| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BRCC | Class A Common Stock | Purchase | $2.17M | +685K | +5.33% | $3.17 | 13.5M | Sep 13, 2024 | By: Engaged Capital Flagship Master Fund, LP | F1, F2, F3 |
| holding | BRCC | Class A Common Stock | 122K | Sep 13, 2024 | Direct | F1 | |||||
| holding | BRCC | Class A Common Stock | 506K | Sep 13, 2024 | By: Welling Family Trust | F1, F4 |
| Id | Content |
|---|---|
| F1 | This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), 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 | On September 13, 2024, Engaged Capital Flagship Master entered into a Stock Purchase Agreement (the "Purchase Agreement") with EKNRH Holdings LLC, an entity controlled by Evan Hafer, the Executive Chair of the Issuer, whereby Engaged Capital Flagship Master agreed to purchase 684,542 shares of Class A Common Stock at a price of $3.17 per share. Pursuant to the Purchase Agreement, settlement of the transaction shall occur within two business days of the date thereof. |
| F3 | 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. |