THOMAS E. DAVIN - 10 Sep 2024 Form 4 Insider Report for BRC Inc. (BRCC)

Role
Director, 10%+ Owner
Signature
/s/ Andrew McCormick, as attorney-in-fact
Issuer symbol
BRCC
Transactions as of
10 Sep 2024
Transactions value $
-$156,915
Form type
4
Filing time
12 Sep 2024, 14:35:09 UTC
Previous filing
11 Sep 2024
Next filing
16 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRCC Class B Common Stock Other $0 -17.2K -0.24% $0.00 7.07M 10 Sep 2024 Direct F1, F2
transaction BRCC Class B Common Stock Other $0 -24.6K -2.06% $0.00 1.17M 10 Sep 2024 Held through an LLC F1, F2
transaction BRCC Class A Common Stock Conversion of derivative security $0 +17.2K +108.7% $0.00 33.1K 10 Sep 2024 Direct F2
transaction BRCC Class A Common Stock Conversion of derivative security $0 +24.6K $0.00 24.6K 10 Sep 2024 Held through an LLC F2
transaction BRCC Class A Common Stock Sale -$64.6K -17.2K -52.08% $3.75 15.9K 10 Sep 2024 Direct
transaction BRCC Class A Common Stock Sale -$92.3K -24.6K -100% $3.75 0 10 Sep 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 -17.2K -0.24% $0.00 7.07M 10 Sep 2024 Class A Common Stock 17.2K Direct F2, F3
transaction BRCC Common Units Conversion of derivative security $0 -24.6K -2.06% $0.00 1.17M 10 Sep 2024 Class A Common Stock 24.6K 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 41,844 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).