BigBear.ai Insider Files Form 144 for 30,000-Share Sale via Morgan Stanley

Rhea-AI Filing Summary

BigBear.ai Holdings, Inc. (BBAI) submitted a Form 144 notifying a proposed sale of 30,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $174,915.77, approximate sale date 08/14/2025. The shares were acquired through restricted stock vesting on 06/30/2023 (28,423 shares) and 09/30/2023 (1,577 shares) under a registered plan for services rendered. The filer previously sold 26,000 shares on 05/15/2025 for gross proceeds of $93,620.80 in two transactions. The notice includes the required representation that the seller has no undisclosed material adverse information.

Positive

• Full disclosure of proposed sale: 30,000 common shares, broker identified as Morgan Stanley Smith Barney LLC, sale date provided (08/14/2025).
• Acquisition details included: Dates and nature of acquisition (restricted stock vesting on 06/30/2023 and 09/30/2023) and consideration (services rendered).
• Past sales disclosed: Two sales on 05/15/2025 totaling 26,000 shares with gross proceeds of $93,620.80, supporting transparency.

Negative

• Insider selling activity: Proposed sale of 30,000 shares and recent sale of 26,000 shares indicate continued insider liquidity events.
• Aggregate market value relatively modest: $174,915.77 for 30,000 shares may increase share supply without substantial offsetting demand (document only states sale, not market impact).

Insights

Securities Analyst

TL;DR: Routine insider sale notice for 30,000 vested shares, modest relative value versus typical market caps.

This Form 144 discloses a planned sale of 30,000 common shares via Morgan Stanley with an indicated aggregate market value of $174,915.77 and a target sale date of August 14, 2025. The shares originated from restricted stock vesting in mid-2023 tied to services rendered, indicating compensation-related disposals rather than open-market purchases. Prior sales on May 15, 2025 totaled 26,000 shares for $93,620.80, showing recent incremental liquidity events by the same person. The filing is procedural and provides standard certifications about material non-public information.

Compliance Officer

TL;DR: Filing appears complete for Rule 144 requirements; includes acquisition, past sales, broker, and certification.

The Form 144 includes the broker's name and address, the class and amount of securities to be sold, acquisition dates and nature (restricted stock vesting), and past sales within three months. It contains the seller's representation about lack of undisclosed material adverse information and the standard criminal-statements reminder. From a compliance perspective, the notice contains the requisite elements to proceed under Rule 144, subject to verification of any applicable volume and holding period limitations external to this filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	30000	174915.77	370703198	08/14/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/30/2023	Restricted stock vesting under a registered plan	Issuer			1577	09/30/2023	Services Rendered
Common	06/30/2023	Restricted stock vesting under a registered plan	Issuer			28423	06/30/2023	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
DOROTHY HAYES 7950 Jones Branch Drive First Floor, North Tower McLean VA 22102	Common	05/15/2025	19212	69178.57
DOROTHY HAYES 7950 Jones Branch Drive First Floor, North Tower McLean VA 22102	Common	05/15/2025	6788	24442.23

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed by BBAI disclose?

It notifies a proposed sale of 30,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE with aggregate market value $174,915.77 and approximate sale date 08/14/2025.

When and how were the shares being sold acquired?

The shares were acquired via restricted stock vesting under a registered plan on 06/30/2023 (28,423 shares) and 09/30/2023 (1,577 shares) for services rendered.

Has the seller previously sold shares recently?

Yes. The filer sold 19,212 shares and 6,788 shares on 05/15/2025 for gross proceeds of $69,178.57 and $24,442.23 respectively, totaling 26,000 shares and $93,620.80.

Who is the broker handling the proposed sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004, is listed as the broker.

Does the Form 144 include a certification regarding material information?

Yes. The filer represents by signing that they do not know any material adverse information about the issuer that has not been publicly disclosed.