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Babcock & Wilcox reports 130,000-share insider buys

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Form Type
4

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises, Inc. (BW) reported three indirect purchases of its common stock on November 11, 2026, totaling 130,000 shares. A 60,000-share purchase at $4.9814 per share was reported in Susan Riley’s account, with 103,810 shares held following the transaction. Purchases for Abigail and Eloise Riley through Bryant R. Riley as UTMA custodian were 35,000 shares each at $4.9816 and $4.9815 per share, respectively, with resulting positions of 80,436 and 80,431 shares. No Rule 10b5-1 plan is reported.

Insider BRC Group Holdings, Inc., BRF Investments, LLC, B. Riley Securities, Inc., RILEY BRYANT R
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought 130,000 shs ($648K)
Increase in Position 96.5%
Type Security Shares Price Value
Purchase Common Stock, $0.01 par value per share F3 60,000 $4.9814 $299K
Purchase Common Stock, $0.01 par value per share F3 35,000 $4.9816 $174K
Purchase Common Stock, $0.01 par value per share F3 35,000 $4.9815 $174K
Holding Common Stock, $0.01 par value per share F1, F2 -- -- --
Holding Common Stock, $0.01 par value per share F1, F2 -- -- --
Holding Common Stock, $0.01 par value per share F1, F2 -- -- --
Holding Common Stock, $0.01 par value per share F3 -- -- --
Holdings After Transaction: Common Stock, $0.01 par value per share — 103,810 shares (Indirect, By Susan Riley); Common Stock, $0.01 par value per share — 80,436 shares (Indirect, By Bryant R. Riley, as UTMA custodian for Abigail Riley); Common Stock, $0.01 par value per share — 80,431 shares (Indirect, By Bryant R. Riley, as UTMA custodian for Eloise Riley); Common Stock, $0.01 par value per share — 11,873,160 shares (Indirect, By BRF Investments, LLC); Common Stock, $0.01 par value per share — 15,573,362 shares (Indirect, By B. Riley Securities, Inc.); Common Stock, $0.01 par value per share — 37,353 shares (Indirect, Held in Bryant R. Riley's 401(k)account); Common Stock, $0.01 par value per share — 45,801 shares (Indirect, By Bryant R. Riley, as UTMA custodian for Charlie Riley)
Holdings Before and After: Common Stock, $0.01 par value per share, 43,810 to 103,810 shares (Indirect, By Susan Riley); Common Stock, $0.01 par value per share, 45,436 to 80,436 shares (Indirect, By Bryant R. Riley, as UTMA custodian for Abigail Riley); Common Stock, $0.01 par value per share, 45,431 to 80,431 shares (Indirect, By Bryant R. Riley, as UTMA custodian for Eloise Riley)
Footnotes (3)
  1. F1. This Form 4 is being filed jointly by BRC Group Holdings, Inc., a Delaware corporation ("BRC"), BRF Investments, LLC ("BRFI"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), and Bryant R. Riley.
  2. F2. BRC is the parent company of BRFI and the majority shareholder of B. Riley Securities Holdings, Inc. ("BRSH"). BRS is a wholly owned subsidiary of BRSH. As a result, BRC may be deemed to indirectly beneficially own the shares held by BRFI and BRS. Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRC. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRFI and BRS. Each of BRC, BRFI, BRS, and Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.
  3. F3. Bryant R. Riley may also beneficially own (i) shares held for the benefit of Abigail Riley, (ii) shares held for the benefit of Charlie Riley, (iii) shares held for the benefit of Eloise Riley, (iv) shares held in an account of Susan Riley which has granted purchase and dispositive power to Bryant Riley, and (v) shares held in Bryant R. Riley's 401(k) account. Bryant R. Riley disclaims beneficial ownership and pecuniary interest in the shares held by the accounts noted in (3)(i)-(3)(iv).
Purchase in Susan Riley’s account 60,000 shares at $4.9814 per share November 11, 2026; 103,810 shares held following the transaction
Purchase for Abigail Riley through a UTMA account 35,000 shares at $4.9816 per share November 11, 2026; 80,436 shares held following the transaction
Purchase for Eloise Riley through a UTMA account 35,000 shares at $4.9815 per share November 11, 2026; 80,431 shares held following the transaction
UTMA custodian regulatory
"as UTMA custodian for Abigail Riley"
beneficial ownership regulatory
"disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BW shares were purchased, and at what prices?

