Blue Bird (BLBD) director awarded 2,297 RSUs vesting in 2027

Rhea-AI Filing Summary

Thau Daniel Mark reported acquisition or exercise transactions in this Form 4 filing.

Blue Bird Corp director Daniel Mark Thau received an equity award of 2,297 restricted stock units (RSUs). The award is priced at $0.0000 per share, reflecting a compensation grant rather than a market purchase, and increases his directly held common stock-related position to 8,396 shares equivalent.

The RSUs are scheduled to vest on March 31, 2027. They will vest earlier in full if there is a change in control of the company or if his service ends due to death, disability, or completion of his term as a director. Shares of common stock will be issued when the RSUs vest and upon the earlier of meeting Blue Bird’s minimum stock ownership guidelines, termination of his service as a director, or a change in control event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Thau Daniel Mark

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share	2,297	$0.00	--

Holdings After Transaction: Common Stock, par value $0.0001 per share — 8,396 shares (Direct)

Footnotes (1)

1. The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation. The RSUs will vest on March 31, 2027; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or due to completion of the reporting person's term of office as a director. Shares of common stock will be issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines, termination of service as a director or a change in control event.

Key Figures

RSU grant size: 2,297 RSUs Grant price: $0.0000 per share Holdings after grant: 8,396 shares +1 more

4 metrics

RSU grant size 2,297 RSUs Restricted stock units granted to director on April 1, 2026

Grant price $0.0000 per share Form 4 transaction price for RSU award

Holdings after grant 8,396 shares Total common stock-related holdings following RSU award

RSU vesting date March 31, 2027 Scheduled vesting date for the RSU award

Key Terms

restricted stock units ("RSUs"), change in control, minimum stock ownership guidelines

3 terms

restricted stock units ("RSUs") financial

"The award represents a grant of restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

change in control financial

"will vest in full upon the occurrence of a "change in control" of the Company"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

minimum stock ownership guidelines financial

"upon the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines"

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

Thau Daniel Mark

(Last) (First) (Middle)

3920 ARKWRIGHT ROAD, SUITE 200

(Street)

MACON GEORGIA 31210

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blue Bird Corp [ BLBD ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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, par value $0.0001 per share	04/01/2026		A		2,297(1)(2)	A	$0	8,396	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. The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.

2. The RSUs will vest on March 31, 2027; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or due to completion of the reporting person's term of office as a director. Shares of common stock will be issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines, termination of service as a director or a change in control event.

Remarks:

	/s/ Matthew Meziere as attorney-in-fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Blue Bird Corp (BLBD) director Daniel Mark Thau report in this Form 4?

Daniel Mark Thau reported receiving 2,297 restricted stock units as an equity compensation award. Each RSU represents a right to receive one share of Blue Bird common stock, increasing his directly held position to 8,396 share equivalents after the grant.

How many restricted stock units did Daniel Mark Thau receive from Blue Bird Corp (BLBD)?

He received 2,297 restricted stock units. Each RSU corresponds to one share of Blue Bird common stock, subject to vesting conditions. This grant is reflected as a Form 4 acquisition at a price of $0.0000 per share, indicating a compensation-based award.

When do Daniel Mark Thau’s Blue Bird (BLBD) RSUs vest?

The RSUs are scheduled to vest on March 31, 2027. They will also vest in full earlier if a change in control occurs, or if his service ends because of death, disability, or completion of his term as a director, as described in the award terms.

Under what conditions do the Blue Bird (BLBD) RSUs vest early for Daniel Mark Thau?

They vest early in full upon a change in control of Blue Bird, or if his service ends due to death, disability, or completion of his director term. These conditions accelerate vesting relative to the normal March 31, 2027 schedule detailed in the award disclosure.

When will Blue Bird (BLBD) common shares be issued for Daniel Mark Thau’s RSUs?

Shares will be issued upon vesting and the earlier of meeting the company’s minimum stock ownership guidelines, his termination of service as a director, or a change in control event. This structure links delivery timing to both vesting and governance-related milestones.

Is Daniel Mark Thau’s Blue Bird (BLBD) Form 4 a market purchase or a compensation grant?

It is a compensation grant of 2,297 restricted stock units at $0.0000 per share, coded as an award acquisition. This differs from an open-market purchase because no cash consideration was paid; it reflects equity-based director compensation rather than trading activity.