Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Bridger Aerospace Group Holdings, Inc. is the issuer in an amended ownership statement by the listed reporting persons. They state that, as of September 30, 2026, they no longer beneficially owned more than 5% of its common stock and describe the statement as an exit filing.
As of that date, BTO Grannus Holdings IV - NQ LLC directly held 2,491,088 shares, Blackstone Tactical Opportunities Fund - FD L.P. directly held 43,029 shares, and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. directly held 19,239 shares. Other reporting persons may be deemed to beneficially own shares through control relationships, but disclaim beneficial ownership except to the extent of their pecuniary interest.
Key Figures
Direct shares held by BTO Grannus Holdings IV - NQ LLC:2,491,088 sharesDirect shares held by Blackstone Tactical Opportunities Fund - FD L.P.:43,029 sharesDirect shares held by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P.:19,239 shares+1 more
4 metrics
Direct shares held by BTO Grannus Holdings IV - NQ LLC2,491,088 sharesAs of September 30, 2026
Direct shares held by Blackstone Tactical Opportunities Fund - FD L.P.43,029 sharesAs of September 30, 2026
Direct shares held by Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P.19,239 sharesAs of September 30, 2026
Shares outstanding used for ownership percentage calculation58,826,140 sharesAs of August 3, 2026
Key Terms
beneficial ownership, Sole Voting Power, Sole Dispositive Power, pecuniary interest
4 terms
beneficial ownershipregulatory
"disclaims beneficial ownership of such shares"
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.
Sole Voting Powerregulatory
"Sole Voting Power 2,491,088.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Powerregulatory
"Sole Dispositive Power 2,491,088.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
pecuniary interestregulatory
"except to the extent of such Reporting Person's pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many BAER shares did the three Blackstone holders directly own?
As of September 30, 2026, BTO Grannus Holdings IV - NQ LLC directly held 2,491,088 shares, Blackstone Tactical Opportunities Fund - FD L.P. held 43,029 shares, and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. held 19,239 shares.
What share count was used to calculate the BAER ownership percentages?
The ownership percentages were calculated using 58,826,140 shares of common stock outstanding as of August 3, 2026, as reported in Bridger Aerospace Group Holdings, Inc.'s quarterly report.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Bridger Aerospace Group Holdings, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
96812F102
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
BTO Grannus Holdings IV - NQ LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Grannus Holdings Manager - NQ LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Tactical Opportunities Advisors L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Intermediary Holdco L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Securities Partners L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Advisory Services L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Tactical Opportunities Fund - FD L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
43,029.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
43,029.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
43,029.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Tactical Opportunities Associates III - NQ L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
43,029.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
43,029.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
43,029.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
BTO DE GP - NQ L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
43,029.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
43,029.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
43,029.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
19,239.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
19,239.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
19,239.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.03 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
BTO - NQ Side-by-Side GP L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
19,239.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
19,239.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
19,239.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.03 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Holdings I L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,491,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,491,088.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,491,088.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Holdings II L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
62,268.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
62,268.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
62,268.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Holdings I/II GP L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,553,356.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,553,356.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,553,356.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,553,356.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,553,356.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,553,356.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Blackstone Group Management L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,553,356.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,553,356.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,553,356.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
96812F102
1
Names of Reporting Persons
Stephen A. Schwarzman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,553,356.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,553,356.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,553,356.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Bridger Aerospace Group Holdings, Inc.
(b)
Address of issuer's principal executive offices:
90 Aviation Lane, Belgrade, MT 59714
Item 2.
(a)
Name of person filing:
Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of:
(i) BTO Grannus Holdings IV - NQ LLC
(ii) Grannus Holdings Manager - NQ LLC
(iii) Blackstone Tactical Opportunities Advisors L.L.C.
(iv) Blackstone Intermediary Holdco L.L.C.
(v) Blackstone Securities Partners L.P.
(vi) Blackstone Advisory Services L.L.C.
(vii) Blackstone Tactical Opportunities Fund - FD L.P.
