| Summary of Common Stock Reconciliation |
The following table presents a reconciliation of Bridge Investment Group Holdings Inc. common stock for the years ended December 31, 2022 and 2021:
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Bridge Investment Group Holdings Inc. |
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Class A
Common
Stock |
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Class A
Restricted
Common
Stock |
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Class B
Common
Stock |
| Balance as of December 31, 2020 |
— |
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— |
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— |
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| Effect of Transactions and IPO |
2,575,859 |
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|
284,790 |
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|
97,463,981 |
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| Class A common stock issued - sold in IPO |
20,166,278 |
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— |
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(10,791,278) |
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| Class A restricted common stock issued |
— |
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2,161,072 |
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— |
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| Class A restricted common stock forfeited |
— |
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(28,200) |
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(398) |
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| Balance as of December 31, 2021 |
22,742,137 |
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2,417,662 |
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86,672,305 |
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| Class A common stock issued - 2019 Profits Interests conversion |
56,134 |
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|
734,290 |
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— |
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| Class A common stock issued - unitholder conversions |
1,387,162 |
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— |
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(1,371,178) |
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| Class A restricted common stock issued |
— |
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2,269,349 |
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— |
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| Class A restricted common stock forfeited |
— |
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(118,213) |
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— |
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| Class A restricted common stock vested |
299,152 |
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(299,152) |
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— |
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| Balance as of December 31, 2022 |
24,484,585 |
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5,003,936 |
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85,301,127 |
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The following table presents a reconciliation of the Operating Company’s Class A and Class B Units for the years ended December 31, 2022 and 2021:
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Bridge Investment Group Holdings LLC |
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Class A
Units |
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Class B
Units |
| Balance as of December 31, 2020 |
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75,718,797 |
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— |
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| Equity reallocation prior to Transactions and IPO |
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5,063,980 |
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97,463,981 |
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| Effect of Transactions and purchase of units in the partnerships |
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19,541,455 |
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— |
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| Purchase of partnership interests with IPO net proceeds |
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9,375,000 |
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— |
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| Balance as of December 31, 2021 |
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109,699,232 |
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97,463,981 |
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| Issuance of Class A Units |
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14,760,227 |
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— |
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| Forfeiture of unvested Class A Units |
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(13,788) |
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— |
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| Balance as of December 31, 2022 |
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124,445,671 |
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97,463,981 |
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| Summary of Dividends Declared |
During the years ended December 31, 2022 and 2021, the Company declared and paid the following dividends on our Class A common stock (dollars in thousands, except per share amounts):
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| Dividend Record Date |
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Dividend Payment Date |
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Dividend per Share of Common Stock |
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Dividend to Common Stockholders |
| March 11, 2022 |
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March 25, 2022 |
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$ |
0.21 |
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$ |
5,917 |
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| June 3, 2022 |
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June 17, 2022 |
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0.26 |
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7,614 |
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| September 2, 2022 |
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September 16, 2022 |
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0.30 |
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8,861 |
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| December 2, 2022 |
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December 16, 2022 |
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0.27 |
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7,831 |
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$ |
1.04 |
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$ |
30,223 |
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| December 3, 2021 |
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December 17, 2021 |
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$ |
0.24 |
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$ |
6,042 |
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