B. Riley Financial, Inc. - Nov 14, 2023 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Role: 10%+ Owner
Signature: B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer
Stock symbol: BW
Transactions as of: Nov 14, 2023
Transactions value $: $182,907
Form type: 4
Date filed: 11/16/2023, 09:23 AM
Previous filing: Nov 14, 2023
Next filing: Dec 4, 2023

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	$183K	+158K	+2.12%	$1.16	7.6M	Nov 14, 2023	By B. Riley Securities, Inc.	F1, F2, F3, F5
holding	BW	Common Stock, $0.01 par value per share						19.8M	Nov 14, 2023	By BRF Investments, LLC	F1, F2, F3
holding	BW	Common Stock, $0.01 par value per share						520K	Nov 14, 2023	Direct	F4
holding	BW	Common Stock, $0.01 par value per share						43.6K	Nov 14, 2023	By Bryant R. Riley, as UTMA custodian for Abigail Riley	F1, F3
holding	BW	Common Stock, $0.01 par value per share						43.9K	Nov 14, 2023	By Bryant R. Riley, as UTMA custodian for Charlie Riley	F1, F3
holding	BW	Common Stock, $0.01 par value per share						41.9K	Nov 14, 2023	By Bryant R. Riley, as UTMA custodian for Susan Riley	F1, F3
holding	BW	Common Stock, $0.01 par value per share						43.6K	Nov 14, 2023	By Bryant R. Riley, as UTMA custodian for Eloise Riley	F1, F3
holding	BW	Common Stock, $0.01 par value per share						37.4K	Nov 14, 2023	Held in Bryant R. Riley's 401(k) account	F1, F3

* 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 $1.14 to $1.16, inclusive. The Filing Persons undertake to provide the Commission, upon request, full information regarding the number of shares purchased at each separate price.