Steven Taslitz - May 6, 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 6, 2022
Transactions value $
$0
Form type
4
Date filed
5/10/2022, 09:13 PM
Previous filing
May 4, 2022
Next filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRCC Class B Common Stock Other +15 +0.4% 3.72K May 6, 2022 Direct F1, F2
transaction BRCC Class B Common Stock Other +8.79K +0.52% 1.69M May 6, 2022 By Trust 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 +15 +0.4% 3.72K May 6, 2022 Class A Common Stock 15 Direct F2, F3
transaction BRCC Common Units Other +8.79K +0.52% 1.69M May 6, 2022 Class A Common Stock 8.79K By Trust 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).