BAER Form 4 shows 154,145 RSU award to company director

Rhea-AI Filing Summary

Bridger Aerospace Group Holdings, Inc. (BAER)11/25/2025, the director acquired 154,145 Restricted Stock Units (RSUs)$0.00

The RSUs are scheduled to vest on the 12-month anniversary of November 25, 2025, as long as the director continues in service through that date. After this grant, the director beneficially owns 193,032

11/26/2025 - 04:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schellenberg David

(Last) (First) (Middle)

C/O BRIDGER AEROSPACE GROUP HLDGS, INC.

90 AVIATION LANE

(Street)

BELGRADE MT 59714

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bridger Aerospace Group Holdings, Inc. [ BAER ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/25/2025		A		154,145(1)	A	$0.00	193,032	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. These RSUs shall vest on the 12-month anniversary of November 25, 2025, subject to the Reporting Person's continued service through such date.

	/s/ James Muchmore, attorney-in-fact for David Schellenberg	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Bridger Aerospace (BAER) report in this Form 4?

The filing reports that a director of Bridger Aerospace Group Holdings, Inc. (BAER) received an award of 154,145 Restricted Stock Units (RSUs) of common stock on 11/25/2025.

What are the vesting terms of the 154,145 RSUs reported for BAER?

Each RSU represents a right to receive one share of BAER common stock, and the RSUs are scheduled to vest on the 12-month anniversary of November 25, 2025, subject to the director’s continued service through that date.

Did the Bridger Aerospace director pay anything for the RSUs?

No cash price was paid for the units in this award. The Form 4 shows a transaction price of $0.00 per RSU, indicating it is an equity compensation grant.

How many Bridger Aerospace (BAER) shares does the director own after this RSU grant?

After the reported transaction, the director beneficially owns 193,032 shares of Bridger Aerospace common stock, held in direct ownership.

Is the BAER Form 4 filing for a purchase or for equity compensation?

The Form 4 reflects an equity compensation award of RSUs to a director, not an open-market purchase or sale of existing Bridger Aerospace shares.

What role does the reporting person have at Bridger Aerospace (BAER)?

The Form 4 identifies the reporting person’s relationship to Bridger Aerospace Group Holdings, Inc. as a Director.