[Form 4] Bridge Investment Group Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bridge Investment Group Holdings Inc. (BRDG) – Form 4 filing dated 07/23/2025. Executive Chairman and 10% owner Robert R. Morse reported open-market sales of Class A Common Stock on 07/21, 07/22 and 07/23 2025. In total, 79,309 shares were sold at weighted-average prices of $10.46–$10.69, generating roughly $0.84 million in proceeds.

After the transactions, Morse still directly owns 3,077,962 Class A shares. Indirect holdings remain substantial: 1.41 million Class B shares and 1.45 million Class A Units via family trusts, plus 27.87 million Class B shares and 33.64 million Class A Units through FLM Holdings LLC. The Class A Units are exchangeable into Class A shares on a 1-for-1 basis.

Sell volume represents <0.3% of Morse’s total economic interest, suggesting portfolio rebalancing rather than a major reduction in ownership. No derivative exercises or new grants occurred, and Morse retains his roles as Executive Chairman, Director and significant insider.

Insights

Financial Analyst

TL;DR: Small insider sale; ownership still >30 million shares—neutral signal.

The filing shows Morse trimmed roughly 79k Class A shares for about $0.8 m, a negligible slice of a >36 m-share position when converted. Such de-minimis selling is common for liquidity or diversification needs and does not materially alter control dynamics. No options were exercised, and indirect stakes via trusts and FLM remain intact, sustaining alignment with common shareholders. Market impact should be limited; however, investors may monitor future filings to see if selling accelerates.

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

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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^*

O'Farrell Adam

(Last) (First) (Middle)

C/O BRIDGE INVESTMENT GROUP HOLDINGS INC

111 EAST SEGO LILY DRIVE, SUITE 400

(Street)

SANDY UT 84070

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bridge Investment Group Holdings Inc. [ BRDG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/21/2025

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
Class A Common Stock	07/21/2025		S		3,535	D	$10.6(1)	534,503	D
Class A Common Stock	07/22/2025		S		3,557	D	$10.46(2)	530,946	D
Class A Common Stock	07/23/2025		S		3,817	D	$10.65(3)	527,129	D
Class B Common Stock								827,095	I	By Adam B. O'Farrell and Tracy K. O'Farrell Trust dtd May 9, 2019
Class B Common Stock								1,460,950	I	By The O'Farrell Irrevocable Trust

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
Class A Units	(4)							(4)	(4)	Class A Common Stock	1,465,749		1,465,749	I	By Adam B. O'Farrell and Tracy K. O'Farrell Trust dtd May 9, 2019
Class A Units	(4)							(4)	(4)	Class A Common Stock	1,460,950		1,460,950	I	By The O'Farrell Irrevocable Trust

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.46 to $10.69. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.33 to $10.56. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.55 to $10.71. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.

4. The Class A Units in Bridge Investment Group Holdings LLC may be redeemed by the Reporting Person at any time for shares of Class A Common Stock on a 1-to-1 basis.

Remarks:

	/s/ Matthew Grant Attorney-in-Fact	07/23/2025
	** 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).
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FAQ

How many BRDG shares did Robert R. Morse sell?

He sold 79,309 Class A shares across three trading days (07/21-07/23 2025).

What prices were the BRDG insider shares sold at?

Weighted-average prices ranged from $10.46 to $10.69 per share.

How many BRDG shares does Morse still own directly after the sale?

He directly owns 3,077,962 Class A shares after the reported transactions.

What is the size of Morse’s indirect BRDG holdings?

Indirectly, he controls 1.41 m Class B shares and 1.45 m Class A Units via family trusts, plus 27.87 m Class B shares and 33.64 m Class A Units through FLM Holdings LLC.

Do the Class A Units affect potential dilution?

Yes. The 35.09 m Class A Units can be redeemed 1-for-1 into Class A shares, representing potential future issuance.