BBAI · BigBear.ai Holdings, Inc. · Insider Trading

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on August 13, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Includes 2,552 shares acquired under the BigBear.ai Holdings, Inc. Employee Stock Purchase Plan on May 29, 2026.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date.

The reported restricted stock units ("RSU") were granted to Kirk Michael Konert on June 14, 2026 in his capacity as a member of the issuer's board of directors. Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on June 14, 2026, vest on June 14, 2027, and shall be settled within sixty days of the vesting date. The reported RSUs will be assigned to AE Industrial Partners, LP. Prior to such vesting and assignment, Kirk Michael Konert will hold the reported securities for the benefit of AE Industrial Partners, LP and he will disclaim all right title and interest in such securities.

Each of the foregoing entities and individuals disclaims beneficial ownership of the shares reported hereby, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Voting and dispositive power with respect to the shares of common stock held of record by BBAI Ultimate Holdings, LLC and Pangiam Ultimate Holdings, LLC is exercised by Michael R. Greene and David H. Rowe, the managing members and control persons of AeroEquity GP, LLC, which is the general partner of AE Industrial Partners Fund II GP, LP ("AE Fund II GP"). AE Industrial Partners Fund II-B, LP ("AE Fund II-B"), AE Industrial Partners Fund II, LP ("AE Fund II LP") and AE Industrial Partners Fund II-A, LP ("AE Fund II-A" and together with AE Fund II-B and AE Fund II LP, the "AE Funds") are the controlling equityholders of BBAI Ultimate Holdings, LLC and Pangiam Ultimate Holdings, LLC. AE Fund II GP is the general partner of each of the AE Funds. Each of the foregoing is an "AE Party" and collectively, the "AE Parties."

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Includes 3,465 shares acquired under the BigBear.ai Holdings, Inc. Employee Stock Purchase Plan on May 29, 2026.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on March 26, 2026 and vest as follows: 25% of the RSUs will vest on March 26, 2027 and the remaining 75% will vest in equal quarterly installments on the last day of each calendar quarter thereafter, such that the entire award will be vested on December 31, 2029 (subject to the reporting person's continued employment through each vesting date).

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on March 26, 2026 and vest as follows: 25% of the RSUs will vest on March 26, 2027 and the remaining 75% will vest in equal quarterly installments on the last day of each calendar quarter thereafter, such that the entire award will be vested on December 31, 2029 (subject to the reporting person's continued employment through each vesting date).

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on March 26, 2026 and vest as follows: 25% of the RSUs will vest on March 26, 2027 and the remaining 75% will vest in equal quarterly installments on the last day of each calendar quarter thereafter, such that the entire award will be vested on December 31, 2029 (subject to the reporting person's continued employment through each vesting date).

Represents shares withheld to satisfy tax withholding obligations on vesting of performance stock units.

Represents Performance Stock Units (PSUs) awarded upon the achievement of certain performance metrics.

Represents shares withheld to satisfy tax withholding obligations on vesting of performance stock units.

Represents Performance Stock Units (PSUs) awarded upon the achievement of certain performance metrics.

Represents Performance Stock Units (PSUs) awarded upon the achievement of certain performance metrics.

Represents shares withheld to satisfy tax withholding obligations on vesting of performance stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Includes 3,222 shares acquired under the BigBear.ai Holdings, Inc. Employee Stock Purchase Plan on December 1, 2025.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on December 19, 2025. 4,663 of the RSUs will vest on January 31, 2026, 4,662 of the RSUs will vest on March 31, 2026, 4,663 of the RSUs will vest on June 30, 2026, and 4,662 of the RSUs will vest on September 30, 2026.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Includes 3,996 shares acquired under the BigBear.ai Holdings, Inc. Employee Stock Purchase Plan on December 1, 2025.

Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Common Stock, subject to the Reporting Person's continued service through the vesting date. The reported RSUs were granted on October 14, 2025. 100,000 of the RSUs will vest on October 14, 2026 and the remaining 100,000 RSUs will vest on October 14, 2027.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

Represents shares withheld to satisfy tax withholding obligations on vesting of restricted stock units.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.83 to $5.84. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1 to this Form 4.