Gregory James Iverson - Apr 21, 2023 Form 4 Insider Report for BRC Inc. (BRCC)

Role
Chief Financial Officer
Signature
/s/ Andrew McCormick, as attorney-in-fact
Stock symbol
BRCC
Transactions as of
Apr 21, 2023
Transactions value $
$0
Form type
4
Date filed
4/25/2023, 05:35 PM
Previous filing
Apr 25, 2023
Next filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRCC Class A Common Stock Award $0 +76.2K +435.64% $0.00 93.7K Apr 21, 2023 Direct F1

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 Stock Option (right to buy) Award $0 +189K $0.00 189K Apr 21, 2023 Class A Common Stock 189K $5.05 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents awards in the form of 76,237 restricted stock units ("RSUs") under the Omnibus Incentive Plan of BRC Inc. (the "Issuer"), of which 34,653 vest ratably one third on each anniversary of the grant date and 41,584 vest in full on the first anniversary of the grant date. Each RSU 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 deliver to the Reporting Person following vesting.
F2 The option vests in equal installments for a period of three years from the grant date.