Director at Bridger Aerospace (BAER) receives 158,049 RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KELTER JEFFREY E reported acquisition or exercise transactions in this Form 4 filing.
Bridger Aerospace Group Holdings director Jeffrey E. Kelter received a grant of 158,049 Restricted Stock Units (RSUs), each representing a contingent right to one share of common stock. These RSUs vest on the 12-month anniversary of June 4, 2026, subject to his continued service.
Following the grant, he holds 986,273 shares of common stock directly, which include 212,491 Earnout Shares that vest only if volume-weighted average price (VWAP) hurdles of $11.50 and $13.00 are met during a defined Earnout Period. Additional indirect holdings are reported via Windy Point Investments LLC and K5 Equity Capital Holdings, LLC, with beneficial ownership disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KELTER JEFFREY E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 158,049 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 986,273 shares (Direct, null);
Common Stock — 302,020 shares (Indirect, By K5 Equity Capital Holdings, LLC)
Footnotes (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. 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. Includes 212,491 Earnout Shares. 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.
Key Figures
RSUs granted: 158,049 RSUs
Grant price per share: $0.0000 per share
Direct holdings after grant: 986,273 shares
+5 more
8 metrics
RSUs granted
158,049 RSUs
Grant of Restricted Stock Units to director
Grant price per share
$0.0000 per share
RSU grant transaction price
Direct holdings after grant
986,273 shares
Common stock held directly following RSU grant
Windy Point indirect holdings
627,800 shares
Common stock held by Windy Point Investments LLC
K5 Equity indirect holdings
302,020 shares
Common stock held by K5 Equity Capital Holdings, LLC
Earnout Shares included
212,491 shares
Earnout Shares within direct holdings
First VWAP hurdle
$11.50 VWAP
50% of certain shares vest if VWAP exceeds this level
Second VWAP hurdle
$13.00 VWAP
Remaining 50% of certain shares vest if VWAP exceeds this level
Key Terms
Restricted Stock Unit ("RSU"), Earnout Shares, VWAP, Earnout Period, +2 more
6 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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 Period financial
"The "Earnout Period" is the time period beginning on the date immediately following"
pecuniary interest financial
"except to the extent of their pecuniary interest therein, if any"
beneficial ownership financial
"disclaim beneficial ownership of the shares of the Issuer's Common Stock held by the Fund"
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 did Bridger Aerospace (BAER) director Jeffrey Kelter receive in this Form 4?
Director Jeffrey E. Kelter received a grant of 158,049 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Bridger Aerospace common stock if specified vesting conditions are met, including continued service and, for some shares, stock price hurdles.
When do Jeffrey Kelter’s new RSUs in Bridger Aerospace (BAER) vest?
The newly granted RSUs vest on the 12-month anniversary of June 4, 2026, subject to Jeffrey Kelter’s continued service through that date. Until they vest, the RSUs remain contingent rights and may be forfeited if the service condition is not satisfied.