SCHEDULE: Bolt Projects Insider Cuts Stake Below 5%

David Nate Breslauer has reduced his beneficial ownership in Bolt Projects Holdings, Inc. to 4.0%, falling below the 5% threshold.

Summary

• David Nate Breslauer, the reporting person, has filed an Amendment No. 1 to Schedule 13D regarding his beneficial ownership in Bolt Projects Holdings, Inc.
• As of August 18, 2025, Mr. Breslauer's beneficial ownership stands at 119,613 shares of Common Stock.
• This ownership represents approximately 4.0% of the Issuer's outstanding shares of Common Stock.
• The total outstanding shares of Common Stock for Bolt Projects Holdings, Inc. were 2,899,396 as of August 18, 2025.
• Mr. Breslauer's beneficial ownership includes 4,854 shares held directly, 39,167 shares held by the David N. Breslauer Family Trust, 68,739 shares issuable upon option exercise within 60 days, and 6,853 shares underlying restricted stock units vesting or vested within 60 days.
• The filing indicates that the Reporting Person ceased to be the beneficial owner of more than 5% of the outstanding shares of Common Stock as of the date of the event.

Sentiment

Score: 4

Explanation: The reduction of a significant insider's stake below the 5% threshold is generally viewed as a negative signal, potentially indicating a lack of confidence or a move to divest, which can weigh on investor sentiment.

Negatives

• The reporting person, a significant beneficial owner, has reduced their stake below the 5% threshold, which can be interpreted as a decrease in confidence or a move to divest.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it primarily reports a change in beneficial ownership.

Industry Context

This filing is a standard disclosure of a change in significant beneficial ownership, common across all publicly traded industries. It does not provide specific industry trends or competitive analysis.

Stakeholder Impact

• Shareholders may interpret the reduction in a significant insider's stake as a negative signal, potentially impacting share price perception.
• The company's management may face questions regarding the reasons for the insider's reduced ownership.

Key Dates

Recommendation

The filing indicates a significant insider, David Nate Breslauer, has reduced his beneficial ownership in Bolt Projects Holdings, Inc. to 4.0%, falling below the 5% threshold. While not a complete exit, this reduction in a key stakeholder's position can be interpreted as a signal of reduced confidence or a strategic divestment. For a seasoned investor, this warrants a 'Hold' recommendation, suggesting caution and a need to monitor further developments or seek additional context regarding the insider's rationale, rather than an immediate 'Buy' given the potential negative sentiment.

Keywords

Bolt Projects Holdings, David Nate Breslauer, Schedule 13D, Beneficial Ownership, Insider Trading, Common Stock, SEC Filing, Shareholding, Investment