Bolt Projects (BLSK) CEO Acquires 13,374 Shares; Post-Transaction 36,805 Shares
Rhea-AI Filing Summary
Insider purchase reported by Bolt Projects Holdings, Inc. (BLSK). Director and Chief Executive Officer Daniel Matthew Widmaier acquired 13,374 shares of the issuer's common stock on 09/02/2025 at a weighted average price of $3.81 per share, increasing his beneficial ownership to 36,805 shares. The filing notes that prices ranged from $3.80 to $3.84 and that share counts have been adjusted for a 1-for-20 reverse stock split effected April 21, 2025. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
- Insider purchase of 13,374 shares by the CEO/director demonstrates management acquiring stock
- Full price disclosure provided as a weighted average and a stated range ($3.80–$3.84)
- Share counts adjusted for the 1-for-20 reverse stock split, improving clarity on holdings
Negative
- None.
Insights
TL;DR: A CEO/director purchase signals alignment with shareholders and formal disclosure of ownership after the reverse split.
The Form 4 documents a direct purchase by the company's Chief Executive Officer and director of 13,374 common shares at a weighted average price of $3.81, resulting in 36,805 shares beneficially owned post-transaction. The filing explicitly discloses the price range ($3.80–$3.84) and adjustment for the 1-for-20 reverse stock split on April 21, 2025. From a governance perspective, insider purchases by executives are a transparent indicator of management taking an ownership stake; the filing complies with Section 16 reporting requirements and includes required execution signatures.
TL;DR: Insider buying of 13,374 shares at ~$3.81 is a material, affirmative disclosure but contains no forward guidance or operational details.
The transaction date is 09/02/2025 and the weighted average price is reported as $3.81 with constituent trades between $3.80 and $3.84. Beneficial ownership after the trade is 36,805 shares. The filing includes the statutory reverse split adjustment, clarifying post-split share counts. While the disclosure is material to ownership metrics and trading transparency, it does not include operational or financial performance data to assess valuation implications.