A group of Blackstone-affiliated entities, led by Blackstone Holdings II L.P., filed a Form 4 on August 13, 2026, reporting the sale of Bridger Aerospace Group Holdings, Inc. common stock on August 11, 2026.

Key Highlights

  • Three disposal transactions: The reporting persons disposed of 2,710,374 shares, 46,817 shares, and 20,933 shares of Bridger Aerospace common stock, all on August 11, 2026.
  • Weighted average price: All three transactions were reported at a weighted average price of $1.0405 per share, with individual sale prices ranging from $1.00 to $1.29, inclusive.
  • Remaining beneficial ownership: Following the transactions, the reporting persons indirectly beneficially owned 4,825,856 shares, 83,358 shares, and 37,272 shares, respectively, across three holding entities.
  • 10% Owner status: Each reporting person is identified as a 10% owner of Bridger Aerospace Group Holdings, Inc.
  • Nine reporting persons: The filing covers nine affiliated entities and individuals, including Blackstone Inc., Blackstone Group Management L.L.C., and Stephen A. Schwarzman.
  • Beneficial ownership disclaimers: Each reporting person, according to the filing, "disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein."

Blackstone Affiliates Report Indirect Sales of Bridger Aerospace Common Stock

According to the filing, Blackstone Holdings II L.P. and eight affiliated reporting persons reported sales of common stock in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) on August 11, 2026. The three disposal transactions covered shares held indirectly through three separate holding vehicles: BTO Grannus Holdings IV - NQ LLC, Blackstone Tactical Opportunities Fund - FD L.P., and Blackstone Family Tactical Opportunities Investment Partnership III - NQ - ESC L.P.

The filing disclosed that all shares were sold at a weighted average price of $1.0405, with transactions occurring at prices ranging from $1.00 to $1.29, inclusive. The reporting persons noted that full information on the number of shares sold at each separate price within that range will be provided upon request to the issuer, any security holder, or the SEC staff. The ownership reported following each transaction is indirect in all three cases.

The filing identifies a layered ownership and control structure connecting each holding entity up through Blackstone Holdings I L.P. and Blackstone Holdings II L.P. to Blackstone Inc., whose Series II preferred stock is held by Blackstone Group Management L.L.C. According to the filing, Blackstone Group Management L.L.C. "is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman." The filing also notes that because more than ten reporting persons are involved, certain affiliates filed separate Forms 4 through the SEC's EDGAR system.

What Was Disclosed

The filing reported the disposal of a combined total of 2,778,124 shares of Bridger Aerospace common stock by Blackstone-affiliated entities on August 11, 2026, at a weighted average price of $1.0405, with post-transaction indirect beneficial ownership positions also reported.