A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for Bridger Aerospace Group Holdings, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 12 insider filings shown, the breakdown is 8 compensation award, 2 open-market purchase and 2 open-market sale. 4 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
Schellenberg David (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Schellenberg David (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
SAVAGE ROBERT F JR (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: SAVAGE ROBERT F JR (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
Pasricha Meghan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Pasricha Meghan (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
Heller Dean (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Heller Dean (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
FREEDMAN ERNEST MICHAEL (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: FREEDMAN ERNEST MICHAEL (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
FASCITELLI ELIZABETH C (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: FASCITELLI ELIZABETH C (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
BAER insider Form 4 filed for equity award, exercise, or tax withholding
Drohan Dan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
31,708 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Drohan Dan (Director)
Shares: 31,708
Form 4
Compensation award
Tax / Compensation Filing
2026-09-21
BAER insider Form 4 filed for equity award, exercise, or tax withholding
Gerleman Rebecca (SVP, Chief Accounting Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
115,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Gerleman Rebecca (SVP, Chief Accounting Officer)
Shares: 115,000
Form 4
Open-market purchase
Insider Buying
2026-09-02
BAER insider KELTER JEFFREY E (Director) bought 200,000 shares (~$219.1K)
KELTER JEFFREY E, listed as Director at Bridger Aerospace Group Holdings, Inc., reported an open-market purchase of 200,000 BAER shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
100,000 |
$1.10 |
$109.7K |
P |
Open-market purchase
|
100,000 |
$1.09 |
$109.4K |
Filing: Form 4 (Insider Transaction)
Insider: KELTER JEFFREY E (Director)
Shares: 200,000
Est. Value: $219.1K
Form 4
Open-market purchase
Insider Buying
2026-08-20
BAER insider KELTER JEFFREY E (Director) bought 300,000 shares (~$354.1K)
KELTER JEFFREY E, listed as Director at Bridger Aerospace Group Holdings, Inc., reported an open-market purchase of 300,000 BAER shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
50,000 |
$1.20 |
$60.2K |
P |
Open-market purchase
|
50,000 |
$1.20 |
$60.2K |
P |
Open-market purchase
|
50,000 |
$1.20 |
$60.2K |
P |
Open-market purchase
|
50,000 |
$1.16 |
$57.9K |
P |
Open-market purchase
|
50,000 |
$1.16 |
$57.9K |
P |
Open-market purchase
|
50,000 |
$1.16 |
$57.8K |
Filing: Form 4 (Insider Transaction)
Insider: KELTER JEFFREY E (Director)
Shares: 300,000
Est. Value: $354.1K
Form 4
Open-market sale
Insider Selling
2026-08-13
BAER insider Blackstone Holdings I L.P. (10% Owner) sold 2,778,124 shares (~$2.89M)
Blackstone Holdings I L.P., listed as 10% Owner at Bridger Aerospace Group Holdings, Inc., reported an open-market sale of 2,778,124 BAER shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
2,710,374 |
$1.04 |
$2.82M |
S |
Open-market sale
|
46,817 |
$1.04 |
$48.7K |
S |
Open-market sale
|
20,933 |
$1.04 |
$21.8K |
Filing: Form 4 (Insider Transaction)
Insider: Blackstone Holdings I L.P. (10% Owner)
Shares: 2,778,124
Est. Value: $2.89M
Form 4
Open-market sale
Insider Selling
2026-08-13
BAER insider Blackstone Holdings II L.P. (10% Owner) sold 2,778,124 shares (~$2.89M)
Blackstone Holdings II L.P., listed as 10% Owner at Bridger Aerospace Group Holdings, Inc., reported an open-market sale of 2,778,124 BAER shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
2,710,374 |
$1.04 |
$2.82M |
S |
Open-market sale
|
46,817 |
$1.04 |
$48.7K |
S |
Open-market sale
|
20,933 |
$1.04 |
$21.8K |
Filing: Form 4 (Insider Transaction)
Insider: Blackstone Holdings II L.P. (10% Owner)
Shares: 2,778,124
Est. Value: $2.89M