BAER Form 4: Director Jeffrey Kelter granted 400,000 RSUs
Rhea-AI Filing Summary
Bridger Aerospace Group Holdings, Inc. (BAER) reported a Form 4 for director Jeffrey E. Kelter showing equity compensation in the form of Restricted Stock Units (RSUs). On November 25, 2025, Mr. Kelter received 400,000 RSUs at a price of $0.00 per share, with 300,000 RSUs vesting in full on that date and the remaining 100,000 RSUs scheduled to vest on the 12-month anniversary of the grant date, subject to continued service. Following this transaction, he beneficially owns 628,224 shares of common stock directly, plus additional indirect holdings through K5 Equity Capital Holdings, LLC and Windy Point Investments LLC, some of which are subject to earnout vesting conditions tied to volume-weighted average price targets.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 400,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. 300,000 of these RSUs vested in full on November 25, 2025 (the "Grant Date"), and 100,000 of these RSUs shall vest on the 12-month anniversary of the Grant Date, subject to the Reporting Person's continued service through such date. Includes 42,498 shares which vest generally as follows: (i) 50% of the shares vest on the first date during the Earnout Period (defined below) on which the VWAP of the shares exceeds $11.50 for a period of at least 20 out of 30 consecutive trading days, and (ii) 50% of the shares vest on the first date during the Earnout Period on which the VWAP exceeds $13.00 for a period of at least 20 out of 30 consecutive trading days (shares vesting on such schedule, the "Earnout Shares"). The "Earnout Period" is the time period beginning on the date immediately following the January 24, 2023 closing of the Issuer's initial business combination (the "Closing Date") and ending on and including the five year anniversary of the Closing Date. Any Earnout Shares not vested by the end of the Earnout Period shall be forfeited back to the Issuer for no consideration. Kelter Family Investments LLC ("KFI") is the manager to K5 Equity Capital Holdings, LLC (the "Fund"). The Reporting Person is the manager of KFI. By virtue of the relationships described herein, the Reporting Person and KFI may be deemed to indirectly beneficially own the shares of the Issuer's Common Stock held by the Fund. The Reporting Person and KFI disclaim beneficial ownership of the shares of the Issuer's Common Stock held by the Fund for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Act"), except to the extent of their pecuniary interest therein, if any, and the filing of this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Act or for any other purpose. Includes 212,491 Earnout Shares. Mr. Kelter holds shared authority to direct the voting and disposition of shares held by Windy Point Investments LLC. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by Windy Point Investments LLC for purposes of Rule 16a-1(a) under the Act, except to the extent of the Reporting Person's pecuniary interest therein, if any, and the filing of this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Act or for any other purpose.
FAQ
What insider transaction did BAER report for Jeffrey E. Kelter on this Form 4?
The Form 4 reports that director Jeffrey E. Kelter was granted 400,000 Restricted Stock Units (RSUs) of Bridger Aerospace Group Holdings, Inc. common stock on November 25, 2025, at a grant price of $0.00 per share.
How do the 400,000 RSUs for BAER director Jeffrey E. Kelter vest?
Of the 400,000 RSUs, 300,000 vested in full on November 25, 2025 (the grant date). The remaining 100,000 RSUs are scheduled to vest on the 12-month anniversary of the grant date, subject to Mr. Kelter’s continued service through that date.