Blaize Holdings, Inc. — Director's Dealing 2025

Jan 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blaize Holdings, Inc. (BZAI)
CIK: 0001871638
Period of Report: 2025-01-13

Reporting Person: Bess Lane (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-13	Common Stock	A	47341	—	Acquired	47341	Direct
2025-01-13	Common Stock	A	11653976	—	Acquired	11653976	Indirect
2025-01-13	Common Stock	A	442587	—	Acquired	442587	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-13	Stock Option	$1.18	A	185234	Acquired	2034-10-23	Common Stock (185234)	Direct
2025-01-13	Stock Option	$1.18	A	187379	Acquired	2034-10-23	Common Stock (187379)	Direct

Footnotes

F1: Represents Earn-Out Shares, each of which represents a contingent right to receive one share of Common Stock if the trading price of the Issuer's Common Stock exceeds certain thresholds for 20 of 30 consecutive trading days post-closing of the Issuer's business combination.

F2: Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of December 22, 2023 and amended on April 22, 2024, October 24, 2024 and November 21, 2024 (the "Merger Agreement"), by and between the Issuer (formerly BurTech Acquisition Corp.), BurTech Merger Sub Inc., Blaize, Inc. ("Legacy Blaize") and for the limited purposes set forth therein, Burkhan Capital LLC. Includes 1,207,193 Earn-Out Shares. Also includes 1,500,000 shares of Common Stock that BurTech LP LLC is obligated to deliver to Bess Ventures and Advisory, LLC pursuant to two promissory notes.

F3: The reporting person is the managing member and owner of Bess Ventures and Advisory, LLC and therefore may be deemed to share beneficial ownership over such shares.

F4: Represents securities received as part of the Merger Agreement. Includes 52,619 Earn-Out Shares.

F5: Represents securities held by the Coral Gables Trust Company, as Trustee of the Destin Huang Irrevocable Trust Dated October 19, 2021 (the "Trust"). The reporting person is the Investment Fiduciary of the Trust and therefore may be deemed to share beneficial ownership over such shares.

F6: Represents securities received as part of the Merger Agreement, pursuant to which securities of Legacy Blaize were automatically converted into the right to receive stock options of the Issuer as set forth in the Merger Agreement.

F7: The stock option is fully vested and exercisable.

F8: The stock option vests as to one third of the underlying shares on December 1, 2025 and thereafter in 24 equal monthly installments.