Stephen M. Kadenacy - Sep 18, 2023 Form 4 Insider Report for BRC Inc. (BRCC)

Role: CFO
Signature: /s/ Andrew McCormick, as attorney-in-fact
Stock symbol: BRCC
Transactions as of: Sep 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/20/2023, 05:39 PM
Next filing: Sep 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class A Common Stock	Award	$0	+188K	+28.14%	$0.00	854K	Sep 18, 2023	Direct	F1
holding	BRCC	Class A Common Stock						182K	Sep 18, 2023	By family trust

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	BRCC	Stock Option (right to buy)	Award	$0	+1M		$0.00	1M	Sep 18, 2023	Class A Common Stock	1M	$4.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents awards of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc. that vest in three equal annual installments beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock upon settlement for no consideration.
F2	The stock option vests in three equal annual installments beginning on the first anniversary of the grant date.