Smith Roland - May 2, 2022 Form 4 Insider Report for BRC Inc. (BRCC)

Role: Director
Signature: /s/ Gregory Iverson, as attorney-in-fact
Stock symbol: BRCC
Transactions as of: May 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/4/2022, 09:06 PM
Previous filing: Feb 9, 2022
Next filing: Jul 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class A Common Stock	Award	$0	+31.8K		$0.00	31.8K	May 2, 2022	Direct	F1

* 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 ("RSUs") under the 2022 Omnibus Incentive Plan of BRC Inc. (the "Issuer"), in the form of (i) 15,000 restricted stock units that vest ratably one third on each anniversary of the grant date, (ii) 3,650 restricted stock units that vest in equal quarterly installments until the first anniversary of the grant date and (iii) 13,120 restricted stock units that vest on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person following vesting.

Content

Represents awards of restricted stock units ("RSUs") under the 2022 Omnibus Incentive Plan of BRC Inc. (the "Issuer"), in the form of (i) 15,000 restricted stock units that vest ratably one third on each anniversary of the grant date, (ii) 3,650 restricted stock units that vest in equal quarterly installments until the first anniversary of the grant date and (iii) 13,120 restricted stock units that vest on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person following vesting.