Bridger Aerospace (BAER) Form 4 shows new 23,799 RSU award

Rhea-AI Filing Summary

Bridger Aerospace Group Holdings, Inc. (BAER)11/25/2025, the director acquired 23,799 Restricted Stock Units (RSUs) at a price of $0.00 per unit, each representing one share of common stock. These RSUs vest on the 12‑month anniversary of November 25, 2025, subject to continued service.

After this grant, the director beneficially owns 194,437 shares/RSUs, including 115,386 vested RSUs and 79,051 unvested RSUs. The unvested RSUs are scheduled to vest in equal 20% installments on each of July 19, 2026, July 19, 2027 and July 19, 2028, and upon a change of control of the issuer, subject to continued service through each applicable vesting date.

11/26/2025 - 04:30 PM

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
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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^*

Howard Hugh Wyman III

(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		23,799(1)	A	$0.00	194,437(2)	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.

2. This total amount represents 115,386 vested RSUs, and 79,051 unvested RSUs which vest in equal 20% installments on each of July 19, 2026, July 19, 2027 and July 19, 2028, and a change of control of the Issuer, subject to the Reporting Person's continued service through each applicable vesting date.

	/s/ James Muchmore, attorney-in-fact for Hugh Wyman Howard III	11/26/2025
	** 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.

FAQ

What insider transaction did BAER report in this Form 4?

The filing shows a director of Bridger Aerospace Group Holdings, Inc. (BAER) received 23,799 Restricted Stock Units (RSUs) on 11/25/2025 as equity compensation at a price of $0.00 per unit.

How many BAER securities does the reporting person beneficially own after this transaction?

Following the reported grant, the director beneficially owns 194,437 BAER securities, consisting of 115,386 vested RSUs and 79,051 unvested RSUs, according to the filing.

When do the newly granted BAER RSUs vest?

The 23,799 RSUs granted on 11/25/2025 are scheduled to vest on the 12‑month anniversary of November 25, 2025, subject to the reporting person’s continued service through that date.

What is the vesting schedule for the existing unvested BAER RSUs?

The filing states that 79,051 unvested RSUs vest in equal 20% installments on each of July 19, 2026, July 19, 2027 and July 19, 2028, and upon a change of control of the issuer, subject to continued service through each applicable vesting date.

What role does the reporting person hold at Bridger Aerospace (BAER)?

The reporting person is identified as a Director of Bridger Aerospace Group Holdings, Inc. (BAER) in the filing.

Was this BAER Form 4 filed by one or multiple reporting persons?

The document indicates that it is a Form filed by one reporting person, not a joint or group filing.