What indirect BAER share holdings are associated with entities related to Robert F. Savage Jr?

The filing lists indirect holdings through 656 Investors LLC and two family trusts. These entities hold common stock where he has shared voting and disposition authority, but he disclaims beneficial ownership except for any pecuniary interest, as described in the detailed Form 4 footnotes.

Bridger Aerospace (BAER) director awarded 27,514 RSUs in stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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 stock grant. On June 30, 2026, he received 27,514 Restricted Stock Units, each representing one share of common stock, at a price of $0.00 per share, and these RSUs vested immediately in full.

Following this grant, he directly holds 548,071 common shares. He also has indirect interests in shares held by 656 Investors LLC and the Sophie Savage 2021 Trust and Madeleine Savage 2021 Trust, where he shares voting and disposition authority but disclaims beneficial ownership except for any pecuniary interest. The holdings include earnout shares that vest only if the stock’s VWAP exceeds $11.50 and $13.00 for specified trading-day periods during a five-year earnout period beginning after the January 24, 2023 business combination closing.

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	27,514	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 548,071 shares (Direct, null); Common Stock — 50,505 shares (Indirect, Madeleine Savage 2021 Trust)

Footnotes (1)

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. These RSUs immediately vested in full on June 30, 2026. 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

RSUs granted: 27,514 shares Grant price per share: $0.00 per share Direct shares after grant: 548,071 shares +5 more

8 metrics

RSUs granted 27,514 shares Restricted Stock Units granted and vested on June 30, 2026

Grant price per share $0.00 per share Price for the 27,514 RSUs granted as compensation

Direct shares after grant 548,071 shares Common stock directly held by Savage after June 30, 2026 grant

Indirect shares via 656 Investors LLC 527,800 shares Common stock held by 656 Investors LLC with shared authority

Indirect shares via Sophie Savage 2021 Trust 50,505 shares Common stock held by Sophie Savage 2021 Trust with shared authority

Indirect shares via Madeleine Savage 2021 Trust 50,505 shares Common stock held by Madeleine Savage 2021 Trust with shared authority

Performance-based RSUs in one grant 42,498 shares Earnout Shares vesting on VWAP targets of $11.50 and $13.00

Additional earnout shares 212,490 shares Earnout Shares included in reported holdings subject to price hurdles

Key Terms

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

5 terms

Restricted Stock Unit ("RSU") financial

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

Earnout Period financial

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

VWAP financial

"on which the VWAP of the shares exceeds $11.50 for a period of at least 20"

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 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.

Rule 16a-1(a) regulatory

"for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 07:02 PM Accepted by SEC EDGAR 07/02/2026 - 07:01 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
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)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A		27,514⁽¹⁾	A	$0.00	548,071⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 immediately vested in full on June 30, 2026.

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.	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BAER director Robert F. Savage Jr report?

He reported receiving 27,514 Restricted Stock Units as compensation. Each RSU represents one share of Bridger Aerospace common stock and was granted at $0.00 per share, with the entire award vesting immediately on June 30, 2026, increasing his direct share ownership.

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

After the June 30, 2026 RSU grant, he directly holds 548,071 shares of Bridger Aerospace common stock. This figure includes the newly vested 27,514 RSUs and provides the updated direct ownership position reported in the Form 4 filing for the director.

How do Bridger Aerospace earnout shares work for Robert F. Savage Jr?

Some of his reported holdings include earnout shares that vest only if price targets are met. Vesting depends on the stock’s VWAP exceeding $11.50 and $13.00 for specified trading-day periods during a five-year earnout period starting after the January 24, 2023 business combination closing.

Did Robert F. Savage Jr buy or sell BAER shares in the market?

No open-market purchases or sales are shown. The main reportable change is a grant of 27,514 RSUs at $0.00 per share that vested immediately as compensation, rather than a market trade, along with updated disclosures of indirect and earnout-related share holdings.