B. Riley Financial, Inc. — Director's Dealing 2021

Mar 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Babcock & Wilcox Enterprises, Inc. (BW)
CIK: 0001630805
Period of Report: 2021-03-25

Reporting Person: B. Riley Financial, Inc. (Director, 10% Owner)
Reporting Person: BRC Partners Opportunity Fund, LP (Director, 10% Owner)
Reporting Person: BRC Partners Management GP, LLC (Director, 10% Owner)
Reporting Person: B. RILEY CAPITAL MANAGEMENT, LLC (Director, 10% Owner)
Reporting Person: B. Riley Securities, Inc. (Director, 10% Owner)
Reporting Person: RILEY BRYANT R (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-25	Common Stock, $0.01 par value per share	P	10720785	$6.04	Acquired	21640014	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	3405659	Indirect
Common Stock, $0.01 par value per share	2245764	Indirect
Common Stock, $0.01 par value per share	176424	Direct
Common Stock, $0.01 par value per share	37353	Indirect
Common Stock, $0.01 par value per share	33402	Indirect
Common Stock, $0.01 par value per share	31416	Indirect
Common Stock, $0.01 par value per share	33402	Indirect
Common Stock, $0.01 par value per share	33404	Indirect

Footnotes

F1: This Form 4 is being filed jointly by BRF, B. Riley Securities, Inc., a Delaware corporation ("BRS"), BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM, a registered investment advisor, and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRPGP, BRCM and BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRS. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRS.

F2: Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRF, BRS and BRPLP. Each of BRF, BRS, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") and Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.

F3: Represents shares held directly by Bryant R. Riley.