[144] Bridge Investment Group Holdings Inc. SEC Filing

Rhea-AI Filing Summary

Bridge Investment Group Holdings Inc. (BRDG) – Form 144 filing

Insider Katherine Elsnab filed a Notice of Proposed Sale to dispose of up to 1,220 Class A common shares on or about 21 Jul 2025 through Morgan Stanley Smith Barney. At an indicated market value of $13,078, the transaction equals only 0.003 % of the 47.19 million shares outstanding, implying de-minimis dilution risk.

The form also reports three prior sales between 4-6 Jun 2025 totaling 90,000 shares for aggregate gross proceeds of $832,728. All shares originate from a 20 Jul 2021 restricted-stock grant (11,350 units) received as employee compensation.

The filer certifies the absence of undisclosed adverse information and compliance with Rule 144. While the proposed sale is quantitatively immaterial, the continued insider selling trend could weigh on investor sentiment.

Positive

• Sale equals only 0.003 % of shares outstanding, posing no dilution or control impact
• Timely Form 144 filing provides transparency and complies with Rule 144 disclosure requirements

Negative

• Insider has already sold 90,000 shares in the past month, signalling continued selling pressure
• Repeated insider disposals may be perceived as reduced confidence in near-term valuation

Insights

Financial Analyst

TL;DR: Very small sale (0.003 %) is immaterial financially; pattern of recent sales may mildly pressure sentiment.

The new 1,220-share disposition translates to roughly one trading day’s volume and has no balance-sheet impact. However, combining it with the 90 k shares sold in early June shows the insider monetised about 0.19 % of outstanding stock within two months. Momentum investors often view persistent insider selling as a soft negative, but the size remains far below thresholds that typically trigger valuation adjustments. Overall financial effect: neutral.

Corporate Governance Specialist

TL;DR: Ongoing insider liquidation could signal limited conviction, albeit with full Rule 144 transparency.

Form 144 ensures the market is warned before sales execute, supporting disclosure best practices. Yet three sizable sales followed by another planned trade suggest a pattern that governance analysts track for alignment concerns. Though the stake percentage is low, repeated sales over a short window may be interpreted as reduced long-term commitment. Absent offsetting insider purchases, the governance read-through leans moderately negative.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Morgan Stanley Smith Barney LLC 200 W Civic Center Dr 4th Floor Sandy UT 84070	1220	13078	47187845	07/21/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	07/20/2021	Restricted Stock Grant	Issuer			11350	07/20/2021	Employee Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Katherine Elsnab 111 East Sego Lily Drive Suite 400 Salt Lake City UT 84070	Class A Common Stock	06/04/2025	30000	275610
Katherine Elsnab 111 East Sego Lily Drive Suite 400 Salt Lake City UT 84070	Class A Common Stock	06/05/2025	30000	276168
Katherine Elsnab 111 East Sego Lily Drive Suite 400 Salt Lake City UT 84070	Class A Common Stock	06/06/2025	30000	280950

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many BRDG shares are proposed for sale in this Form 144?

1,220 Class A common shares are slated for sale on or around 21 Jul 2025.

What is the estimated market value of the proposed BRDG share sale?

The filing lists an aggregate market value of $13,078 for the 1,220 shares.

How many BRDG shares has the insider sold recently?

The insider sold 90,000 shares between 4-6 Jun 2025, generating $832,728 in gross proceeds.

What percentage of BRDG’s shares outstanding does the planned sale represent?

Approximately 0.003 % of the 47.19 million shares outstanding.

When were the shares originally acquired by the insider?

They were granted as restricted stock on 20 Jul 2021 as part of employee compensation.

Which broker will execute the proposed BRDG share sale?

Morgan Stanley Smith Barney LLC, Sandy UT, is listed as the executing broker.