Thomas E. Davin - Sep 9, 2024 Form 4 Insider Report for BRC Inc. (BRCC)

Role: Director, 10%+ Owner
Signature: /s/ Andrew McCormick, as attorney-in-fact
Stock symbol: BRCC
Transactions as of: Sep 9, 2024
Transactions value $: -$100,722
Form type: 4
Date filed: 9/11/2024, 07:53 PM
Previous filing: May 3, 2024
Next filing: Sep 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class B Common Stock	Other	$0	-10.9K	-0.15%	$0.00	7.08M	Sep 9, 2024	Direct	F1, F2
transaction	BRCC	Class B Common Stock	Other	$0	-15.5K	-1.28%	$0.00	1.2M	Sep 9, 2024	Held through an LLC	F1, F2
transaction	BRCC	Class A Common Stock	Conversion of derivative security	$0	+10.9K	+68.66%	$0.00	26.7K	Sep 9, 2024	Direct	F2
transaction	BRCC	Class A Common Stock	Conversion of derivative security	$0	+15.5K		$0.00	15.5K	Sep 9, 2024	Held through an LLC	F2
transaction	BRCC	Class A Common Stock	Sale	-$41.5K	-10.9K	-40.71%	$3.81	15.9K	Sep 9, 2024	Direct
transaction	BRCC	Class A Common Stock	Sale	-$59.2K	-15.5K	-100%	$3.81	0	Sep 9, 2024	Held through an LLC

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	Conversion of derivative security	$0	-10.9K	-0.15%	$0.00	7.08M	Sep 9, 2024	Class A Common Stock	10.9K		Direct	F2, F3
transaction	BRCC	Common Units	Conversion of derivative security	$0	-15.5K	-1.28%	$0.00	1.2M	Sep 9, 2024	Class A Common Stock	15.5K		Held through an LLC	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	Represents the exchange of an aggregate of 26,428 common units of Authentic Brands LLC (the "Common Units") for an equivalent number of shares of Class A Common Stock of the Issuer and the forfeiture of an equivalent number of Class B Shares of the Issuer.
F3	The Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of Class B Shares), at any time and from time to time, 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).