(viii) Blackstone Tactical Opportunities Associates III - NQ L.P.
(ix) BTO DE GP - NQ L.L.C.
(x) Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P.
(xi) BTO - NQ Side-by-Side GP L.L.C.
(xii) Blackstone Holdings I L.P.
(xiii) Blackstone Holdings II L.P.
(xiv) Blackstone Holdings I/II GP L.L.C.
(xv) Blackstone Inc.
(xvi) Blackstone Group Management L.L.C.
(xvii) Stephen A. Schwarzman
As of September 30, BTO Grannus Holdings IV - NQ LLC directly holds 2,491,088 shares of par value $0.0001 per share (the "Common Stock") of the Issuer, Blackstone Tactical Opportunities Fund - FD L.P. directly holds 43,029 shares of Common Stock and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. directly holds 19,239 shares of Common Stock. BTO Grannus Holdings IV - NQ LLC, Blackstone Tactical Opportunities Fund - FD L.P. and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. are together referred to herein as the "Blackstone Holders."
BTO Grannus Holdings IV - NQ LLC is managed by Grannus Holdings Manager - NQ LLC and Blackstone Tactical Opportunities Advisors L.L.C. is the investment adviser to BTO Grannus Holdings IV - NQ LLC. The managing member of Blackstone Tactical Opportunities Advisors L.L.C. is Blackstone Intermediary Holdco L.L.C. The sole member of Blackstone Intermediary Holdco L.L.C. is Blackstone Securities Partners L.P. The general partner of Blackstone Securities Partners L.P. is Blackstone Advisory Services L.L.C. The sole member of Blackstone Advisory Services L.L.C. is Blackstone Holdings I L.P.
The general partner with management authority over Blackstone Tactical Opportunities Fund - FD L.P. with respect to the Common Stock held thereby is Blackstone Tactical Opportunities Associates III - NQ L.P. The general partner of Blackstone Tactical Opportunities Associates III - NQ L.P. is BTO DE GP - NQ L.L.C. The managing member of BTO DE GP - NQ L.L.C. is Blackstone Holdings II L.P.
The general partner of Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P. is BTO - NQ Side-by-Side GP L.L.C. The sole member of BTO - NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P.
The general partner of Blackstone Holdings I L.P. and Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone Inc.'s senior managing directors and controlled by its founder, Stephen A. Schwarzman.
Each such Reporting Person may be deemed to beneficially own the Common Stock of the Issuer directly or indirectly controlled by it or him, but neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any such Reporting Person (other than any Reporting Person to the extent they directly hold Issuer securities) is the beneficial owner of Common Stock of the Issuer referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), or for any other purpose and each of the Reporting Person expressly disclaims beneficial ownership of such shares of Common Stock. The filing of this statement should not be construed to be an admission that any member of the Reporting Persons are members of a "group" for the purposes of Section 13(d) and 13(g) of the Act.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is c/o Blackstone Inc., 345 Park Avenue, New York, NY 10154.
(c)
Citizenship:
See Item 4 of each cover page.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
96812F102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of September 30, 2026, BTO Grannus Holdings IV - NQ LLC directly held 2,491,088 shares of Common Stock, Blackstone Tactical Opportunities Fund - FD L.P. directly held 43,029 shares of Common Stock and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P directly held 19,239 shares of Common Stock.
Each Reporting Person may be deemed to beneficially own the securities of the Issuer directly held by the Blackstone Holders directly or indirectly controlled by it or him, but each (other than the Blackstone Holders to the extent of their respective direct holdings) disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than the Blackstone Holders to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 13(d) of the Act or any other purpose. Each of the Reporting Persons may be deemed to be the beneficial owner of the shares of Common Stock listed on such Reporting Person's cover page.
(b)
Percent of class:
Calculation of the percentage of shares of Common Stock beneficially owned is based on 58,826,140 shares of Common Stock outstanding as of August 3, 2026, as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 6, 2026. Each of the Reporting Persons may be deemed to be the beneficial owner of the shares of Common Stock listed on such Reporting Person's cover page.
