4//SEC Filing
SAVAGE ROBERT F JR 4
Accession 0001683168-24-006510
CIK 0001941536other
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 7:20 PM ET
Size
12.6 KB
Accession
0001683168-24-006510
Insider Transaction Report
Form 4
SAVAGE ROBERT F JR
Director10% Owner
Transactions
- Award
Common Stock
2024-09-16$2.45/sh+38,887$95,273→ 267,111 total
Holdings
- 50,505(indirect: See footnote)
Common Stock
- 50,505(indirect: See footnote)
Common Stock
- 527,800(indirect: By LLC)
Common Stock
- 470,000
Warrants (right to buy)
Exercise: $11.50→ Common Stock (470,000 underlying) - 2,350,000(indirect: By LLC)
Warrants (right to buy)
Exercise: $11.50→ Common Stock (2,350,000 underlying)
Footnotes (7)
- [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.
Documents
Issuer
Bridger Aerospace Group Holdings, Inc.
CIK 0001941536
Entity typeother
Related Parties
1- filerCIK 0001198067
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 7:20 PM ET
- Size
- 12.6 KB