BAER.NASDAQBridger Aerospace Group Holdings, INC

Form 4: Bridger Aerospace Interim CEO Samuel Carl Davis Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Interim CEO of Bridger Aerospace, Samuel Carl Davis, sold shares of common stock between September 16 and September 18, 2024, to cover tax obligations related to the settlement of restricted stock units.

Summary

  • Samuel Carl Davis, the Interim CEO of Bridger Aerospace Group Holdings, Inc., sold shares of the company's common stock on September 16, 17, and 18, 2024.
  • The sales were executed to cover tax obligations incurred from the settlement of previously-granted and vested restricted stock units.
  • On September 16, 2024, 19,323 shares were sold at a weighted average price of $2.56.
  • On September 17, 2024, 2,399 shares were sold at a weighted average price of $2.64.
  • On September 18, 2024, 3,914 shares were sold at a weighted average price of $2.71.
  • Following these transactions, Davis directly owns 468,039 shares of Bridger Aerospace Group Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

  • The share sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates

DateDescription
09/16/2024Samuel Carl Davis sold 19,323 shares of common stock at a weighted average price of $2.56.
09/17/2024Samuel Carl Davis sold 2,399 shares of common stock at a weighted average price of $2.64.
09/18/2024Samuel Carl Davis sold 3,914 shares of common stock at a weighted average price of $2.71.

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