BETH J. KAPLAN - 27 Sep 2021 Form 4 Insider Report for Brilliant Earth Group, Inc. (BRLT)

Role
Director
Signature
/s/ Jeffrey Kuo as Attorney-in-fact for Beth J. Kaplan
Issuer symbol
BRLT
Transactions as of
27 Sep 2021
Net transactions value
+$59,277
Form type
4
Filing time
28 Sep 2021, 21:17:31 UTC
Previous filing
23 Sep 2021
Next filing
04 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRLT Class A Common Stock Award $72,000 +6,000 $12.00 6,000 27 Sep 2021 Direct
transaction BRLT Class B Common Stock Disposed to Issuer $0 -1,134 -1.4% $0.000000 77,149 27 Sep 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRLT Common Units Disposed to Issuer $12,723 -1,134 -0.44% $11.22 255,066 27 Sep 2021 Class A Common Stock 1,134 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the cancellation for no consideration of Class B Common Stock in connection with the redemption of the Common Units for cash.
F2 The Common Units may be redeemed by the Reporting Person at any time for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forefeited in connection with the redemption. The Common Units have no expiration date.
F3 As described in the prospectus filed by the Issuer with the Securities and Exchange Commission, upon the closing of the initial public offering and the underwriters' exercise of the additional shares, the Issuer redeemed the Common Units from the Reporting Person.
F4 A portion of the Common Units vested immediately upon issuance. The remaining non-vested Common Units vest as to 1/36th of the underlying shares in 25 substantially equal monthly installments, commencing on September 30, 2021, such that the Common Units will become fully vested on September 30, 2023.

Remarks:

Exhibit 24 - Power of Attorney.