Bridger Aerospace (BAER) insider reports new 154,145-share RSU grant

Rhea-AI Filing Summary

Bridger Aerospace Group Holdings, Inc. (BAER) director Elizabeth C. Fascitelli reported a new equity award. On 11/25/2025, she acquired 154,145 shares of common stock at $0.00 per share, reported as a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of common stock and will vest on the 12‑month anniversary of November 25, 2025, if she continues in service through that date. Following this grant, she beneficially owns 294,042 shares in direct form.

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^*

FASCITELLI ELIZABETH C

(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	294,042	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 Elizabeth C. Fascitelli	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did BAER director Elizabeth C. Fascitelli report on this Form 4?

She reported receiving an equity award tied to 154,145 shares of Bridger Aerospace Group Holdings, Inc. (BAER) common stock at $0.00 per share, structured as restricted stock units.

How many BAER shares are covered by the new restricted stock units?

The award covers 154,145 restricted stock units (RSUs), with each RSU representing a contingent right to receive one share of BAER common stock.

What are the vesting terms of Elizabeth Fascitelli’s BAER RSUs?

These RSUs vest on the 12‑month anniversary of November 25, 2025, subject to her continued service with the company through that date.

Did Elizabeth Fascitelli pay cash for the BAER shares in this Form 4?

No cash was paid; the Form 4 shows the 154,145 shares acquired at a price of $0.00 per share as part of an equity award.

How many BAER shares does Elizabeth Fascitelli beneficially own after this transaction?

After the reported transaction, she beneficially owns 294,042 shares of Bridger Aerospace Group Holdings, Inc. common stock in direct ownership.

What is the relationship of the reporting person to Bridger Aerospace (BAER)?

Elizabeth C. Fascitelli is reported as a director of Bridger Aerospace Group Holdings, Inc.

What is the purpose of this Form 4 filing for BAER?

This Form 4 discloses an insider equity award, showing that a BAER director received 154,145 RSUs that may convert into common shares upon vesting.