[Form 4] Golden Arrow Merger Corp. Warrant Insider Trading Activity

Rhea-AI Filing Summary

Randy Befumo, Interim CFO of Bolt Projects Holdings, Inc. (BLSK), reported a purchase of 5,141 shares of the company's common stock on 09/02/2025 at a price of $3.88 per share. After the transaction, the reporting person beneficially owned 55,304 shares directly. The filing corrects a prior Form 4 by excluding 1,600 shares that were inadvertently reported as purchased on May 30, 2025. The Form 4 was signed by an attorney-in-fact on 09/03/2025.

Positive

• Insider purchase of 5,141 shares at $3.88 shows personal investment by the Interim CFO
• Beneficial ownership increased to 55,304 shares, disclosed as direct ownership
• Corrective amendment clarifies and fixes an earlier reporting error, improving disclosure accuracy

Negative

• Prior Form 4 error inadvertently included 1,600 shares, indicating a previous reporting inaccuracy

Insights

Financial Analyst

TL;DR: Insider purchased a modest number of shares, increasing direct ownership; correction to prior filing improves disclosure accuracy.

The direct purchase of 5,141 shares at $3.88 signals a personal acquisition by the Interim CFO but is small relative to typical company floats and likely not material to valuation on its own. The corrected disclosure removing 1,600 erroneously reported shares reduces reporting noise and restores accuracy to insider holdings. For investors, this is routine insider activity with limited market impact but consistent with insider confidence.

Corporate Governance Expert

TL;DR: Filing shows routine insider trading and a corrective amendment; governance controls appear functioning but prior error noted.

The Form 4 correctly amends the prior report to remove an inadvertent inclusion of 1,600 shares, and it clearly states the reporting person's role as Interim CFO. The use of an attorney-in-fact to sign indicates appropriate execution procedures. The filing does not disclose any derivative transactions or coordinated group filings. Overall, disclosure practices are adequate though the prior misreport highlights the need for careful internal controls on reporting accuracy.

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
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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^*

Befumo Randy

(Last) (First) (Middle)

C/O BOLT PROJECTS HOLDINGS, INC.

2261 MARKET STREET, SUITE 5447

(Street)

SAN FRANCISCO CA 94114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bolt Projects Holdings, Inc. [ BLSK ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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

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

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

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	09/02/2025		P		5,141	A	$3.88	55,304(1)	D

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. Excludes 1,600 shares of the Issuer's common stock, which were inadvertently included in the Reporting Person's Form 4 filed on May 30, 2025 (the "Prior Form 4") as having been purchased. The Reporting Person's Prior Form 4 inadvertently reported an incorrect amount of securities beneficially owned following the reported transaction, which has been corrected in this Form 4.

Remarks:

	/s/ Paul Joseph Slattery, Attorney-in-fact for Randy Befumo	09/03/2025
	** 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.

FAQ

What transaction did Randy Befumo report on the Form 4 for Bolt Projects Holdings (BLSK)?

The Form 4 reports a purchase of 5,141 shares of common stock on 09/02/2025 at $3.88 per share.

How many shares does the reporting person own after the transaction?

Following the reported purchase, the reporting person beneficially owns 55,304 shares, held directly.

Did the Form 4 correct any previous reporting mistakes?

Yes. The filing excludes 1,600 shares that were inadvertently included in a prior Form 4 filed on May 30, 2025.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Paul Joseph Slattery, Attorney-in-fact for Randy Befumo on 09/03/2025.

What is Randy Befumo's role at Bolt Projects Holdings?

The filing lists Randy Befumo as the company's Interim CFO.