Each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Common Stock listed on such Reporting Person's cover page. As of September 30, 2026, Reporting Persons no longer beneficially own more than five percent of the Common Stock. This filing represents an exit filing for the Reporting Persons.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See each cover page hereof.
(ii) Shared power to vote or to direct the vote:
See each cover page hereof.
(iii) Sole power to dispose or to direct the disposition of:
See each cover page hereof.
(iv) Shared power to dispose or to direct the disposition of:
See each cover page hereof.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BTO Grannus Holdings IV - NQ LLC
Signature:
/s/ Christopher J. James
Name/Title:
By: Blackstone Tactical Opportunities Advisors L.L.C., its investment manager, By: Christopher J. James, Senior Managing Director
Date:
11/06/2026
Grannus Holdings Manager - NQ LLC
Signature:
/s/ Christopher J. James
Name/Title:
Christopher J. James, Manager
Date:
11/06/2026
Blackstone Tactical Opportunities Advisors L.L.C.
Signature:
/s/ Christopher J. James
Name/Title:
Christopher J. James, Senior Managing Director
Date:
11/06/2026
Blackstone Intermediary Holdco L.L.C.
Signature:
/s/ Evan Clandorf
Name/Title:
By: Blackstone Securities Partners L.P., its sole member, By: Evan Clandorf, Authorized Person
Date:
11/06/2026
Blackstone Securities Partners L.P.
Signature:
/s/ Evan Clandorf
Name/Title:
Evan Clandorf, Authorized Person
Date:
11/06/2026
Blackstone Advisory Services L.L.C.
Signature:
/s/ Evan Clandorf
Name/Title:
Evan Clandorf, Authorized Person
Date:
11/06/2026
Blackstone Tactical Opportunities Fund - FD L.P.
Signature:
/s/ Christopher J. James
Name/Title:
By: Blackstone Tactical Opportunities Associates III - NQ L.P., its GP, By: BTO DE GP - NQ L.L.C., its GP, By: Christopher J. James, Senior MD
Date:
11/06/2026
Blackstone Tactical Opportunities Associates III - NQ L.P.
Signature:
/s/ Christopher J. James
Name/Title:
By: BTO DE GP - NQ L.L.C., its general partner, By: Christopher J. James, Senior Managing Director
Date:
11/06/2026
BTO DE GP - NQ L.L.C.
Signature:
/s/ Christopher J. James
Name/Title:
Christopher J. James, Senior Managing Director
Date:
11/06/2026
Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P.
Signature:
/s/ Christopher J. James
Name/Title:
By: BTO - NQ Side-by-Side GP L.L.C., its general partner, By: Christopher J. James, Senior Managing Director
Date:
11/06/2026
BTO - NQ Side-by-Side GP L.L.C.
Signature:
/s/ Christopher J. James
Name/Title:
Christopher J. James, Senior Managing Director
Date:
11/06/2026
Blackstone Holdings I L.P.
Signature:
/s/ Victoria Portnoy
Name/Title:
By: Blackstone Holdings I/II GP L.L.C., its general partner, By: Victoria Portnoy, Managing Director - Assistant Secretary
Date:
11/06/2026
Blackstone Holdings II L.P.
Signature:
/s/ Victoria Portnoy
Name/Title:
By: Blackstone Holdings I/II GP L.L.C., its general partner, By: Victoria Portnoy, Managing Director - Assistant Secretary
Date:
11/06/2026
Blackstone Holdings I/II GP L.L.C.
Signature:
/s/ Victoria Portnoy
Name/Title:
Victoria Portnoy, Managing Director - Assistant Secretary
Date:
11/06/2026
Blackstone Inc.
Signature:
/s/ Victoria Portnoy
Name/Title:
Victoria Portnoy, Managing Director - Assistant Secretary
Date:
11/06/2026
Blackstone Group Management L.L.C.
Signature:
/s/ Victoria Portnoy
Name/Title:
Victoria Portnoy, Managing Director - Assistant Secretary
