Bridge Investment CFO Trims Holding, Keeps Major Stake Intact

Rhea-AI Filing Summary

Katherine Elsnab, Chief Financial Officer of Bridge Investment Group Holdings (BRDG), reported three open-market sales of the company’s Class A common stock between 21-23 Jul 2025. She sold 1,131 shares in total—366, 369 and 396 shares—at weighted-average prices of $10.46–$10.65, generating roughly $11,900 in proceeds.

Following the transactions, Elsnab still directly holds 356,576 Class A shares and 56,604 Class A Units of Bridge Investment Group Holdings LLC (redeemable 1:1 for Class A shares), plus 56,604 Class B shares. The disposition represents about 0.3 % of her combined economic exposure, leaving her overall insider stake largely intact. No new derivative positions were created or exercised. Given the limited size of the sales and continued sizeable ownership, the filing appears to be routine portfolio diversification with negligible impact on the company’s share structure.

Positive

• High residual ownership: CFO still holds 356,576 Class A shares and 56,604 units, maintaining strong alignment with shareholders.

Negative

• Insider selling: Any sale by a senior executive can be perceived as a lack of short-term confidence, even if the amount is small.

Insights

Securities Analyst

TL;DR: Small CFO sale; stake remains large—minimal market impact.

The disposition of 1,131 shares over three sessions is immaterial relative to BRDG’s public float and Elsnab’s holdings. Cash value is under $12k and does not materially alter insider ownership. No red flags such as option exercises, aggressive pricing or clustered insider activity are evident. I view the event as neutral; liquidity profile and governance posture remain unchanged.

Corporate Governance Expert

TL;DR: Routine Form 4; governance alignment maintained.

Elsnab retains over 356k Class A shares and identical convertible units, preserving voting and economic alignment with shareholders. The modest sale (<0.5% of her direct stake) does not suggest a shift in strategic outlook. Absence of other concurrent insider trades supports a benign interpretation. Impact on governance and control rights is negligible.

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
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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^*

Elsnab Katherine

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial 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		366	D	$10.6(1)	357,341	D
Class A Common Stock	07/22/2025		S		369	D	$10.46(2)	356,972	D
Class A Common Stock	07/23/2025		S		396	D	$10.65(3)	356,576	D
Class B Common Stock								56,604	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	(4)							(4)	(4)	Class A Common Stock	56,604		56,604	D

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).
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 CFO Katherine Elsnab sell?

She sold 1,131 Class A shares across three days (366, 369 and 396 shares).

What prices were the BRDG insider sales executed at?

Weighted-average prices ranged from $10.46 to $10.65 per share.

How many BRDG shares does the CFO still own after the sale?

Elsnab directly owns 356,576 Class A shares plus 56,604 Class A Units and 56,604 Class B shares.

Did the filing include any derivative transactions?

No new derivatives were acquired or disposed; Class A Units remain unchanged and are redeemable 1:1 for Class A shares.

Is the insider sale significant relative to the CFO’s holdings?

The sale represents roughly 0.3 % of her total economic interest, indicating minimal impact.