[SCHEDULE 13D/A] Golden Arrow Merger Corp. Warrant SEC Filing

Rhea-AI Filing Summary

Amendment No. 4 to a Schedule 13D reports that Golden Arrow Sponsor, LLC holds one warrant exercisable into 250,000 shares of Bolt Projects Holdings, Inc. common stock. Those shares represent 10.8% of the class per the cover pages and the Reporting Persons calculate percent based on 2,311,779 shares outstanding as of the filing date (the cover pages also reference 2,061,779 shares outstanding as of August 6, 2025). The warrant shares are held of record by the Sponsor and are beneficially owned, on an indirect/shared basis, by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. The amendment adds updates to Items 5, 6 and 7 and discloses recent open-market sales by the Sponsor totaling multiple transactions on July 8, July 17, August 11, August 12 and August 13, 2025 with detailed share counts and weighted-average prices included in Item 5(c).

Positive

• Transparent disclosure of warrant ownership, percent of class and beneficial ownership structure.
• Detailed reporting of recent open-market sales (dates, share counts, weighted-average prices) increases market clarity.
• Joint Filing Agreement filed to formalize coordinated reporting among Reporting Persons.

Negative

• Potential dilution: the exercisable warrant converts into 250,000 shares representing 10.8% of the class.
• Significant secondary selling by the Sponsor (e.g., 205,759 shares sold on July 8, 2025) increases near-term share supply.

Insights

Financial Analyst

TL;DR: Sponsor holds an exercisable warrant for 250,000 shares (~10.8%), with recent sizeable open-market sales disclosed.

The filing clarifies beneficial ownership: a single warrant held by Golden Arrow Sponsor, LLC converts into 250,000 shares. The disclosure of the Sponsor's multiple open-market sales, including 205,759 shares on July 8, 2025 at a weighted average of $3.425 and other sales through August 13, 2025, is material for float and near-term supply considerations. The amendment does not state any change to the parties' intentions regarding control or additional transactions beyond the reported sales and the filing of a Joint Filing Agreement as an exhibit.

Corporate Governance Expert

TL;DR: Reporting persons share voting/dispositive power over warrant shares; filings update governance-related disclosures and include a joint filing agreement.

The amendment reiterates that Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over the Sponsor-held warrant shares and disclaim beneficial ownership except for pecuniary interest. Item 6 references prior Item 4 language from Amendment No. 3 and Item 7 adds a Joint Filing Agreement as an exhibit, preserving coordinated disclosure obligations among the Reporting Persons. No new contractual arrangements altering control are disclosed.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Bolt Projects Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

09769B107

(CUSIP Number)

Timothy Babich
10 E. 53rd Street,, 13th Floor
New York, NY, 10022
2124302214

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/13/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 09769B107

1

Name of reporting person

Golden Arrow Sponsor, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 250,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 250,000.00

11

Aggregate amount beneficially owned by each reporting person

250,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Represents 250,000 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Bolt Projects Holdings, Inc. (the "Issuer") issuable upon exercise of a warrant that is currently exercisable, held directly by Golden Arrow Sponsor, LLC (the "Sponsor") and indirectly beneficially owned by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Based on 2,061,779 shares of Common Stock outstanding as of August 6, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 12, 2025 (the "Quarterly Report").

SCHEDULE 13D

CUSIP No. 09769B107

1

Name of reporting person

Timothy Babich

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 250,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 250,000.00

11

Aggregate amount beneficially owned by each reporting person

250,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 250,000 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Bolt Projects Holdings, Inc. (the "Issuer") issuable upon exercise of a warrant that is currently exercisable, held directly by Golden Arrow Sponsor, LLC (the "Sponsor") and indirectly beneficially owned by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Based on 2,061,779 shares of Common Stock outstanding as of August 6, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 12, 2025 (the "Quarterly Report").

SCHEDULE 13D

CUSIP No. 09769B107

1

Name of reporting person

Jacob Doft

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 250,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 250,000.00

11

Aggregate amount beneficially owned by each reporting person

250,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 250,000 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Bolt Projects Holdings, Inc. (the "Issuer") issuable upon exercise of a warrant that is currently exercisable, held directly by Golden Arrow Sponsor, LLC (the "Sponsor") and indirectly beneficially owned by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Based on 2,061,779 shares of Common Stock outstanding as of August 6, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 12, 2025 (the "Quarterly Report").

SCHEDULE 13D

CUSIP No. 09769B107

1

Name of reporting person

Andrew Rechtschaffen

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 250,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 250,000.00

11

Aggregate amount beneficially owned by each reporting person

250,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.8 %

14

Type of Reporting Person (See Instructions)

IN, HC

Comment for Type of Reporting Person:

Represents 250,000 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Bolt Projects Holdings, Inc. (the "Issuer") issuable upon exercise of a warrant that is currently exercisable, held directly by Golden Arrow Sponsor, LLC (the "Sponsor") and indirectly beneficially owned by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Based on 2,061,779 shares of Common Stock outstanding as of August 6, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 12, 2025 (the "Quarterly Report").

SCHEDULE 13D

CUSIP No. 09769B107

1

Name of reporting person

Lance Hirt

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 250,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 250,000.00

11

Aggregate amount beneficially owned by each reporting person

250,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 250,000 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Bolt Projects Holdings, Inc. (the "Issuer") issuable upon exercise of a warrant that is currently exercisable, held directly by Golden Arrow Sponsor, LLC (the "Sponsor") and indirectly beneficially owned by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Based on 2,061,779 shares of Common Stock outstanding as of August 6, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 12, 2025 (the "Quarterly Report").

