Bridger Aerospace (BAER) 10% Owner Blackstone Sells 1.9M Shares

What Happened
Blackstone Holdings I L.P. (reported as a 10% owner) sold a total of 1,900,000 shares of Bridger Aerospace Group Holdings, Inc. (BAER) in open-market/private transactions on August 4, 2026. The sales were reported as three transactions of 1,853,665; 32,019; and 14,316 shares, each at $1.70 per share, for aggregate proceeds of $3,230,000. These were outright sales (transaction code S), not purchases or option exercises.

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 6, 2026 (filed within the normal 2-business-day window).
• Prices and amounts: 1,853,665 @ $1.70 ($3,151,231); 32,019 @ $1.70 ($54,432); 14,316 @ $1.70 ($24,337). Total = 1,900,000 shares for $3,230,000.
• Shares owned after transaction: Not specified in the excerpt provided on this filing.
• Notable footnotes: Securities were held through affiliated entities (e.g., BTO Grannus IV and other Blackstone-managed vehicles); the filing includes disclaimers about each reporting person’s beneficial ownership and notes that related affiliates filed separate Forms 4 due to EDGAR filing limits.
• Filing timeliness: Reported promptly (not indicated as late).

Context
This report reflects institutional selling by a large Blackstone-affiliated holder rather than insider trading by an individual executive. Institutional sales can be driven by fund management or portfolio rebalancing and do not by themselves indicate company-specific insider sentiment. The transaction code is S = Sale (no options exercised or awards involved).