Bridger Aerospace director buys 200,000 shares
Bridger Aerospace Group Holdings, Inc. (BAER) director Jeffrey E. Kelter reported open-market purchases of a total of 200,000 shares of common stock on September 1, 2026 through affiliated entities.
Rhea-AI Filing Summary
Bridger Aerospace Group Holdings, Inc. (BAER) director Jeffrey E. Kelter reported open-market purchases of a total of 200,000 shares of common stock on September 1, 2026 through affiliated entities. K5 Equity Capital Holdings, LLC held 502,020 shares indirectly after the trade, and Windy Point Investments LLC held 827,800 shares, including 212,491 Earnout Shares. Kelter also reported 1,086,273 shares held directly, including 42,498 Earnout Shares subject to VWAP-based vesting conditions.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 200,000 shares
Net Buy
3 txns
Insider
KELTER JEFFREY E
Role
Director
Bought
200,000 shs ($219K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F2, F3 | 100,000 | $1.097 | $110K |
| Purchase | Common Stock F4, F5, F6 | 100,000 | $1.0944 | $109K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 502,020 shares (Indirect, By K5 Equity Capital Holdings, LLC);
Common Stock — 827,800 shares (Indirect, By Windy Point Investments LLC);
Common Stock — 1,086,273 shares (Direct)
Footnotes (6)
- F1. 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.
- F2. These shares were acquired by the Reporting Person in open-market transactions at prices ranging from $1.0850 to $1.1100. 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.
- 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. These shares were acquired by the Reporting Person in open-market transactions at prices ranging from $1.0850 to $1.1050. 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.
- F5. Includes 212,491 Earnout Shares.
- F6. 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
K5 purchase: 100,000 shares at $1.097 per share
Windy Point purchase: 100,000 shares at $1.0944 per share
Indirect holdings via K5: 502,020 shares
+3 more
6 metrics
K5 purchase
100,000 shares at $1.097 per share
Open-market purchase on September 1, 2026 by K5 Equity Capital Holdings, LLC
Windy Point purchase
100,000 shares at $1.0944 per share
Open-market purchase on September 1, 2026 by Windy Point Investments LLC
Indirect holdings via K5
502,020 shares
BAER common stock held indirectly after transactions
Indirect holdings via Windy Point
827,800 shares
BAER common stock held indirectly after transactions, including 212,491 Earnout Shares
Direct holdings
1,086,273 shares
BAER common stock held directly after transactions, including 42,498 Earnout Shares
Earnout VWAP thresholds
$11.50 and $13.00 VWAP targets
Price hurdles for vesting of Earnout Shares over the earnout period
Key Terms
Earnout Shares, VWAP, Earnout Period, weighted average price, +1 more
5 terms
VWAP financial
"on which the VWAP of the shares exceeds $11.50 for a period"
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"
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.
Rule 16a-1(a) regulatory
"disclaim beneficial ownership ... for purposes of Rule 16a-1(a) under the Act"
FAQ
What did BAER director Jeffrey E. Kelter report buying on September 1, 2026?
He reported purchasing 200,000 BAER common shares in open-market transactions on September 1, 2026, split as 100,000 shares through K5 Equity Capital Holdings, LLC and 100,000 shares through Windy Point Investments LLC.
What are Jeffrey E. Kelter’s indirect BAER holdings after these transactions?
After the reported transactions, K5 Equity Capital Holdings, LLC held 502,020 BAER shares and Windy Point Investments LLC held 827,800 BAER shares, including 212,491 Earnout Shares. Kelter disclaims beneficial ownership beyond any pecuniary interest in these entities’ holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
