B. Riley Financial, Inc. - May 12, 2022 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Role
Director, 10%+ Owner
Signature
B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer
Stock symbol
BW
Transactions as of
May 12, 2022
Transactions value $
$1,142,320
Form type
4
Date filed
5/13/2022, 12:25 PM
Previous filing
May 11, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BW Common Stock, $0.01 par value per share Purchase $1.14M +200K +1.77% $5.71 11.5M May 12, 2022 By B. Riley Securities, Inc. F1, F2, F3, F5
holding BW Common Stock, $0.01 par value per share 297K May 12, 2022 Direct F4, F6
holding BW Common Stock, $0.01 par value per share 37.4K May 12, 2022 Held in Bryant R. Riley's 401(k) account F1, F3
holding BW Common Stock, $0.01 par value per share 33.7K May 12, 2022 By Bryant R. Riley, as UTMA custodian for Abigail Riley F1, F3, F7
holding BW Common Stock, $0.01 par value per share 33.7K May 12, 2022 By Bryant R. Riley, as UTMA custodian for Charlie Riley F1, F3, F7
holding BW Common Stock, $0.01 par value per share 31.7K May 12, 2022 By Bryant R. Riley, as UTMA custodian for Susan Riley F1, F3, F7
holding BW Common Stock, $0.01 par value per share 33.7K May 12, 2022 By Bryant R. Riley, as UTMA custodian for Eloise Riley F1, F3, F7
holding BW Common Stock, $0.01 par value per share 13.7M May 12, 2022 By BRF Investments, LLC F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BW Warrants (right to buy) 1.54M May 12, 2022 Common Stock 1.54M $0.01 By BRF Investments, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), BRF Investments, LLC, a Delaware corporation ("BRFI"), and Bryant R. Riley.
F2 BRF is the parent company of BRS and BRFI. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRS and BRFI.
F3 Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRS and BRFI. Each of BRF, BRS, BRFI, 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.
F4 Represents shares held directly by Bryant R. Riley.
F5 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.62 to $5.75, inclusive. The Filing Persons reporting person undertakes to provide to the Commission, upon request, full information regarding the number of shares purchased at each separate price.
F6 Includes 121,688 shares received upon distribution from a limited partnership.
F7 Includes 331 shares received upon distribution from a limited partnership.