Silverbox Engaged Sponsor Llc - Apr 5, 2022 Form 4 Insider Report for BRC Inc. (BRCC)

Role: 10%+ Owner
Signature: Joseph Reece, as Authorized Signatory of SilverBox Capital LLC, as managing member SilverBox Engaged Sponsor LLC
Stock symbol: BRCC
Transactions as of: Apr 5, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/12/2022, 08:15 PM
Previous filing: Feb 9, 2022
Next filing: May 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class A Common Stock	Other		+1.24M	+25.79%		6.05M	Apr 5, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of Class C common stock converted into shares of Class A common stock of BRC Inc. ("BRC") pursuant to the Business Combination Agreement, dated as of November 2, 2021, by and among the Issuer, Authentic Brands LLC, BRC and the other entities party thereto and the Sponsor Letter Agreement, dated as of November 2, 2021, by and among the Issuer, Authentic Brands LLC, BRC and SilverBox Engaged Sponsor LLC.
F2	SilverBox Capital LLC is the managing member of SilverBox Engaged Sponsor LLC, and Mr. Reece and Mr. Kadenacy are each a principal of SilverBox Capital LLC. As such, they may be deemed to have or share beneficial ownership of the Class A common stock held directly by SilverBox Engaged Sponsor LLC. Such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest such person may have therein, directly or indirectly.

Content

Represents shares of Class C common stock converted into shares of Class A common stock of BRC Inc. ("BRC") pursuant to the Business Combination Agreement, dated as of November 2, 2021, by and among the Issuer, Authentic Brands LLC, BRC and the other entities party thereto and the Sponsor Letter Agreement, dated as of November 2, 2021, by and among the Issuer, Authentic Brands LLC, BRC and SilverBox Engaged Sponsor LLC.

SilverBox Capital LLC is the managing member of SilverBox Engaged Sponsor LLC, and Mr. Reece and Mr. Kadenacy are each a principal of SilverBox Capital LLC. As such, they may be deemed to have or share beneficial ownership of the Class A common stock held directly by SilverBox Engaged Sponsor LLC. Such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest such person may have therein, directly or indirectly.