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

Rhea-AI Filing Summary

BigBear.ai insider transactions: The company's CFO, Sean Ricker, reported two disposals of common stock. On 08/26/2025 a sale (code S) is shown for 2 shares at $5.40, leaving 308,323 shares beneficially owned. On 08/27/2025 he sold 11,978 shares at $5.35, leaving 296,345 shares beneficially owned.

Positive

• None.

Negative

• Reported disposals: Sale on 08/26/2025 of 2 shares at $5.40 reducing reported holdings to 308,323 shares.
• Reported disposals: Sale on 08/27/2025 of 11,978 shares at $5.35 reducing reported holdings to 296,345 shares.

Insights

Financial Analyst

TL;DR: CFO reported small open-market sales reducing holdings by 11,980 shares at ~ $5.35–$5.40.

The filings show two reported dispositions by the reporting person using transaction code S, executed across consecutive days at prices near $5.35–$5.40. The net effect reduced reported beneficial ownership from 308,323 to 296,345 shares. These are routine insider sales as documented; no derivative activity or additional context is provided in the filing.

Corporate Governance Expert

TL;DR: Officer-level insider sales were reported; disclosure appears complete with direct ownership figures updated.

The Form 4 lists the reporting person as an officer (CFO) and reports direct disposals in Table I only. The form includes updated post-transaction beneficial ownership counts and is signed. There are no amendments, derivative transactions, or indications of trading pursuant to a 10b5-1 plan disclosed in this filing.

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

OMB Number:			3235-0287
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hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
08/26/2025

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	08/26/2025		S		2	D	$5.4	308,323	D
Common Stock	08/27/2025		S		11,978	D	$5.35	296,345	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:

Remarks:

	/s/ Sean Ricker	08/27/2025
	** 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 insider transactions did BBAI CFO Sean Ricker report?

The Form 4 shows two dispositions: 2 shares sold on 08/26/2025 at $5.40 and 11,978 shares sold on 08/27/2025 at $5.35.

How many BBAI shares does Sean Ricker beneficially own after these transactions?

After the reported transactions the filing shows 296,345 shares beneficially owned.

Did the Form 4 report any derivative transactions or option exercises for BBAI?

No. Table II (derivative securities) contains no listed transactions; only non-derivative common stock disposals are reported.

Is the reporting person identified as an officer or director on the Form 4?

Yes. The filing identifies Sean Ricker as an officer with the title Chief Financial Officer and indicates he is a reporting person.

Was the Form 4 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person.