| 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, 2023 and 2022:
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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, 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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| Class A common stock issued - 2020 and 2021 profits interests conversion |
73,894 |
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1,217,440 |
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— |
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| Class A common stock issued - unitholder conversions |
5,015,245 |
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— |
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(4,637,367) |
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| Class A restricted common stock issued |
— |
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2,426,034 |
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— |
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| Class A restricted common stock vested |
699,789 |
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(699,789) |
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— |
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| Class A restricted common stock forfeited |
— |
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(391,245) |
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— |
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| Class B common stock forfeited |
— |
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— |
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(45,052) |
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| Balance as of December 31, 2023 |
30,273,513 |
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7,556,376 |
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80,618,708 |
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The following table presents a reconciliation of the Operating Company’s Class A Units and Class B Units for the years ended December 31, 2023 and 2022:
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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, 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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| Issuance of Class A Units |
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5,772,268 |
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— |
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| Forfeiture of unvested Class A Units |
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(133,354) |
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— |
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| Balance as of December 31, 2023 |
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130,084,585 |
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97,463,981 |
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| Summary of Dividends Declared |
During the years ended December 31, 2023 and 2022, 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 10, 2023 |
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March 24, 2023 |
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$ |
0.17 |
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$ |
5,541 |
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| June 2, 2023 |
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June 16, 2023 |
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0.15 |
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4,850 |
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| September 1, 2023 |
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September 15, 2023 |
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0.17 |
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5,805 |
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| December 1, 2023 |
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December 15, 2023 |
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0.17 |
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5,733 |
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$ |
0.66 |
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$ |
21,929 |
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| 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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