Bridger Aerospace (NASDAQ: BAER) director awarded 45,156 RSUs and updates share holdings

Rhea-AI Filing Summary

SAVAGE ROBERT F JR reported acquisition or exercise transactions in this Form 4 filing.

Bridger Aerospace Group Holdings director Robert F. Savage Jr. reported a compensation-related equity award and updated holdings. He received 45,156 Restricted Stock Units (RSUs), each representing one share of common stock, at no cash cost. These RSUs vest on the 12‑month anniversary of June 4, 2026, subject to his continued service.

After this award, he holds 520,557 common shares directly. Entities associated with him report indirect holdings of 527,800 shares by 656 Investors LLC and 50,505 shares each by the Sophie Savage 2021 Trust and the Madeleine Savage 2021 Trust, with footnotes stating he shares voting and disposition authority and disclaims beneficial ownership except for any pecuniary interest.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider SAVAGE ROBERT F JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	45,156	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 520,557 shares (Direct, null); Common Stock — 50,505 shares (Indirect, Madeleine Savage 2021 Trust)

Footnotes (1)

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 June 4, 2026, 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. Mr. Savage holds shared authority to direct the voting and disposition of shares held by Madeleine Savage 2021 Trust. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by Madeleine Savage 2021 Trust for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (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. Mr. Savage holds shared authority to direct the voting and disposition of shares held by Sophie Savage 2021 Trust. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by Sophie Savage 2021 Trust 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. Includes 212,490 Earnout Shares. Mr. Savage holds shared authority to direct the voting and disposition of shares held by 656 Investors LLC. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by 656 Investors 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.

Key Figures

RSU grant: 45,156 RSUs Direct common shares after award: 520,557 shares Indirect shares via 656 Investors LLC: 527,800 shares +4 more

7 metrics

RSU grant 45,156 RSUs Award to Robert F. Savage Jr. on June 4, 2026

Direct common shares after award 520,557 shares Direct holdings following RSU grant

Indirect shares via 656 Investors LLC 527,800 shares Indirect holdings associated with 656 Investors LLC

Indirect shares via Sophie Savage 2021 Trust 50,505 shares Indirect holdings through Sophie Savage 2021 Trust

Indirect shares via Madeleine Savage 2021 Trust 50,505 shares Indirect holdings through Madeleine Savage 2021 Trust

Performance-vesting shares 42,498 shares Vest on VWAP targets of $11.50 and $13.00

Total Earnout Shares mentioned 212,490 shares Subject to Earnout Period vesting conditions

Key Terms

Restricted Stock Unit ("RSU"), Earnout Shares, VWAP, Earnout Period, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share..."

Earnout Shares financial

"shares vesting on such schedule, the "Earnout Shares"."

Earnout shares are company stock promised to sellers as part of an acquisition that only becomes payable if the acquired business hits agreed future performance targets, like revenue or profit goals. They matter to investors because they can increase the number of shares outstanding (dilution), tie seller incentives to future success, and create uncertainty about the actual cost of the deal and future ownership unless the performance conditions are clearly understood.

VWAP financial

"on which the VWAP of the shares exceeds $11.50 for a period..."

VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.

Earnout Period financial

"The "Earnout Period" is the time period beginning on the date immediately following..."

pecuniary interest financial

"except to the extent of the Reporting Person's pecuniary interest therein, if any..."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/08/2026 - 08:00 PM Accepted by SEC EDGAR 06/08/2026 - 08:00 PM Learn about SEC filing dates

FAQ

What did BAER director Robert F. Savage Jr. receive in this Form 4?

He received a grant of 45,156 Restricted Stock Units (RSUs), each representing one share of Bridger Aerospace common stock. The RSUs were granted at no cash cost as equity compensation rather than an open‑market purchase, reflecting a standard director award structure.

When do Robert F. Savage Jr.’s new BAER RSUs vest?

The new RSUs vest on the 12‑month anniversary of June 4, 2026, if he continues serving through that date. Vesting means each RSU converts into one share of common stock, turning this contingent award into fully owned shares over time.

How many Bridger Aerospace (BAER) shares does Robert F. Savage Jr. hold directly after this filing?

Following the RSU grant, he holds 520,557 shares of BAER common stock directly. This figure reflects his personal position reported in the Form 4 and excludes separate indirect holdings reported by related entities and family trusts described in the footnotes.

What indirect BAER holdings are reported for entities linked to Robert F. Savage Jr.?

Entities associated with him report 527,800 BAER shares held by 656 Investors LLC and 50,505 shares each held by the Sophie Savage 2021 Trust and the Madeleine Savage 2021 Trust. Footnotes note he shares voting authority and disclaims beneficial ownership except for any pecuniary interest.

What are BAER Earnout Shares referenced in the Form 4 footnotes?

The footnotes state that certain holdings include 42,498 shares that vest only if volume‑weighted average price (VWAP) targets of $11.50 and $13.00 are achieved during a defined Earnout Period, and that 212,490 shares are classified as Earnout Shares subject to forfeiture if targets are not met.

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^*

SAVAGE ROBERT F JR

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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	06/04/2026		A		45,156(1)	A	$0.00	520,557(2)	D
Common Stock								50,505	I(3)	Madeleine Savage 2021 Trust(3)
Common Stock								50,505	I(4)	Sophie Savage 2021 Trust(4)
Common Stock								527,800(5)	I(6)	By 656 Investors LLC(6)

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 June 4, 2026, subject to the Reporting Person's continued service through such date.

2. 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.

3. Mr. Savage holds shared authority to direct the voting and disposition of shares held by Madeleine Savage 2021 Trust. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by Madeleine Savage 2021 Trust for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (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.

4. Mr. Savage holds shared authority to direct the voting and disposition of shares held by Sophie Savage 2021 Trust. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by Sophie Savage 2021 Trust 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.

5. Includes 212,490 Earnout Shares.

6. Mr. Savage holds shared authority to direct the voting and disposition of shares held by 656 Investors LLC. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock held by 656 Investors 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.

	/s/ Robert F. Savage, Jr.	06/08/2026
	** 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)