Bridger Aerospace (BAER) director buys stock near $1.20 in latest insider bet
Rhea-AI Filing Summary
Bridger Aerospace Group Holdings, Inc. (BAER) director Jeffrey E. Kelter reported open‑market purchases of a total of 300,000 shares of Common Stock on August 19–20, 2026. Purchases were made directly and indirectly through K5 Equity Capital Holdings, LLC and Windy Point Investments LLC at weighted average prices near $1.16–$1.20 per share, with prices reported as weighted averages over stated ranges. Certain direct and indirect holdings include Earnout Shares that vest only if VWAP hurdles of $11.50 and $13.00 are met during a defined Earnout Period, and the reporting person disclaims beneficial ownership of some indirect shares except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 300,000 shares
Net Buy
6 txns
Insider
KELTER JEFFREY E
Role
Director
Bought
300,000 shs ($354K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F6, F2 | 50,000 | $1.1574 | $58K |
| Purchase | Common Stock F7, F3 | 50,000 | $1.1572 | $58K |
| Purchase | Common Stock F7, F4, F5 | 50,000 | $1.1568 | $58K |
| Purchase | Common Stock F1, F2 | 50,000 | $1.2032 | $60K |
| Purchase | Common Stock F1, F3 | 50,000 | $1.2032 | $60K |
| Purchase | Common Stock F1, F4, F5 | 50,000 | $1.2032 | $60K |
Holdings After Transaction:
Common Stock — 1,086,273 shares (Direct);
Common Stock — 402,020 shares (Indirect, By K5 Equity Capital Holdings, LLC);
Common Stock — 727,800 shares (Indirect, By Windy Point Investments LLC)
Footnotes (7)
- F1. These shares were acquired by the Reporting Person in open-market transactions at prices ranging from $1.1600 to $1.2200. The price reported above reflects the weighted average price. The Reporting Person undertakes to provide the SEC, the Issuer or any security holder, upon request, full information regarding the number of shares purchased at each separate price.
- F2. 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.
- F3. 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.
- F4. Includes 212,491 Earnout Shares.
- F5. 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.
- F6. These shares were acquired by the Reporting Person in open-market transactions at prices ranging from $1.1350 to $1.1700. The price reported above reflects the weighted average price. The Reporting Person undertakes to provide the SEC, the Issuer or any security holder, upon request, full information regarding the number of shares purchased at each separate price.
- F7. These shares were acquired by the Reporting Person in open-market transactions at prices ranging from $1.1300 to $1.1700. The price reported above reflects the weighted average price. The Reporting Person undertakes to provide the SEC, the Issuer or any security holder, upon request, full information regarding the number of shares purchased at each separate price.
Key Figures
Total shares purchased: 300,000 shares
Direct purchase price: $1.2032 per share
Direct purchase price: $1.1574 per share
+5 more
8 metrics
Total shares purchased
300,000 shares
Aggregate open-market purchases reported in the transaction summary
Direct purchase price
$1.2032 per share
One of the August 19, 2026 open-market purchases
Direct purchase price
$1.1574 per share
One of the August 20, 2026 open-market purchases
Indirect purchase price (K5 Equity Capital Holdings, LLC)
$1.1572 per share
August 20, 2026 transaction reported as indirect ownership
Indirect purchase price (Windy Point Investments LLC)
$1.1568 per share
August 20, 2026 transaction reported as indirect ownership
Earnout Shares (direct holding)
42,498 shares
Direct holdings include 42,498 shares subject to Earnout vesting conditions
Earnout Shares (Windy Point Investments LLC)
212,491 shares
Indirect holdings through Windy Point include 212,491 Earnout Shares
VWAP vesting hurdles
$11.50 and $13.00
Earnout Shares vest upon VWAP exceeding these levels for 20 of 30 days
Key Terms
weighted average price, Earnout Shares, VWAP, Earnout Period, +1 more
5 terms
weighted average price financial
"The price reported above reflects the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
VWAP financial
"on which the VWAP of the shares exceeds $11.50"
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"
beneficial ownership regulatory
"disclaim beneficial ownership of the shares of the Issuer's Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transactions did BAER director Jeffrey E. Kelter report?
He reported six open‑market purchases of Bridger Aerospace (BAER) Common Stock on August 19–20, 2026, totaling 300,000 shares, made both in his own name and indirectly through K5 Equity Capital Holdings, LLC and Windy Point Investments LLC.
Is this BAER Form 4 filed under a Rule 10b5-1 trading plan?
The document-level Rule 10b5‑1 checkbox is not checked (aff_10b5_one is false), and no footnote states that these transactions were made pursuant to a Rule 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
