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

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

Corporate Governance Expert

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.

Securities/Market Analyst

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.

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^*

Widmaier Daniel Matthew

(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)

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

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		13,374	A	$3.81(1)	36,805	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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.80 to $3.84 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

On April 21, 2025, the Issuer effected a 1-for-20 reverse stock split (the "Reverse Stock Split"). The share counts herein have been adjusted to reflect the Reverse Stock Split.

	/s/ Paul Joseph Slattery, Attorney-in-fact for Daniel Matthew Widmaier	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 Daniel Matthew Widmaier report for Bolt Projects Holdings (BLSK)?

He reported acquiring 13,374 shares of common stock on 09/02/2025 at a weighted average price of $3.81 per share.

How many shares does the reporting person beneficially own after the reported trade?

The Form 4 reports 36,805 shares beneficially owned following the reported transaction.

Was the price per share a single price or a range?

The filing states a weighted average price of $3.81 and specifies the trades ranged from $3.80 to $3.84.

Does the filing reference any corporate actions that affect share counts?

Yes, it notes a 1-for-20 reverse stock split effected on April 21, 2025, and share counts are adjusted accordingly.

Who signed the Form 4 and when was it filed?

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