[Form 4] BigBear.ai Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

BigBear.ai (BBAI) reported a routine insider equity grant. The Chief Financial Officer received 200,000 restricted stock units (RSUs) on October 14, 2025, recorded at $0 per unit. Each RSU converts into one share, contingent on continued service through vesting.

The award vests in two equal tranches: 100,000 RSUs on October 14, 2026 and 100,000 RSUs on October 14, 2027. Following the reported transaction, the filing lists 489,720 shares of common stock beneficially owned, held directly. This is a standard compensation-related filing that outlines timing and conditions for future share delivery tied to service.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ricker Sean Raymond

(Last) (First) (Middle)

C/O BIGBEAR AI HOLDINGS, INC.

7950 JONES BRANCH DRIVE

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/14/2025		A		200,000(1)	A	$0	489,720	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on October 14, 2025. 100,000 of the RSUs will vest on October 14, 2026 and the remaining 100,000 RSUs will vest on October 14, 2027.

Remarks:

	/s/ Sean Ricker	10/14/2025
	** 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 4 (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 did BigBear.ai (BBAI) disclose in this Form 4?

The CFO was granted 200,000 RSUs on October 14, 2025, each representing one share upon vesting.

What is the vesting schedule for the 200,000 RSUs at BBAI?

100,000 RSUs vest on October 14, 2026 and 100,000 RSUs vest on October 14, 2027.

What price was assigned to the RSUs in the BBAI Form 4?

The RSUs were recorded at $0 per unit, consistent with equity awards that settle in shares upon vesting.

How many BBAI shares are beneficially owned after this transaction?

The filing reports 489,720 shares of common stock beneficially owned following the transaction, held directly.

Who is the reporting person for BBAI in this filing?

The reporting person is the Chief Financial Officer of BigBear.ai Holdings, Inc.

What does each RSU represent in the BBAI grant?

Each RSU represents the right to receive one share of common stock upon vesting, subject to continued service.