Jeffrey Kuo - May 17, 2024 Form 4 Insider Report for Brilliant Earth Group, Inc. (BRLT)

Signature
/S/ Jeffrey Kuo
Stock symbol
BRLT
Transactions as of
May 17, 2024
Transactions value $
-$19,729
Form type
4
Date filed
5/17/2024, 06:59 PM
Previous filing
Apr 1, 2024
Next filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRLT Class A Common Stock Sale -$19.7K -8.12K -1.63% $2.43 491K May 17, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares of Class A common stock sold by the reporting person to cover estimated tax obligations in connection with the vesting and settlement of restricted stock units. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 8, 2023.
F2 This transaction was executed in multiple trades ranging from $2.40 to $2.48. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.