Form 4: AMAZE HOLDINGS CEO Aaron Day Reports Significant Stock Ownership Changes Following Reverse Split and Preferred Stock Conversion

AMAZE HOLDINGS, INC. CEO Aaron Day has filed a Form 4 detailing changes in his beneficial ownership of common stock and the conversion of Series D Convertible Preferred Stock, which occurred concurrently with a 1-for-23 reverse stock split.

Summary

• Aaron Day, Chief Executive Officer, Director, and 10% Owner of AMAZE HOLDINGS, INC. (AMZE), reported changes in his beneficial ownership of company securities.
• On June 13, 2025, Mr. Day acquired 239,875 shares of Common Stock directly and 2,718 shares indirectly through the Day Family Trust, both resulting from the conversion of Series D Convertible Preferred Stock.
• These common stock amounts reflect a 1-for-23 reverse stock split that became effective on June 12, 2025.
• The Series D Convertible Preferred Stock automatically converted into Common Stock on a 125-for-1 basis on June 12, 2025, following a stockholder vote at the 2025 Annual Meeting of Stockholders.
• Prior to the conversion, Mr. Day indirectly held 500 shares of Series D Convertible Preferred Stock via the Day Family Trust, acquired on March 7, 2025, in connection with the acquisition of Amaze Software, Inc.
• After these transactions, Mr. Day beneficially owns 239,875 shares of Common Stock directly and 5,924 shares indirectly through the Day Family Trust.
• All Series D Convertible Preferred Stock held by Mr. Day, directly and indirectly, has been converted, resulting in zero beneficial ownership of this derivative security post-conversion.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the reverse stock split, which is often a sign of a struggling stock price or an attempt to avoid delisting. While the preferred stock conversion simplifies the capital structure, the implications of the reverse split tend to weigh more heavily on investor perception.

Positives

• The conversion of Series D Convertible Preferred Stock simplifies the company's capital structure by reducing the number of outstanding preferred shares.
• The automatic conversion was approved by a stockholder vote, indicating alignment between management and shareholders on this corporate action.

Negatives

• The implementation of a 1-for-23 reverse stock split often indicates a low stock price and can be perceived negatively by investors, potentially signaling financial distress or an attempt to meet listing requirements.

Risks

• Reverse stock splits can sometimes lead to a further decline in share price following the split, as the underlying issues affecting the stock's value may persist.
• While the conversion simplifies the capital structure, the underlying reason for the preferred stock issuance (acquisition of Amaze Software, Inc.) and its terms should be further scrutinized for potential risks.

Future Outlook

The document does not provide forward-looking statements or guidance regarding the company's future financial performance, strategic initiatives, or operational outlook. It solely reports past insider transactions and corporate actions.

Industry Context

This Form 4 filing is a standard regulatory disclosure of insider trading activity and corporate actions. It does not provide sufficient information to analyze broader industry trends or competitive positioning.

Corporate Governance

Related Party Transactions

• Transactions involving the Day Family Trust, for which Aaron Day is the Trustee, are considered related-party dealings, as seen in the indirect beneficial ownership and conversion of Series D Preferred Stock.

Stakeholder Impact

• Shareholders are directly impacted by the reverse stock split, which reduces the number of shares they hold while proportionally increasing the per-share price.
• Shareholders are also impacted by the conversion of preferred stock, which alters the overall capital structure and the proportion of common shares outstanding.

Key Dates

Keywords

SEC Form 4, Insider Trading, Stock Split, Reverse Stock Split, Preferred Stock Conversion, Beneficial Ownership, Corporate Governance, AMAZE HOLDINGS, AMZE, Aaron Day, Capital Structure