Blue Bird Insider: CFO Offloads $452k in Stock, Retains 58k Shares

Rhea-AI Filing Summary

Blue Bird Corporation (BLBD) – Form 4 Insider Transaction

Chief Financial Officer Razvan Radulescu reported the sale of 10,000 shares of Blue Bird Corporation common stock on 07/08/2025. The weighted-average sale price was $45.19 per share, with individual sale prices ranging from $44.86 to $45.29, executed under a previously adopted Rule 10b5-1 trading plan dated 08/12/2024. Following the transaction, Radulescu’s direct beneficial ownership stands at 58,203 shares.

No derivative security activity was reported and no additional transactions were disclosed in this filing. The Form 4 was signed on 07/09/2025 by Matthew Meziere acting as attorney-in-fact for the reporting person.

The filing does not provide information on Blue Bird’s operational or financial performance; it is limited to this single insider sale.

Positive

• None.

Negative

• CFO reduced direct holdings by 10,000 shares, potentially signaling lower insider confidence or personal liquidity needs.

Insights

Financial Analyst

TL;DR: CFO sold 10k shares (~$0.45 m), retains 58k; sale under 10b5-1, modest negative sentiment.

The reported transaction removes approximately US$452k worth of BLBD stock from the CFO’s direct holdings. While the sale was executed under a pre-arranged Rule 10b5-1 plan—often mitigating concerns about timing—it still reduces insider ownership and can be interpreted as mildly bearish, particularly because no offsetting purchases were disclosed. The CFO maintains a sizeable stake (58,203 shares), suggesting continued alignment, yet the sale represents roughly 15–17% of his previously held shares (exact prior balance not shown). In the absence of other material data, the filing is moderately negative but not highly impactful for long-term valuation.

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).

X

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^*

Radulescu Razvan

(Last) (First) (Middle)

3920 ARKWRIGHT ROAD

SUITE 200

(Street)

MACON GA 31210

(City) (State) (Zip)

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

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)
07/08/2025

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, par value $0.0001	07/08/2025		S		10,000	D	$45.19(1)	58,203	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 price reported in Column 4 is a weighted average price resulting from shares sold in multiple transactions on July 8, 2025, pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 12, 2024, at prices ranging from $44.86 to $45.29, inclusive. The reporting person undertakes to provide to Blue Bird Corporation, any security holder of Blue Bird Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Matthew Meziere as attorney-in-fact	07/09/2025
	** 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

How many Blue Bird (BLBD) shares did CFO Razvan Radulescu sell?

He sold 10,000 common shares on 07/08/2025.

At what price were the BLBD shares sold?

The weighted-average sale price was $45.19, within a range of $44.86–$45.29.

What is the CFO’s remaining BLBD share ownership?

After the sale, he directly owns 58,203 shares.

Was the sale part of a 10b5-1 trading plan?

Yes. The transaction was executed under a Rule 10b5-1 plan adopted on 08/12/2024.

Were any derivative securities involved in this Form 4 filing?

No. No derivative securities were acquired or disposed of in this transaction.

Does the filing mention any company performance metrics?

No. The Form 4 strictly reports an insider share sale and contains no earnings or operational data.