BigBear.ai (BBAI) Initial Form 3 Shows Director Holds No Shares

Rhea-AI Filing Summary

BigBear.ai Holdings, Inc. (BBAI) Form 3: Anthony Evangelista, listed with the company address, filed an initial Section 16 report as a director and the form states that he does not beneficially own any securities of the issuer. The filing includes a power of attorney authorizing signature by an attorney-in-fact and records the form as an initial ownership disclosure for a company insider.

Positive

• Initial disclosure completed for a director-level reporting person, meeting Section 16 reporting requirements
• Clear statement of no beneficial ownership, removing ambiguity about immediate insider holdings

Negative

• No securities reported owned by the director, so there is no disclosed alignment of personal equity with shareholders

Insights

Corporate Governance Expert

TL;DR: Initial insider filing shows a new director with no reported beneficial ownership, a neutral governance disclosure.

The Form 3 documents an initial Section 16 disclosure for a director-level reporting person and explicitly states no securities are beneficially owned. From a governance standpoint, this is a routine compliance filing required when an insider becomes reportable. The presence of a power of attorney for signature is an administrative detail and does not alter ownership information.

Securities Compliance Analyst

TL;DR: Compliance filing is complete but shows no material change to insider holdings or equity structure.

The filing contains the required initial statement format and identifies the reporting relationship as a director. The clear statement of no beneficial ownership indicates there are no reportable holdings to disclose at this time, so there is no immediate material impact on shareholder structure or potential insider transactions.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Evangelista Anthony

(Last) (First) (Middle)

C/O BIGBEAR AI HOLDINGS, INC.

7950 JONES BRANCH DRIVE

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2025

3. Issuer Name and Ticker or Trading Symbol
BigBear.ai Holdings, Inc. [ BBAI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24: Power of Attorney.

No securities are beneficially owned.

	/s/ Sean Ricker as Attorney-in-Fact for Anthony Evangelista	08/15/2025
	** 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 5 (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.

FAQ

What does the Form 3 for BBAI say about Anthony Evangelista's holdings?

The Form 3 states that Anthony Evangelista does not beneficially own any securities of BigBear.ai Holdings, Inc.

Does the Form 3 indicate Anthony Evangelista's role at BBAI?

Yes; the filing identifies the reporting person as a director of the issuer.

Was a power of attorney used to sign the Form 3 for BBAI?

Yes; the filing references an exhibit: Power of Attorney and the signature was executed by an attorney-in-fact.

Does this Form 3 show any derivative or non-derivative securities owned?

No; both the non-derivative and derivative sections indicate no securities are beneficially owned.

Is this Form 3 considered a material event for BBAI investors?

The filing is a routine insider disclosure and the reporting experts rate its immediate investor impact as neutral.