Monitor for actual execution of the sale and any additional Form 144 or Form 4 filings from Blackstone affiliates. The pattern of sustained insider selling from a major equityholder suggests potential continued distribution, which could weigh on BAER's stock price. Watch for any public statements from the company or Blackstone regarding their ownership intentions.
Price Chart
Executive Summary
Blackstone Tactical Opportunities Fund - FD L.P., a significant equityholder of Bridger Aerospace, filed a Form 144 on August 11, 2026, signaling intent to sell 46,817 shares of common stock valued at approximately $64,139. This follows recent insider selling of $6.5M over the past 30 days, creating a pattern of affiliate distribution that may pressure the stock given the company's $76M market cap and the fund's large remaining position (1,853,665 shares recently transferred from an affiliate). The filing is notable for the seller's status as a major insider and the context of ongoing selling activity, but the proposed amount is small relative to the fund's total holdings and the company's market cap.
Key Facts
- Blackstone Tactical Opportunities Fund - FD L.P. filed Form 144 to sell 46,817 shares of BAER common stock.
- The proposed sale value is approximately $64,139 based on an estimated market price of ~$1.37 per share.
- The shares were acquired on January 24, 2023, in connection with a business combination.
- The seller is a significant equityholder of the issuer, per the filing remarks.
- Recent insider activity shows 6 sells totaling $6.5M over the past 30 days.
- The filing is part of a batch of 2 identical Form 144 filings from the same entity on the same date.
Financial Impact
Proposed sale of 46,817 shares valued at ~$64,139, representing approximately 0.08% of the $76M market cap.
Risk Factors
- Continued insider selling from major equityholder Blackstone could pressure the stock.
- The company's small market cap ($76M) makes it sensitive to even modest selling volume.
- The Form 144 is only an intent to sell; the actual sale may not occur.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (BAER) — Batch item 1 | 0001193125-26-345459 |
| Document: 0001193125-26-345459-index.html | 0001193125-26-345459 |
| Document: 0001193125-26-345459.txt | 0001193125-26-345459 |
| 144 Filing (BAER) — Batch item 4 | 0001193125-26-345459 |
| Document: 0001193125-26-345459-index.html | 0001193125-26-345459 |
| Document: 0001193125-26-345459.txt | 0001193125-26-345459 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $0.4886 | awaiting T+20 | — | $0.4650 (−4.83%) |
Oct 27, 2026 today | Press Release | $0.4800 | awaiting T+20 | — | $0.4650 (−3.12%) |
Oct 15, 2026 12d ago | Press Release | $0.5111 | awaiting T+20 | — | $0.4650 (−9.02%) |
Sep 3, 2026 7w ago | Press Release | $1.09 $0.6800 | ▼ −37.61% | ▼ −36.43% | $0.4650 (−57.34%) |
Aug 25, 2026 8w ago | 144 | $1.16 $0.8300 | ▲ +28.45% | ▲ +28.67% | $0.4650 (+59.91%) |
Aug 17, 2026 10w ago | 144 | $1.16 $0.9922 | ▲ +14.47% | ▲ +12.72% | $0.4650 (+59.91%) |
Aug 13, 2026 10w ago | Insider Cluster | $1.25 $1.02 | ▲ +18.40% | ▲ +16.41% | $0.4650 (+62.80%) |
Aug 11, 2026 10w ago | 144 | $1.20 $1.04 | ▲ +13.33% | ▲ +11.44% | $0.4650 (+61.25%) |
Aug 6, 2026 11w ago | Insider Cluster | $1.26 $1.12 | ▲ +11.51% | ▲ +11.11% | $0.4650 (+63.10%) |
Aug 4, 2026 11w ago | 144 | $1.78 $1.06 | ▲ +40.45% | ▲ +39.85% | $0.4650 (+73.88%) |
US Market Status
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