Form 4: BBAI Ultimate Holdings, LLC Reports Acquisition of Restricted Stock Units in BigBear.ai Holdings, Inc.
SEC Form 4 Filing
BBAI Ultimate Holdings, LLC reports the acquisition of 43,878 restricted stock units in BigBear.ai Holdings, Inc. through grants to board members, with vesting occurring over the next several quarters.
Summary
- BBAI Ultimate Holdings, LLC filed a Form 4 disclosing the acquisition of 43,878 restricted stock units (RSUs) in BigBear.ai Holdings, Inc. on January 22, 2025.
- The RSUs were granted to Kirk Michael Konert and Jeffrey Hart, members of BigBear.ai's board of directors, and will be assigned to AE Industrial Partners, LP.
- The RSUs vest in four tranches: 10,969 on January 31, 2025, 10,971 on March 31, 2025, 10,969 on June 30, 2025, and 10,969 on September 30, 2025.
- Following the transaction, BBAI Ultimate Holdings, LLC beneficially owns 64,201,699 shares of BigBear.ai Holdings, Inc. indirectly.
- AE Industrial Partners, LP, along with related entities and individuals, disclaims beneficial ownership of the shares except to the extent of their pecuniary interest.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to equity compensation. The involvement of AE Industrial Partners suggests continued support, but there's no explicit positive or negative news.
Positives
- The acquisition of RSUs by a major shareholder could be seen as a sign of confidence in the company's future prospects.
Future Outlook
The vesting of the RSUs over the next several quarters suggests a continued alignment of interests between the board members, AE Industrial Partners, and the company's performance.
Industry Context
This filing is a routine disclosure related to equity compensation for board members, which is a common practice in publicly traded companies. The involvement of AE Industrial Partners, a private equity firm, suggests a continued active role in the strategic direction of BigBear.ai.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of transaction (grant of RSUs) |
| 01/31/2025 | First vesting date for 10,969 RSUs |
| 03/31/2025 | Second vesting date for 10,971 RSUs |
| 06/30/2025 | Third vesting date for 10,969 RSUs |
| 09/30/2025 | Fourth vesting date for 10,969 RSUs |
| 01/23/2025 | Date of signature on the Form 4 filing |
Keywords
BBAI, BigBear.ai, Restricted Stock Units, RSU, Beneficial Ownership, AE Industrial Partners, Form 4, Securities
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