Robert F. Savage Jr - Sep 16, 2024 Form 4 Insider Report for Bridger Aerospace Group Holdings, Inc. (BAER)

Role
Director
Signature
/s/ Robert F. Savage, Jr.
Stock symbol
BAER
Transactions as of
Sep 16, 2024
Transactions value $
$95,273
Form type
4
Date filed
9/18/2024, 07:20 PM
Previous filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAER Common Stock Award $95.3K +38.9K +17.04% $2.45 267K Sep 16, 2024 Direct F1, F2
holding BAER Common Stock 50.5K Sep 16, 2024 See footnote F3
holding BAER Common Stock 50.5K Sep 16, 2024 See footnote F4
holding BAER Common Stock 528K Sep 16, 2024 By 656 Investors LLC F5, F6

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 BAER Warrants (right to buy) 470K Sep 16, 2024 Common Stock 470K $11.50 Direct F7
holding BAER Warrants (right to buy) 2.35M Sep 16, 2024 Common Stock 2.35M $11.50 By 656 Investors LLC F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Director grant consisting of 38,887 shares of common stock.
F2 Includes 42,498 shares which vest generally as follows: (i) 50% of the shares vest on the first date during the Earnout Period (defined below) on which the volume-weighted average price ("VWAP") of the shares exceeds $11.50 for a period of at least 20 out of 30 consecutive trading days, and (ii) 50% of the shares vest on the first date during the Earnout Period on which the VWAP exceeds $13.00 for a period of at least 20 out of 30 consecutive trading days (shares vesting on such schedule, the "Earnout Shares"). The "Earnout Period" is the time period beginning on the date immediately following the January 24, 2023 closing of the Issuer's initial business combination (the "Closing Date") and ending on and including the five year anniversary of the Closing Date. Any Earnout Shares not vested by the end of the Earnout Period shall be forfeited back to the Issuer for no consideration.
F3 Mr. Savage holds shared authority to direct the voting and disposition of shares held by Madeleine Savage 2021 Trust. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of the Reporting Person's pecuniary interest therein, if any, and the filing of this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
F4 Mr. Savage holds shared authority to direct the voting and disposition of shares held by Sophie Savage 2021 Trust. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of the Reporting Person's pecuniary interest therein, if any, and the filing of this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
F5 Includes 212,491 Earnout Shares.
F6 Mr. Savage holds shared authority to direct the voting and disposition of shares held by 656 Investors LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of the Reporting Person's pecuniary interest therein, if any, and the filing of this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
F7 Each warrant entitles the holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment, at any time commencing on February 23, 2023, subject to the terms of the warrant agreement. The warrants expire on January 24, 2028, or earlier upon redemption.