Gregory James Iverson - May 6, 2022 Form 4 Insider Report for BRC Inc. (BRCC)

Role: Chief Financial Officer
Signature: /s/ Gregory Iverson
Stock symbol: BRCC
Transactions as of: May 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/10/2022, 09:09 PM
Previous filing: May 4, 2022
Next filing: Apr 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class B Common Stock	Other		+7.43K	+0.51%		1.47M	May 6, 2022	Direct	F1, F2

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	Other		+7.43K	+0.51%		1.47M	May 6, 2022	Class A Common Stock	7.43K		Direct	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	The securities were issued following the satisfaction of certain conditions set forth in the Business Combination Agreement, dated as of November 2, 2021, as amended by the First Amendment to Business Combination Agreement, dated as of January 4, 2022, each by and among the Issuer, SilverBox Engaged Merger Corp I, Authentic Brands LLC ("Authentic Brands") and certain other parties thereto.
F3	The reported securities are common units of Authentic Brands LLC. Beginning on the earlier of August 9, 2022 or such earlier expiration of the lock-up period set forth in an agreement between the Issuer and the Reporting Person, 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).