DAVIN THOMAS E - 11 Dec 2023 Form 4 Insider Report for BRC Inc. (BRCC)

Role: Co-Chief Executive Officer, Director
Signature: /s/ Andrew McCormick, as attorney-in-fact
Issuer symbol: BRCC
Transactions as of: 11 Dec 2023
Net transactions value: -$1,540,000
Form type: 4
Filing time: 12 Dec 2023, 16:30:41 UTC
Previous filing: 04 May 2023
Next filing: 03 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class B Common Stock	Other	$0	-300,000	-4.1%	$0.000000	7,094,756	11 Dec 2023	Direct	F1, F2
transaction	BRCC	Class B Common Stock	Other	$0	-100,000	-7.7%	$0.000000	1,205,114	11 Dec 2023	Held through an LLC	F1, F2
transaction	BRCC	Class A Common Stock	Conversion of derivative security	$0	+300,000	+1808%	$0.000000	316,597	11 Dec 2023	Direct	F2
transaction	BRCC	Class A Common Stock	Conversion of derivative security	$0	+100,000		$0.000000	100,000	11 Dec 2023	Held through an LLC	F2
transaction	BRCC	Class A Common Stock	Sale	$1,155,000	-300,000	-95%	$3.85	16,597	11 Dec 2023	Direct
transaction	BRCC	Class A Common Stock	Sale	$385,000	-100,000	-100%	$3.85	0	11 Dec 2023	Held through an LLC

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	Common Units	Conversion of derivative security	$0	-300,000	-4.1%	$0.000000	7,094,756	11 Dec 2023	Class A Common Stock	300,000		Direct	F2, F3
transaction	BRCC	Common Units	Conversion of derivative security	$0	-100,000	-7.7%	$0.000000	1,205,114	11 Dec 2023	Class A Common Stock	100,000		Held through an LLC	F2, F3

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

Explanation of Responses:

Id	Content
F1	The reported securities provide no economic rights in BRC Inc. (the "Issuer") to the holder thereof but each share of Class B Common Stock ("Class B Share") entitles the holder to one vote as a common stockholder of the Issuer.
F2	Represents the exchange of an aggregate of 400,000 common units of Authentic Brands LLC for an equivalent number of shares of Class A Common Stock of the Issuer and the forfeiture of an equivalent number of shares of Class B Common Stock of the Issuer.
F3	The reported securities are common units of Authentic Brands LLC (the "Common Units"). These Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of Class B Shares) for an equivalent number of shares of Class A Common Stock of the Issuer (or the cash value thereof, at the election of the Issuer).