Form 4: Golden Arrow Sponsor Sells Over 116,000 Shares of Bolt Projects Holdings

Golden Arrow Sponsor, LLC, a 10% owner and Director of Bolt Projects Holdings, Inc. (BSLK), reported the sale of 116,132 shares of common stock for approximately $3.1951 per share.

Summary

• Golden Arrow Sponsor, LLC, a 10% owner and Director of Bolt Projects Holdings, Inc. (BSLK), sold 116,132 shares of common stock on July 17, 2025.
• The shares were sold at a weighted average price of $3.1951, with individual transactions ranging from $3.035 to $3.355.
• Following this transaction, Golden Arrow Sponsor, LLC directly holds 45,198 shares of Bolt Projects Holdings, Inc.
• The sale was conducted pursuant to a Rule 10b5-1(c) trading plan.
• Timothy Babich, Jacob Doft, Lance Hirt, and Andrew Rechtschaffen control Golden Arrow Sponsor, LLC and share voting and dispositive power over these securities, disclaiming beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 4

Explanation: A sale by a significant insider and 10% owner, even if pre-planned, can be perceived as a negative signal by the market, indicating a reduction in insider confidence or a need for liquidity. However, without further context, it's not a strong negative.

Negatives

• A significant sale of 116,132 shares by a 10% owner and Director, Golden Arrow Sponsor, LLC, could be perceived negatively by investors as it reduces insider ownership.

Future Outlook

No specific future outlook or guidance is provided in this ownership disclosure filing.

Industry Context

This Form 4 filing details an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Golden Arrow Sponsor, LLC, a 10% owner and Director of Bolt Projects Holdings, Inc., executed a sale of 116,132 shares of common stock. This transaction constitutes a related party dealing due to the reporting person's significant ownership and board representation.

Stakeholder Impact

• Shareholders: The sale by a significant owner and director could lead to concerns about insider confidence, potentially influencing investor sentiment and stock price.
• Management: The transaction reflects a decision by a key stakeholder with management ties, which may be part of a pre-determined financial plan.

Key Dates

Recommendation

Keywords

Bolt Projects Holdings, BSLK, Golden Arrow Sponsor, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Rule 10b5-1, Equity Securities