Bridger Aerospace (BAER) — Blackstone Holdings II Sells Shares

What Happened

• Blackstone Holdings II L.P. (reported as a 10% owner via affiliated funds) sold a total of 2,778,124 shares of Bridger Aerospace Group Holdings, Inc. (BAER) on August 11, 2026. The weighted-average price reported was $1.04 per share, for aggregate proceeds of approximately $2,890,638.
• The sale breaks down into three reported transactions: 2,710,374 shares for $2,820,144; 46,817 shares for $48,713; and 20,933 shares for $21,781. Footnote F7 states the shares were sold in multiple trades at prices ranging from $1.00 to $1.29.

Key Details

• Transaction date: 2026-08-11; Form filed: 2026-08-13 (filed within the typical 2-business-day reporting window).
• Reported weighted-average price: $1.04; price range across trades: $1.00–$1.29 (per footnote F7).
• Total shares sold: 2,778,124; total proceeds: ~$2.89 million.
• Ownership/structure notes: sales were by Blackstone-related entities (see footnotes F1–F4 describing the chain of affiliated funds and managers); reporting persons disclaim beneficial ownership of securities held by other affiliates except to the extent of pecuniary interest (F5–F6).
• Shares owned after the transaction: not specified in the provided filing details.
• Remarks: multiple related Blackstone affiliates filed separate Forms 4 (per the filing remark).

Context

• This is an institutional sale by a 10% owner (Blackstone affiliates), not an individual executive transaction. Institutional sales can reflect portfolio rebalancing or liquidity needs and are not direct indicators of company operational outlook.
• No options exercised, awards, or gifts are reported here—just outright dispositions (transaction code S). The filing is timely based on the report and file dates.