Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-10-20

Blaize Holdings (BZAI)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,394,285
Dinakar Munagala total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against BZAI
1 company names BZAI as a compensation peer

Each company listed discloses BZAI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BZAI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Dinakar Munagala$595,833$0$0$3,798,428$0$0$24$4,394,285
Chief Executive Officer
Val Cook397,57000781,71400241,179,308
Chief Software Architect
Santiago Fernandez-Gomez447,91700730,81700241,178,758
Vice President of Platform Engineering

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Dinakar Munagala$4,394,285
Val Cook1,179,308
Santiago Fernandez-Gomez1,178,758

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Dinakar MunagalaRSU2,197,372$3,124,027
Val CookRSU794,8661,112,814
Santiago Fernandez-GomezRSU654,484916,278
Dinakar MunagalaOption7,379,0650.92
Val CookOption1,517,0440.92
Santiago Fernandez-GomezOption10420.7
Santiago Fernandez-GomezOption1,418,4480.92
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Blaize Holdings2024Dinakar Munagala$595,833$0$3,798,428$0$4,394,285

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Dinakar MunagalaDEF 14A2025-10-200001193125-25-243771Section “Executive Compensation”. As printed: 4,394,285. Filing ↗machine: r2 · c29 · span 203219–203228
2Section 01, Val CookDEF 14A2025-10-200001193125-25-243771Section “Executive Compensation”. As printed: 1,179,308. Filing ↗machine: r5 · c29 · span 207619–207628
3Section 01, Santiago Fernandez-GomezDEF 14A2025-10-200001193125-25-243771Section “Executive Compensation”. As printed: 1,178,758. Filing ↗machine: r8 · c29 · span 212029–212038
4Blaize Holdings (subject), Section 10b CEO totalDEF 14A2025-10-200001193125-25-243771CEO total compensation as printed in Blaize Holdings's own proxy. As printed: 4,394,285. Filing ↗machine: r2 · c29 · span 203219–203228