Form 4: Bolt Projects Holdings CEO, Daniel Widmaier, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Daniel Matthew Widmaier reports changes in beneficial ownership of Bolt Projects Holdings, Inc. stock and options following a merger.
Summary
- Daniel Matthew Widmaier, CEO of Bolt Projects Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates the acquisition and disposal of common stock and derivative securities (options) on August 13, 2024.
- These changes are related to the merger between Golden Arrow Merger Corp. and Bolt Threads, Inc., which resulted in the conversion of restricted stock units.
- Widmaier directly owns 413,098 shares of common stock.
- He also holds options to purchase common stock at various exercise prices and expiration dates, all of which are fully vested and exercisable.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in ownership.
Future Outlook
The document does not contain explicit forward-looking statements beyond the vesting schedules of the restricted stock units and the expiration dates of the options.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership, providing transparency to investors. The merger context is specific to Bolt Projects Holdings and its recent business combination.
Stakeholder Impact
- Shareholders are informed about the CEO's stake in the company.
- Employees holding stock options or restricted stock units are affected by the merger and conversion of their holdings.
Key Dates
| Date | Description |
|---|---|
| October 4, 2023 | Date of the Business Combination Agreement between Golden Arrow Merger Corp., Beam Merger Sub, Inc., and Bolt Threads, Inc. |
| August 13, 2024 | Date of the reported transactions, including the merger and the acquisition/disposal of securities. |
| August 15, 2024 | Date of signature for the Form 4 filing. |
| March 26, 2025 | Expiration date for some of the options. |
| March 30, 2026 | Expiration date for some of the options. |
| April 20, 2027 | Expiration date for some of the options. |
| July 23, 2028 | Expiration date for some of the options. |
| July 23, 2030 | Expiration date for some of the options. |
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