[SCHEDULE 13D/A] Golden Arrow Merger Corp. Warrant SEC Filing
Rhea-AI Filing Summary
Amendment No. 1 to Schedule 13D reports that David Nate Breslauer beneficially owns 119,613 shares of Bolt Projects Holdings, Inc. common stock, equal to approximately 4.0% of the 2,899,396 shares outstanding as of August 18, 2025. His holdings break down into 4,854 shares held directly, 39,167 shares held by the David N. Breslauer Family Trust, 68,739 shares issuable upon currently exercisable or imminently exercisable options, and 6,853 shares underlying restricted stock units vesting or settled within 60 days. The filing states the source of funds as "OO," notes no transactions in the past 60 days, and indicates the reporting person has ceased to be a beneficial owner of more than 5% of the outstanding common stock.
Positive
- None.
Negative
- None.
Insights
TL;DR: Ownership disclosure shows a meaningful insider stake of 4.0% with sizable option and RSU-derived voting power, now below the 5% threshold.
The filing quantifies beneficial ownership precisely and discloses the composition of the stake, which includes direct shares, trust-held shares, exercisable options, and RSUs that vest or settle within 60 days. That composition matters because options and RSUs convertible within 60 days are treated as beneficial for Rule 13d-3 calculations and can affect control dynamics if exercised. The reported cessation of ownership above 5% removes Schedule 13D heightened-reporting status tied to a >5% threshold, reducing regulatory signaling. No transactions in the prior 60 days suggests this filing is mainly an ownership composition update rather than active trading.
TL;DR: Insider disclosure clarifies voting and dispositive power and confirms no shared control; falling below 5% lowers certain disclosure implications.
The statement shows sole voting and dispositive power over all reported shares and no shared control, which is relevant for governance and proxy considerations. The inclusion of trust-held shares and near-term exercisable instruments is appropriate and transparent. The filing does not disclose any agreements, arrangements, or plans that would change control, and it reports no recent transactions, indicating stability in the reported position. Material governance consequences are limited because the stake is 4.0%, below the 5% reporting significance threshold noted in the filing.