Julie Peffer - Mar 23, 2023 Form 4/A - Amendment Insider Report for BigBear.ai Holdings, Inc. (BBAI)

Role: Chief Financial Officer
Signature: /s/ Sean Ricker as Attorney-in-Fact for Julie Peffer
Stock symbol: BBAI
Transactions as of: Mar 23, 2023
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 3/28/2023, 05:13 PM
Date Of Original Report: Mar 27, 2023
Previous filing: Dec 30, 2022
Next filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBAI	Common Stock	Award	$0	+81.5K	+43.91%	$0.00	267K	Mar 23, 2023	Direct	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
transaction	BBAI	Stock Option (Right to Buy)	Award	$0	+103K	+101.31%	$0.00	204K	Mar 23, 2023	Common Stock	103K	$1.84	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on March 23, 2023 and vest as follows: 25% of the RSUs will vest on March 23, 2024 and the remaining 75% will vest in equal quarterly installments on the last day of each calendar quarter thereafter, such that the entire award will be vested on December 31, 2026 (subject to the reporting person's continued employment through each vesting date).
F2	The original Form 4, filed on March 27, 2023, is being amended by this Form 4 amendment to correct an administrative error, which misreported an acquisition that occurred on March 23, 2023 as comprising (1) 108,696 shares of the issuer's Common Stock (when in fact 81,522 shares of the issuer's Common Stock were acquired) and (2) 136,724 options (when in fact 102,543 shares of the issuer's options were acquired). As a result of this administrative error, the number of shares and options beneficially owned by the reporting person following the corrected transaction reflects (1) a reduction in the number of shares of Common Stock reported as beneficially owned by the reporting person by 27,174 shares and (2) a reduction in the number of options reported as beneficially owned by the reporting person by 34,181 options.
F3	The option was granted on March 23, 2023 and vests as follows: 25% of the option will vest on March 23, 2024 and the remaining 75% will vest in equal quarterly installments on the last day of each calendar quarter thereafter, such that the entire award will be vested on December 31, 2026 (subject to the reporting person's continued employment through each vesting date).