SCHEDULE: Black Rock Coffee Bar: Ownership Update

Samuel W. Weatherford reports beneficial ownership of 539,732 shares, representing 2.5% of Class A Common Stock in Black Rock Coffee Bar, Inc.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of Black Rock Coffee Bar, Inc. Class A Common Stock.
• Samuel W. Weatherford is reported as beneficially owning 539,732 shares, which constitutes 2.5% of the outstanding Class A Common Stock.
• These shares are held through the Bryan D. Pereboom 2021 Trust and the Nicole R. Pereboom 2021 Trust, for which Mr. Weatherford serves as investment advisor.
• Gordon Scharf is also listed but reports no shares beneficially owned, holding 0% of the class.
• The filing asserts that the securities were not acquired or held for the purpose of influencing the control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership and does not contain operational or financial performance data that would typically influence sentiment.

Positives

• Samuel W. Weatherford's advisory role over a significant block of shares (2.5%) may indicate confidence in the company's future prospects.
• The filing confirms that the ownership is not intended to influence or change control of the company, suggesting a passive investment stance.

Negatives

• Gordon Scharf's reported ownership of 0 shares could imply a reduced or absent stake, though this is not explicitly stated as a negative.
• The filing does not provide details on the rationale behind the specific share amounts held by the trusts or Mr. Weatherford's advisory capacity.

Risks

• While not explicitly stated as a risk, any significant change in the investment advisory relationship or the trusts' holdings could impact the stock.
• The filing does not detail any specific risks associated with the company's operations or market position.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Mr. Weatherford serves as the investment advisor for the Pereboom Trusts. As investment advisor, Mr. Weatherford may be deemed to hold voting and investment power with respect to the shares held by the Pereboom Trusts.
• Mr. Weatherford disclaims beneficial ownership of the shares held by the Pereboom Trusts except to the extent of his pecuniary interest therein.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant individual shareholders to report their stakes in publicly traded companies. This filing indicates a passive investment by Samuel W. Weatherford in Black Rock Coffee Bar, Inc., which is typical for investors who do not intend to take an active role in company management.

Related Party Transactions

• Samuel W. Weatherford serves as the investment advisor for the Bryan D. Pereboom 2021 Trust and the Nicole R. Pereboom 2021 Trust, which collectively hold the reported shares. Mr. Weatherford may be deemed to hold voting and investment power with respect to these shares, though he disclaims beneficial ownership beyond his pecuniary interest.

Stakeholder Impact

• Shareholders: The filing clarifies the beneficial ownership structure, providing transparency. A 2.5% stake by an investment advisor suggests a stable, albeit passive, shareholder.
• Management: The filing confirms that the reported ownership is not intended to influence or change control of the company.
• Trust Beneficiaries (Pereboom Trusts): Their investment is managed by Samuel W. Weatherford, whose advisory role is now publicly disclosed in relation to this holding.

Next Steps

• Continue to monitor future Schedule 13G or 13D filings for any changes in beneficial ownership by Samuel W. Weatherford or other significant investors.
• Observe any potential future actions by the Pereboom Trusts or their investment advisor that might indicate a change in investment strategy.

Key Dates

Keywords

Black Rock Coffee Bar, Schedule 13G, Ownership Filing, Beneficial Ownership, Class A Common Stock, Samuel W. Weatherford, Gordon Scharf, Investment Advisor, SEC Filing