Bridger Aerospace (BAER) CEO has shares withheld to cover tax liability

Rhea-AI Filing Summary

Bridger Aerospace Group Holdings CEO Samuel Carl Davis reported a routine tax-withholding transaction involving company stock. On March 16, 2026, 21,114 shares of common stock were withheld by the company to satisfy his tax liability when 64,368 restricted stock units vested. According to the disclosure, no shares were sold on the market to cover these taxes; the shares were simply retained by the issuer. After this withholding, Davis continues to hold 425,566 shares of common stock directly, indicating he retains a substantial equity position in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Davis Samuel Carl

Role CEO & President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	21,114	$2.20	$46K

Holdings After Transaction: Common Stock — 425,566 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 21,114 shares Vesting RSUs: 64,368 restricted stock units Post-transaction holdings: 425,566 shares +1 more

4 metrics

Shares withheld for taxes 21,114 shares Withheld on March 16, 2026 for tax liability

Vesting RSUs 64,368 restricted stock units Units that vested triggering tax withholding

Post-transaction holdings 425,566 shares Common stock held directly after withholding

Implied share value in transaction $2.20 per share Price per share used in tax-withholding entry

Key Terms

restricted stock units, net shares settlement, tax liability, tax-withholding disposition

4 terms

restricted stock units financial

"upon the vesting of 64,368 shares of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

net shares settlement financial

"in connection with the reporting person's net shares settlement to satisfy tax liability"

tax liability financial

"to satisfy tax liability upon the vesting of 64,368 shares"

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for the Form 4 entry"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Davis Samuel Carl

(Last) (First) (Middle)

C/O BRIDGER AEROSPACE GROUP HLDGS, INC.

90 AVIATION LANE

(Street)

BELGRADE MONTANA 59714

(City) (State) (Zip)

UNITED STATES

(Country)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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

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

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

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	03/16/2026		F(1)		21,114(1)	D	$2.2	425,566	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. Represents shares withheld by the Issuer in connection with the reporting person's net shares settlement to satisfy tax liability upon the vesting of 64,368 shares of restricted stock units. No shares were sold by the reporting person to satisfy this tax liability.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Justin D. Mogford, attorney-in-fact for Samuel Carl Davis	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BAER CEO Samuel Carl Davis report?

Samuel Carl Davis reported a tax-withholding disposition where 21,114 Bridger Aerospace shares were withheld. This occurred when 64,368 restricted stock units vested, and the issuer kept shares to cover his tax liability rather than selling them on the market.

Did the BAER CEO sell any shares in this Form 4 filing?

No, the Form 4 states that no shares were sold by the CEO. Instead, 21,114 shares were withheld by Bridger Aerospace to satisfy his tax liability related to the vesting of 64,368 restricted stock units.

How many Bridger Aerospace shares were withheld for taxes from the CEO?

A total of 21,114 shares of Bridger Aerospace common stock were withheld. The company retained these shares in connection with a net share settlement to satisfy Samuel Carl Davis’s tax liability upon vesting of his restricted stock units.

How many BAER shares does the CEO hold after this transaction?

Following the tax-withholding transaction, Samuel Carl Davis directly holds 425,566 shares of Bridger Aerospace common stock. This figure reflects his position after 21,114 shares were withheld to cover taxes on vested restricted stock units.

What triggered the tax-withholding transaction for BAER’s CEO?

The transaction was triggered by the vesting of 64,368 restricted stock units granted to the CEO. When these units vested, Bridger Aerospace withheld 21,114 shares from the resulting stock to cover the associated tax liability instead of the CEO selling shares.