Bridge Investment Group Vice-Chairman trims minor stake in Form 4 filing

Rhea-AI Filing Summary

Bridge Investment Group Holdings Inc. (BRDG) – Form 4 filing dated 07/23/2025. Vice-Chairman and Director Dean Allara disclosed open-market sales of 19,273 Class A shares over three consecutive sessions (07/21-07/23/25) at weighted-average prices between $10.33-$10.71 (approx. $204k in proceeds).

Following the transactions, Allara still owns 643,200 Class A shares directly and retains significant economic exposure through:

• 4.86 MM Class B shares held directly
• 1.0 MM Class B shares held in two family legacy trusts
• 558,632 Class B shares via Rockridge Investments, LLC
• 7.36 MM Class A LLC units (convertible 1-for-1 into Class A common)

The sale represents roughly 3% of his directly held Class A stake and <1% of his total economic interest when indirect holdings are included.

No derivatives were exercised or disposed of; the LLC units remain fully redeemable on a 1:1 basis for Class A common stock.

Positive

• Insider retains a substantial stake (>8 MM share equivalents), signaling continued alignment with shareholders.
• Transparent footnote disclosure of volume-weighted pricing range enhances governance credibility.

Negative

• Insider selling of 19,273 shares may be viewed as a modestly bearish signal.
• Aggregate insider activity could pressure sentiment if similar sales persist.

Insights

Equity Analyst

TL;DR: Minor insider sale; ownership remains substantial—signal modestly negative but not thesis-changing.

The $204k sale is immaterial relative to Allara’s >8 MM share equivalent stake. Transaction timing shows no clustered selling from other insiders and occurs near the 3-month high around $10.7, suggesting routine liquidity rather than strategic exit. Market-moving impact should be limited; however, persistent insider selling could pressure sentiment if trend continues.

Corporate Governance Specialist

TL;DR: Governance risk remains low; transparent disclosure and minimal dilution risk.

Allara’s indirect holdings are clearly delineated across trusts and an LLC, maintaining alignment with common shareholders. The Form 4 notes weighted-average pricing with SEC-compliant breakdown, indicating procedural diligence. With no derivative exercises or unusual structures disclosed, governance red flags are minimal. Impact on control is negligible, as Class B super-voting shares remain intact.

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).

1. Name and Address of Reporting Person^*

Allara Dean

(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)
	Vice Chairman

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		6,245	D	$10.6(1)	656,228	D
Class A Common Stock	07/22/2025		S		6,285	D	$10.46(2)	649,943	D
Class A Common Stock	07/23/2025		S		6,743	D	$10.65(3)	643,200	D
Class B Common Stock								500,000	I	The Dean Allara Family Legacy Trust dtd December 20, 2021(4)
Class B Common Stock								500,000	I	The Stacey Allara Family Legacy Trust dtd December 20, 2021(5)
Class B Common Stock								558,632	I	By Rockridge Investments, LLC(6)
Class B Common Stock								4,863,964	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
Class A Units	(7)							(7)	(7)	Class A Common Stock	6,303,811		6,303,811	D
Class A Units	(7)							(7)	(7)	Class A Common Stock	500,000		500,000	I	The Dean Allara Family Legacy Trust dtd December 20, 2021(4)
Class A Units	(7)							(7)	(7)	Class A Common Stock	558,632		558,632	I	By Rockridge Investments, LLC(6)
Class A Units	(7)							(7)	(7)	Class A Common Stock	500,000		500,000	I	The Stacey Allara Family Legacy Trust dtd December 20, 2021(5)

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 Reporting Person is the Trustee of the Dean Allara Family Legacy Trust dtd December 20, 2021 and may be deemed to be the beneficial owner of these securities.

5. The Reporting Person is the Trustee of the Stacey Allara Family Legacy Trust dtd December 20, 2021 and may be deemed to be the beneficial owner of these securities.

6. The Reporting Person is the manager of Rockridge Investments, LLC and may be deemed to be the beneficial owner of these securities.

7. 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).
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 BRDG shares did Vice-Chairman Dean Allara sell on 07/21-07/23/25?

He sold 19,273 Class A shares across three days.

At what price were the BRDG shares sold?

Weighted-average prices ranged from $10.33 to $10.71.

How many BRDG Class A shares does Allara still own directly after the sale?

He holds 643,200 Class A shares directly.

What indirect BRDG ownership does Allara maintain?

He controls 1 MM Class B shares in family trusts, 558,632 Class B shares via Rockridge Investments, and 7.36 MM Class A units convertible into Class A common.

Do the reported transactions involve any derivative exercises?

No. The filing shows no derivative securities were exercised or sold; all Class A units remain outstanding.