on April 20, 2026
Shares sold
123,460 shares at $2.28
Weighted average sale price on April 20, 2026
Post-transaction common stock
381,600 shares
Direct holdings after reported sale
Remaining options at $14.62
29,436 underlying shares
Employee stock option expiring October 17, 2029
Remaining options at $3.57
200,000 underlying shares
Employee stock option expiring August 31, 2035
Remaining options at $1.18
862,915 underlying shares
Employee stock option expiring October 23, 2034
Earnout shares
212,155 underlying shares
Contingent rights tied to stock price thresholds post business combination
Restricted stock units
362,081 units
RSUs vesting from December 1, 2027 with quarterly vesting thereafter
Key Terms
Rule 10b5-1 trading plan, earnout shares, restricted stock units, 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 units financial
"In the reporting person's prior Form 4 filings, earnout shares and unvested restricted stock units had been reported"
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. These shares were sold"
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
"the Issuer's business combination, in connection with that certain Agreement and Plan of Merger"
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.
Agreement and Plan of Merger regulatory
"in connection with that certain Agreement and Plan of Merger, dated as of December 22, 2023"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
FAQ
What insider transactions did Blaize Holdings (BZAI) CFO Harminder Sehmi report?
Harminder Sehmi reported exercising 505,060 stock options at $0.57 per share and selling 123,460 Blaize Holdings common shares at a weighted average price of $2.28. These transactions were reported on a Form 4 insider trading filing.
Were the Blaize Holdings (BZAI) CFO’s trades made under a Rule 10b5-1 plan?
Yes. The option exercise of 505,060 shares and the related common stock sales were carried out pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025, as disclosed in the Form 4 footnotes.
What option positions does the Blaize Holdings (BZAI) CFO still retain?
Sehmi retains employee stock options over 29,436 shares at $14.62, 200,000 shares at $3.57, and 862,915 shares at $1.18 per share. These options have expiration dates between 2029 and 2035, as summarized in the filing.
What restricted stock units does the Blaize Holdings (BZAI) CFO hold and how do they vest?
Sehmi holds 362,081 restricted stock units, each representing a right to one Blaize common share. These RSUs vest 25% on December 1, 2027, with the remaining units vesting quarterly starting March 1, 2028, subject to the award terms.