Blackstone trims Bridger Aerospace (BAER) stake as more shares head to market

Rhea-AI Filing Summary

BAER shareholders affiliated with Blackstone, including BTO Grannus Holdings IV - NQ LLC and related funds, filed a notice to sell 20,884 shares of BAER common stock under Rule 144. These shares were acquired on January 24, 2023 in connection with a business combination that closed on that date.

The filing also lists recent market activity: on August 4, 2026, BTO Grannus Holdings IV - NQ LLC sold 1,853,665 shares of BAER common stock for $3,151,230.50, and on August 11, 2026, it sold 2,710,374 shares for $2,820,033.01, alongside smaller sales by associated Blackstone Tactical Opportunities funds.

Key Figures

Planned sale amount: 20,884 shares Past sale 1 by BTO Grannus Holdings IV - NQ LLC: 1,853,665 shares for $3,151,230.50 Past sale 2 by BTO Grannus Holdings IV - NQ LLC: 2,710,374 shares for $2,820,033.01 +4 more

7 metrics

Planned sale amount 20,884 shares Common Stock to be sold under Rule 144, acquired in a January 24, 2023 business combination

Past sale 1 by BTO Grannus Holdings IV - NQ LLC 1,853,665 shares for $3,151,230.50 Common Stock sale on August 4, 2026

Past sale 2 by BTO Grannus Holdings IV - NQ LLC 2,710,374 shares for $2,820,033.01 Common Stock sale on August 11, 2026

Sale by Blackstone Tactical Opportunities Fund - FD L.P. on Aug 4, 2026 32,019 shares for $54,432.30 Common Stock sold on August 4, 2026

Sale by Blackstone Tactical Opportunities Fund - FD L.P. on Aug 11, 2026 46,817 shares for $48,711.16 Common Stock sold on August 11, 2026

Sale by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. on Aug 4, 2026 14,316 shares for $24,337.20 Common Stock sold on August 4, 2026

Sale by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. on Aug 11, 2026 20,933 shares for $21,779.82 Common Stock sold on August 11, 2026

Key Terms

Form 144, business combination, Securities To Be Sold, Securities Sold During The Past 3 Months

4 terms

Form 144 regulatory

"filed a notice to sell 20,884 shares of BAER common stock under Form 144"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

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.

Securities To Be Sold regulatory

"144: Securities To Be Sold Common Stock | 01/24/2023 | Acquired in connection"

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months BTO Grannus Holdings IV"

FAQ

What does BAER's Form 144 filing disclose about planned share sales?

The Form 144 discloses an intention to sell 20,884 shares of BAER common stock. These shares were acquired on January 24, 2023 in connection with a business combination and are now eligible for resale under Rule 144.

Who is selling BAER (symbol: BAER) shares according to the Form 144?

The planned and recent BAER share sales are by entities affiliated with Blackstone, including BTO Grannus Holdings IV - NQ LLC and Blackstone Tactical Opportunities funds. These holders are disclosing sales of BAER common stock under Rule 144 requirements.

How many BAER shares did BTO Grannus Holdings IV - NQ LLC recently sell?

BTO Grannus Holdings IV - NQ LLC reported selling 1,853,665 shares of BAER common stock on August 4, 2026 for $3,151,230.50, and 2,710,374 shares on August 11, 2026 for $2,820,033.01 as part of its recent trading activity.

What BAER share sales did Blackstone Tactical Opportunities Fund - FD L.P. report?

Blackstone Tactical Opportunities Fund - FD L.P. reported selling 32,019 shares of BAER common stock on August 4, 2026 for $54,432.30, and 46,817 shares on August 11, 2026 for $48,711.16, as disclosed in the Form 144.

When and how were the BAER shares covered by this Form 144 acquired?

The 20,884 shares now eligible for sale were acquired on January 24, 2023. They were obtained in connection with a business combination involving BAER that closed on that date, and are now being registered for potential resale.

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Available on EDGAR 08/17/2026 - 09:19 PM Accepted by SEC EDGAR 08/17/2026 - 09:19 PM 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
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	20884	26105.00	58826140	08/17/2026	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			20884	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

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)