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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
12 Dec 2023, 16:30:41 UTC
Prior SEC filing
04 May 2023
Next SEC filing
03 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Andrew McCormick, as attorney-in-fact

Key filing fact

Thomas E. Davin filed Form 4 for BRC Inc. (BRCC) on 12 Dec 2023.

Key facts

  • This page summarizes Thomas E. Davin's Form 4 filing for BRC Inc. (BRCC).
  • 8 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 12 Dec 2023, 16:30.

Change

  • Previous filing in this sequence was filed on 04 May 2023.
  • Current net transaction value: -$1,540,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BRCC transaction

Class B Common Stock

Other

Transaction value
$0
Shares
-300,000
Change %
-4.1%
Price
$0.000000
Shares after
7,094,756
Date
11 Dec 2023
Ownership
Direct
Footnotes
F1, F2
BRCC transaction

Class B Common Stock

Other

Transaction value
$0
Shares
-100,000
Change %
-7.7%
Price
$0.000000
Shares after
1,205,114
Date
11 Dec 2023
Ownership
Held through an LLC
Footnotes
F1, F2
BRCC transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+300,000
Change %
+1808%
Price
$0.000000
Shares after
316,597
Date
11 Dec 2023
Ownership
Direct
Footnotes
F2
BRCC transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+100,000
Change %
Price
$0.000000
Shares after
100,000
Date
11 Dec 2023
Ownership
Held through an LLC
Footnotes
F2
BRCC transaction

Class A Common Stock

Sale

Transaction value
$1,155,000
Shares
-300,000
Change %
-95%
Price
$3.85
Shares after
16,597
Date
11 Dec 2023
Ownership
Direct
BRCC transaction

Class A Common Stock

Sale

Transaction value
$385,000
Shares
-100,000
Change %
-100%
Price
$3.85
Shares after
0
Date
11 Dec 2023
Ownership
Held through an LLC

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BRCC transaction Derivative

Common Units

Conversion of derivative security

Transaction value
$0
Shares
-300,000
Change %
-4.1%
Price
$0.000000
Shares after
7,094,756
Date
11 Dec 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
300,000
Exercise price
Footnotes
F2, F3
BRCC transaction Derivative

Common Units

Conversion of derivative security

Transaction value
$0
Shares
-100,000
Change %
-7.7%
Price
$0.000000
Shares after
1,205,114
Date
11 Dec 2023
Ownership
Held through an LLC
Underlying class
Class A Common Stock
Underlying amount
100,000
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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).

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