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 | -159K | -2.25% | $0.00 | 6.91M | Sep 12, 2024 | Class A Common Stock | 159K | Direct | F2, F3 | |
transaction | BRCC | Common Units | Conversion of derivative security | $0 | -235K | -20.04% | $0.00 | 937K | Sep 12, 2024 | Class A Common Stock | 235K | Held through an LLC | F2, F3 |
Thomas E. Davin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
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 394,044 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). |
Effective as of September 13, 2024, the Reporting Person resigned from the board of directors of the Issuer.