Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 13, 2026, the Board of Directors (the "Board") of BigBear.ai Holdings, Inc., a Delaware corporation (the "Corporation") elected Ret. Lt. Gen. Sean Gainey to serve on the Board and its Nominating and Corporate Governance Committee.

From January 2024 through April 2026, Mr. Gainey was a Commander, Three Star General in the United States Army Space and Missile Defense Command and Joint Task Force Gold, where he led two teams responsible for Army and joint force Space and Missile Defense. Prior to that, Mr. Gainey served for four years as Director, Joint Counter Unmanned Aerial System Office in the Department of Defense, where he established a new joint organization to defeat the Unmanned Aerial System (Drone) threat. From 2015 to 2020, Mr. Gainey held various positions within the United States Army, including Deputy Commander, Commander and Director, Joint Staff.

Mr. Gainey will receive compensation pursuant to the Corporation's customary director compensation policy, as described in the Corporation's definitive proxy statement for the 2026 Annual Meeting of Stockholders, filed with the SEC on April 28, 2026, under the heading "Non-Employee Director Compensation," including the annual restricted stock unit award described therein prorated to Mr. Gainey's date of election.

Mr. Gainey has executed the Corporation's standard indemnification agreement for directors, the updated form of which is filed herewith as Exhibit 10.1.

There is no arrangement or understanding between Mr. Gainey and any other person pursuant to which Mr. Gainey was selected as a director. Mr. Gainey is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K pursuant to the Securities Act of 1933, as amended. There are no family relationships between Mr. Gainey and any director or executive officer of the Corporation.