Key facts
- This page summarizes Gavin Turner's Form 4 filing for Brilliant Earth Group, Inc. (BRLT).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 17 Mar 2025, 16:47.
Gavin Turner - 13 Mar 2025 Form 4 Insider Report for Brilliant Earth Group, Inc. (BRLT)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- BRLT
- Reported as of
- 13 Mar 2025
- Net transaction value
- -$5,006
- SEC form
- 4
- Accepted by SEC
- 17 Mar 2025, 16:47:57 UTC
- Prior SEC filing
- 29 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Gavin Turner
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Gavin Turner filed Form 4 for Brilliant Earth Group, Inc. (BRLT) on 17 Mar 2025.
Change
- Previous filing in this sequence was filed on 29 Dec 2023.
- Current net transaction value: -$5,006.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BRLT
transaction
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -2,700
- Change %
- -0.01%
- Price
- Shares after
- 31,898,071
- Date
- 13 Mar 2025
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4
BRLT
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +2,700
- Change %
- Price
- Shares after
- 2,700
- Date
- 13 Mar 2025
- Ownership
- See footnote
- Footnotes
- F1, F4
BRLT
transaction
Class A Common Stock
Sale
- Transaction value
- $5,006
- Shares
- -2,700
- Change %
- -100%
- Price
- $1.85
- Shares after
- 0
- Date
- 13 Mar 2025
- Ownership
- See footnote
- Footnotes
- F1, F4, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BRLT
transaction
Derivative
LLC Units
Conversion of derivative security
- Transaction value
- Shares
- -2,700
- Change %
- -0.01%
- Price
- Shares after
- 31,898,071
- Date
- 13 Mar 2025
- Ownership
- See footnotes
- Underlying class
- Class A Common Stock
- Underlying amount
- 2,700
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 5 footnotes
Footnote F1
Represents common units of Brilliant Earth, LLC (the "LLC Units") and shares of Class B common stock exchanged for shares of Class A common stock including (i) 2,637 LLC Units and shares of Class B common stock exchanged by Mainsail Partners III, L.P. ("MP III"), (ii) 5 LLC Units and shares of Class B common stock exchanged by Mainsail Incentive Program, LLC ("MIP"), and (iii) 58 LLC Units and shares of Class B common stock exchanged by Mainsail Co-Investors III, L.P. ("MCOI").
Footnote F2
LLC Units (together with one share of Class B common stock for every LLC Unit) are exchangeable for one share of the Issuer's Class A common stock. The reported LLC Units, which were acquired by the reporting person prior to the Issuer's initial public offering, do not expire.
Footnote F3
Consists of (i) 31,147,528 shares of Class B common stock (and associated LLC Units) held by MP III, (ii) 61,920 shares of Class B common stock (and associated LLC Units) held by MIP, and (iii) 688,623 shares of Class B common stock (and associated LLC Units) held by MCOI.
Footnote F4
Mainsail GP III, LLC ("GP III") is the general partner of MP III. MCOI is a co-investment vehicle that invests alongside MP III. GP III is the general partner of MCOI. A three member investment committee of GP III acts by a majority vote, with the reporting person possessing a veto right, with respect to the voting and dispositive power of the securities held by MP III and MCOI. Mainsail Management Company, LLC ("MMC") is the managing member of MIP, and the reporting person is the sole Manager of MMC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein.
Footnote F5
This sale of shares of Class A common stock was executed pursuant to a Rule 10b5-1 plan that was entered into by the reporting person during an open trading window. This transaction was executed in multiple trades at prices ranging from $1.75 to $1.94, inclusive. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the United States Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was affected.