Norm Laudermilch - May 8, 2023 Form 4 Insider Report for BigBear.ai Holdings, Inc. (BBAI)

Role
Chief Operating Officer
Signature
/s/ Sean Ricker as Attorney-in-Fact for Norm Laudermilch
Stock symbol
BBAI
Transactions as of
May 8, 2023
Transactions value $
$0
Form type
4
Date filed
5/10/2023, 07:12 PM
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBAI Common Stock Award $0 +274K $0.00 274K May 8, 2023 Direct F1
transaction BBAI Common Stock Award $0 +182K +66.67% $0.00 456K May 8, 2023 Direct 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 +344K $0.00 344K May 8, 2023 Common Stock 344K $2.74 Direct 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 May 8, 2023 and vest as follows: 25% of the RSUs will vest on May 8, 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 March 31, 2027 (subject to the reporting person's continued employment through each vesting date).
F2 Each performance stock unit ("PSU") represents a contingent right to receive one share the issuer's Common Stock. The PSUs vest upon the achievement of specified performance metrics for the calendar year ended December 31, 2023.
F3 The option was granted on May 8, 2023 and vests as follows: 25% of the option will vest on May 8, 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 March 31, 2027 (subject to the reporting person's continued employment through each vesting date).