The three purchases totaled 130,000 shares on November 11, 2026: 60,000 in Susan Riley’s account at $4.9814 per share, 35,000 for Abigail Riley at $4.9816 per share, and 35,000 for Eloise Riley at $4.9815 per share. Bryant R. Riley was identified as UTMA custodian for the latter two accounts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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).
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*
BRC Group Holdings, Inc.

(Last)(First)(Middle)
11100 SANTA MONICA BLVD
SUITE 800

(Street)
LOS ANGELES CALIFORNIA 90025

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Babcock & Wilcox Enterprises, Inc. [ BW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 par value per share11,873,160IBy BRF Investments, LLC(1)(2)
Common Stock, $0.01 par value per share15,573,362IBy B. Riley Securities, Inc.(1)(2)
Common Stock, $0.01 par value per share37,353IHeld in Bryant R. Riley's 401(k)account(1)(2)
Common Stock, $0.01 par value per share45,801IBy Bryant R. Riley, as UTMA custodian for Charlie Riley(3)
Common Stock, $0.01 par value per share11/11/202611/11/2026P60,000A$4.9814103,810IBy Susan Riley(3)
Common Stock, $0.01 par value per share11/11/202611/11/2026P35,000A$4.981680,436IBy Bryant R. Riley, as UTMA custodian for Abigail Riley(3)
Common Stock, $0.01 par value per share11/11/202611/11/2026P35,000A$4.981580,431IBy Bryant R. Riley, as UTMA custodian for Eloise Riley(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
BRC Group Holdings, Inc.

(Last)(First)(Middle)
11100 SANTA MONICA BLVD
SUITE 800

(Street)
LOS ANGELES CALIFORNIA 90025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
BRF Investments, LLC

(Last)(First)(Middle)
11100 SANTA MONICA BLVD
SUITE 800

(Street)
LOS ANGELES CALIFORNIA 90025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
B. Riley Securities, Inc.

(Last)(First)(Middle)
11100 SANTA MONICA BLVD
SUITE 800

(Street)
LOS ANGELES CALIFORNIA 90025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
RILEY BRYANT R

(Last)(First)(Middle)
11100 SANTA MONICA BLVD.,
SUITE 800

(Street)
LOS ANGELES CALIFORNIA 90025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. This Form 4 is being filed jointly by BRC Group Holdings, Inc., a Delaware corporation ("BRC"), BRF Investments, LLC ("BRFI"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), and Bryant R. Riley.
2. BRC is the parent company of BRFI and the majority shareholder of B. Riley Securities Holdings, Inc. ("BRSH"). BRS is a wholly owned subsidiary of BRSH. As a result, BRC may be deemed to indirectly beneficially own the shares held by BRFI and BRS. Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRC. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRFI and BRS. Each of BRC, BRFI, BRS, and Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.
3. Bryant R. Riley may also beneficially own (i) shares held for the benefit of Abigail Riley, (ii) shares held for the benefit of Charlie Riley, (iii) shares held for the benefit of Eloise Riley, (iv) shares held in an account of Susan Riley which has granted purchase and dispositive power to Bryant Riley, and (v) shares held in Bryant R. Riley's 401(k) account. Bryant R. Riley disclaims beneficial ownership and pecuniary interest in the shares held by the accounts noted in (3)(i)-(3)(iv).
BRC Group Holdings, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer11/12/2026
BRF Investments, LLC, by: /s/ Bryant R. Riley,11/12/2026
B. Riley Securities, Inc., by: /s/ Frank J. Pigott, General Counsel and Secretary11/12/2026
by: /s/ Bryant R. Riley11/12/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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