Form 4: Bridger Aerospace Director Matthew Sheehy Gifts Shares to Family Trusts
SEC Form 4 Filing
Matthew Sheehy, a director and 10% owner of Bridger Aerospace Group Holdings, Inc., gifted a total of 2,540,000 shares of common stock to irrevocable family trusts on August 16, 2024.
Summary
- On August 16, 2024, Matthew Sheehy, a director and significant shareholder of Bridger Aerospace Group Holdings, Inc. (BAER), gifted 2,000,000 shares of common stock to one irrevocable trust and 540,000 shares to another, both for the benefit of his family.
- The gifts were executed at a price of $0 per share.
- Following these transactions, Sheehy continues to hold shares indirectly through Red Cloud Holding Investments, LLC (5,717,534 shares), Matthew P. Sheehy Revocable Trust (155,327 shares), and ElementCompany, LLC (1,903,561 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a share transfer. It doesn't inherently convey positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Share gifting is a common estate planning strategy employed by high-net-worth individuals and corporate insiders.
Stakeholder Impact
- The gifting of shares to family trusts may have a minor impact on the overall shareholder structure, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of the share gifting transaction. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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