Blackstone fund plans $22,750 Bridger share sale

Bridger Aerospace Group Holdings, Inc. (BAER) has a notice of proposed resale of common stock under Rule 144 filed on behalf of Blackstone Tactical Opportunities Fund - FD L.P.

Rhea-AI Filing Summary

Bridger Aerospace Group Holdings, Inc. (BAER) has a notice of proposed resale of common stock under Rule 144 filed on behalf of Blackstone Tactical Opportunities Fund - FD L.P. The fund plans to sell 19,445 shares of BAER common stock through broker BTIG, LLC on NASDAQ, with an aggregate market value of $22,750.65 as reported in the notice. The securities were originally acquired from the issuer in connection with a business combination that closed on January 24, 2023. The notice also states that BAER had 58,826,140 shares of common stock outstanding. Related Blackstone-affiliated entities disclose multiple BAER share sales in the past three months, reflecting substantial prior liquidity activity. The seller and certain of its affiliates are described as former 10% owners of BAER.

Key Figures

Shares to be sold under Rule 144: 19,445 shares Aggregate market value of planned sale: $22,750.65 Shares outstanding: 58,826,140 shares +4 more

7 metrics

Shares to be sold under Rule 144 19,445 shares Planned BAER common stock sale by Blackstone Tactical Opportunities Fund - FD L.P.

Aggregate market value of planned sale $22,750.65 Value of 19,445 BAER shares to be sold through BTIG, LLC

Shares outstanding 58,826,140 shares BAER common stock outstanding as reported in the notice

Acquisition closing date 01/24/2023 Business combination through which the BAER shares were acquired

Past sale on 08/04/2026 by BTO Grannus Holdings IV - NQ LLC 1,853,665 shares for $3,151,230.50 BAER common stock sold during the past three months

Past sale on 08/11/2026 by BTO Grannus Holdings IV - NQ LLC 2,710,374 shares for $2,820,033.01 BAER common stock sold during the past three months

Past sale on 08/17/2026 by BTO Grannus Holdings IV - NQ LLC 1,209,023 shares for $1,257,383.92 BAER common stock sold during the past three months

Key Terms

Rule 144, business combination, former 10% owners

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

business combination financial

"Acquired in connection with a business combination which closed on January 24, 2023."

A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

former 10% owners financial

"The Seller and certain of its affiliates are, together, former 10% owners of the Issuer."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for BAER disclose about planned share sales?

The notice states that Blackstone Tactical Opportunities Fund - FD L.P. plans to sell 19,445 shares of Bridger Aerospace (BAER) common stock under Rule 144, with an aggregate market value of $22,750.65, to be sold through BTIG, LLC on NASDAQ.

How many Bridger Aerospace (BAER) shares were outstanding according to this Form 144?

The filing reports that Bridger Aerospace (BAER) had 58,826,140 shares of common stock outstanding, providing context for the size of the planned Rule 144 sale relative to total shares.

When and how did the seller acquire the BAER shares covered by this Form 144?

The filing states the BAER common stock was acquired in connection with a business combination that closed on January 24, 2023, with the issuer identified as the source of those shares.

Which entities related to Blackstone have sold BAER shares in the past three months?

The notice lists BTO Grannus Holdings IV - NQ LLC, Blackstone Tactical Opportunities Fund - FD L.P., and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. as having sold BAER common stock during the past three months.

What BAER share sales amounts are disclosed for the past three months in this filing?

Disclosed BAER sales include, among others, 1,853,665 shares for $3,151,230.50 on 08/04/2026, 2,710,374 shares for $2,820,033.01 on 08/11/2026, and 1,209,023 shares for $1,257,383.92 on 08/17/2026 by a Blackstone-affiliated entity.

What ownership status do the Blackstone entities report regarding Bridger Aerospace (BAER)?

In the remarks, the seller notes that it and certain of its affiliates are, together, former 10% owners of Bridger Aerospace Group Holdings, Inc. (BAER).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 07:45 PM EDT Accepted by SEC EDGAR 08/25/2026 - 07:45 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001825978
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Bridger Aerospace Group Holdings, Inc.
SEC File Number	001-41603
Address of Issuer	90 Aviation Lane, Belgrade, MONTANA 59714
Phone	406-813-0079
Name of Person for Whose Account the Securities are To Be Sold	Blackstone Tactical Opportunities Fund - FD L.P.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	See Remarks

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	BTIG, LLC 350 Bush Street, 9th Floor San Francisco, CA 94104	19445	22750.65	58826140	08/25/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	01/24/2023	Acquired in connection with a business combination which closed on January 24, 2023.	Issuer			19445	01/24/2023	See Nature of Acquisition Transaction

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BTO Grannus Holdings IV - NQ LLC c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/04/2026	1853665	3151230.50
Blackstone Tactical Opportunities Fund - FD L.P. c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/04/2026	32019	54432.30
Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/04/2026	14316	24337.20
BTO Grannus Holdings IV - NQ LLC c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/11/2026	2710374	2820033.01
Blackstone Tactical Opportunities Fund - FD L.P. c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/11/2026	46817	48711.16
Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/11/2026	20933	21779.82
BTO Grannus Holdings IV - NQ LLC c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/17/2026	1209023	1257383.92
Blackstone Tactical Opportunities Fund - FD L.P. c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/17/2026	20884	21719.36
Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. c/o Blackstone Inc. 345 Park Avenue New York NY 10154	Common Stock	08/17/2026	9338	9711.52

144: Remarks and Signature

Remarks	The Seller and certain of its affiliates are, together, former 10% owners of the Issuer.
Date of Notice	08/25/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	BX Tactical Opps Fund - FD L.P. By BX Tactical Opps Assoc. III - NQ L.P., its GP, By BTO DE GP-NQ L.L.C., its GP By: /s/ Christopher J. James, Sr. MD
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)