Bridger Aerospace awards 115,000 RSUs to CAO

The chief accounting officer of BAER received a 115,000-share RSU equity award vesting over three years.

Rhea-AI Filing Summary

Bridger Aerospace Group Holdings, Inc. (symbol: BAER) is the issuer of record for a Form 4 filing submitted to the SEC. Gerleman Rebecca reported acquisition or exercise transactions in this Form 4 filing.

Bridger Aerospace Group Holdings, Inc. (BAER) reported that Rebecca Gerleman, its SVP and Chief Accounting Officer, received an equity award of 115,000 shares of common stock on September 18, 2026 in the form of Restricted Stock Units. The RSUs vest in three equal annual installments on September 18, 2027, 2028, and 2029, subject to her continued service, and her directly held common stock position reported after this award is 115,000 shares.

Insider Trade Summary

Grant/Award: 115,000 shares

Grant/Award 1 txn

Insider Gerleman Rebecca

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	115,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 115,000 shares (Direct)

Footnotes (1)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer. The RSUs vest in three equal annual installments scheduled to occur on September 18, 2027, September 18, 2028 and September 18, 2029, subject to the Reporting Person's continued service through the applicable date.

Key Figures

RSUs granted: 115,000 shares Price per share for RSU grant: $0.00 per share Shares held after transaction: 115,000 shares +2 more

5 metrics

RSUs granted 115,000 shares Equity award to SVP, Chief Accounting Officer on September 18, 2026

Price per share for RSU grant $0.00 per share Stated transaction price for the 115,000-share RSU award

Shares held after transaction 115,000 shares Directly held BAER common stock position reported after the RSU grant

Vesting schedule installments 3 installments RSUs vest in three equal annual tranches in 2027, 2028, and 2029

First vesting date September 18, 2027 Initial one-third tranche of RSUs scheduled to vest

Key Terms

Restricted Stock Unit ("RSU"), contingent right, continued service

3 terms

Restricted Stock Unit ("RSU") financial

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

contingent right financial

"represents a contingent right to receive one share of common stock"

continued service financial

"subject to the Reporting Person's continued service through the applicable date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BAER report for Rebecca Gerleman?

BAER reported that SVP and Chief Accounting Officer Rebecca Gerleman received a grant of 115,000 Restricted Stock Units representing common shares on September 18, 2026, as an equity award at a stated price of $0.00 per share.

How many BAER shares are involved in Rebecca Gerleman’s Form 4 filing?

The filing reports an acquisition of 115,000 shares of BAER common stock in the form of Restricted Stock Units. Following the transaction, her directly held common stock position reported in the filing is also 115,000 shares.

How do the BAER RSUs granted to Rebecca Gerleman vest?

Each RSU represents a contingent right to receive one BAER common share. The 115,000 RSUs vest in three equal annual installments on September 18, 2027, September 18, 2028, and September 18, 2029, subject to her continued service.

Was Rebecca Gerleman’s BAER RSU grant made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating the RSU award was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What is Rebecca Gerleman’s role at BAER in this Form 4?

In the Form 4, Rebecca Gerleman is identified as an officer of Bridger Aerospace Group Holdings, Inc., serving as SVP, Chief Accounting Officer. She is not listed as a director or ten percent owner in this filing.

Is the BAER insider transaction a market purchase or sale?

No. The transaction is coded as a grant, award, or other acquisition of 115,000 RSUs at a stated price of $0.00 per share, reflecting an equity compensation award rather than an open-market purchase or sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 04:14 PM Accepted by SEC EDGAR 09/21/2026 - 04:13 PM Learn about SEC filing dates

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^*

Gerleman Rebecca

(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)
	SVP, Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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	09/18/2026		A		115,000(1)	A	$0.00	115,000	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 common stock of the Issuer. The RSUs vest in three equal annual installments scheduled to occur on September 18, 2027, September 18, 2028 and September 18, 2029, subject to the Reporting Person's continued service through the applicable date.

	/s/ Justin D. Mogford, attorney-in-fact for Rebecca Gerleman	09/21/2026
	** 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)