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: Bolt Projects Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 2261 Market Street, Suite 5447, San Francisco, CALIFORNIA , 94114.
Item 1 Comment: This Amendment No. 4 ("Amendment No. 4") amends the Statement on Schedule 13D filed with the SEC on August 21, 2024 (the "Original Statement"), as amended by Amendment No. 1 filed with the SEC on December 31, 2024 ("Amendment No. 1"), as amended by Amendment No. 2 filed with the SEC on February 19, 2025 ("Amendment No. 2"), as amended by Amendment No. 3 filed with the SEC on August 15, 2025 ("Amendment No. 3"), and relates to the Common Stock of Bolt Projects Holdings, Inc. (f/k/a Golden Arrow Merger Corp.), a Delaware corporation. The address of the principal executive offices of the Issuer is 2261 Market Street, Suite 5447, San Francisco, CA 94114. Except as otherwise described herein, the information contained in the Original Statement, Amendment No. 1, Amendment No. 2 and Amendment No. 3 remains in effect. Capitalized terms used but not defined in this Amendment No. 4 shall have the respective meanings set forth with respect thereto in the Original Statement, Amendment No. 1, Amendment No. 2 and Amendment No. 3. This Amendment No. 4 is being filed to amend and supplement Items 5, 6 and 7 of the Schedule 13D as set forth herein.
Item 2.	Identity and Background
(a)	No change.
(b)	No change.
(c)	No change.
(d)	No change.
(e)	No change.
(f)	No change.
Item 3.	Source and Amount of Funds or Other Consideration
	No change.
Item 4.	Purpose of Transaction
	No change.
Item 5.	Interest in Securities of the Issuer
(a)	As of August 13, 2025, the Reporting Persons only beneficially own shares of Common Stock underlying the Warrant. Calculation of the percentage of shares of Common Stock beneficially owned is based on 2,311,779 shares of Common Stock outstanding as of the date hereof, as reported by the Issuer in the Quarterly Report, and taking into account the Common Stock underlying the Warrant beneficially owned by the Reporting Persons, as applicable. The aggregate number and percentage of the shares of Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Amendment No. 4 and are incorporated herein by reference. The Sponsor is the record holder of one Warrant to purchase 250,000 shares of Common Stock. The Sponsor is controlled by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Neither the filing of this Amendment No. 4 nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of the shares of Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(b)	The information in Item 5(a) is incorporated herein by reference.
(c)	None of the Reporting Persons has effected any transaction in securities of the Issuer in the past 60 days, except that (i) on July 8, 2025, the Sponsor sold 205,759 shares of Common Stock on the open market at a weighted average price of $3.425 per share and the shares were sold in multiple transactions at prices ranging from $3.15 to $3.80, inclusive, (ii) on July 17, 2025, the Sponsor sold 116,132 shares of Common Stock on the open market at a weighted average price of $3.1951 per share and the shares were sold in multiple transactions at prices ranging from $3.035 to $3.355, inclusive, (iii) on August 11, 2025, the Sponsor sold 4,953 shares of Common Stock on the open market at a weighted average price of $2.1254 per share and the shares were sold in multiple transactions at prices ranging from $2.0600 to $2.1800, inclusive, (iv) ) on August 12, 2025, the Sponsor sold 3,579 shares of Common Stock on the open market at a weighted average price of $2.1326 per share and the shares were sold in multiple transactions at prices ranging from $2.1000 to $2.2000, inclusive, and (v) on August 13, 2025, the Sponsor sold 36,665 shares of Common Stock on the open market at a weighted average price of $3.378 per share and the shares were sold in multiple transactions at prices ranging from $3.2600 to $3.4700, inclusive. The Sponsor undertakes to provide upon request by the staff of the SEC, the Issuer, or a stockholder of the Issuer, full information regarding the number of shares sold on each day at each separate price.
(d)	To the best knowledge of the Reporting Persons, no one other than the Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein as beneficially owned by the Reporting Persons.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is hereby amended to add the following: The information contained in Item 4 of Amendment No. 3 is incorporated by reference herein, as applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit A - Joint Filing Agreement, dated as of April 8August 15, 2025, by and among the Reporting Persons (filed herewith).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Golden Arrow Sponsor, LLC

Signature:	/s/ Andrew Rechtschaffen
Name/Title:	Andrew Rechtschaffen/Manager
Date:	08/15/2025

Timothy Babich

Signature:	/s/ Timothy Babich
Name/Title:	Timothy Babich
Date:	08/15/2025

Jacob Doft

Signature:	/s/ Jacob Doft
Name/Title:	Jacob Doft
Date:	08/15/2025

Andrew Rechtschaffen

Signature:	/s/ Andrew Rechtschaffen
Name/Title:	Andrew Rechtschaffen
Date:	08/15/2025

Lance Hirt

Signature:	/s/ Lance Hirt
Name/Title:	Lance Hirt
Date:	08/15/2025

FAQ

Who beneficially owns the 250,000 warrant shares in GAMCW?

The 250,000 shares are held of record by Golden Arrow Sponsor, LLC and are indirectly/beneficially owned on a shared basis by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen.

What percentage of Bolt Projects Holdings does the 250,000 shares represent?

The filing states the 250,000 shares represent 10.8% of the class (the Reporting Persons reference 2,311,779 shares outstanding for the calculation).

Are the warrant shares currently exercisable?

Yes. The filing states the 250,000 shares are issuable upon exercise of a warrant that is currently exercisable.

What recent open-market sales did the Sponsor disclose?

Sales disclosed include 205,759 shares on July 8, 2025 (weighted avg $3.425), 116,132 shares on July 17, 2025 (weighted avg $3.1951), and additional sales on August 11, 12 and 13, 2025 with specific counts and prices listed in Item 5(c).

Does the amendment change the Reporting Persons' purpose or intent regarding the issuer?

No. Item 4 states No change to the purpose of the transaction; the amendment updates Items 5, 6 and 7 only.