Glenn W. Welling - Dec 13, 2022 Form 4 Insider Report for BRC Inc. (BRCC)

Role: Director, 10%+ Owner
Signature: /s/ Glenn W. Welling
Stock symbol: BRCC
Transactions as of: Dec 13, 2022
Transactions value $: $242,593
Form type: 4
Date filed: 12/15/2022, 05:20 PM
Previous filing: Dec 12, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class A Common Stock	Purchase	$50.8K	+7.82K	+0.93%	$6.50	851K	Dec 13, 2022	By: Managed Account of Engaged Capital, LLC	F1, F2
transaction	BRCC	Class A Common Stock	Purchase	$97.5K	+15K	+1.76%	$6.50	866K	Dec 14, 2022	By: Managed Account of Engaged Capital, LLC	F1, F2
transaction	BRCC	Class A Common Stock	Purchase	$94.3K	+14.5K	+1.67%	$6.52	880K	Dec 15, 2022	By: Managed Account of Engaged Capital, LLC	F1, F2
holding	BRCC	Class A Common Stock						32.1K	Dec 13, 2022	Direct	F1
holding	BRCC	Class A Common Stock						12.5M	Dec 13, 2022	By: Engaged Capital Flagship Master Fund, LP	F1, F3
holding	BRCC	Class A Common Stock						506K	Dec 13, 2022	By: Welling Family Trust	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), Engaged Capital Flagship Fund, LP ("Engaged Capital Fund"), Engaged Capital Flagship Fund, Ltd. ("Engaged Capital Offshore"), Engaged Capital, LLC ("Engaged Capital"), Engaged Capital Holdings, LLC ("Engaged Holdings") and Glenn W. Welling (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of BRC Inc.'s (the "Issuer") outstanding Class A Common Stock. Mr. Welling is a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2	Securities held in an account separately managed by Engaged Capital (the "Engaged Capital Account"). Engaged Capital, as the investment adviser of the Engaged Capital Account, may be deemed to beneficially own the securities held in the Engaged Capital Account. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities held in the Engaged Capital Account. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities held in the Engaged Capital Account.
F3	Securities owned directly by Engaged Capital Flagship Master. As feeder funds of Engaged Capital Flagship Master, each of Engaged Capital Fund and Engaged Capital Offshore may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
F4	Securities held in the Welling Family Trust. Mr. Welling, as Trustee of the Welling Family Trust, may be deemed to beneficially own the securities held in the Welling Family Trust.