Form 4: BRC Inc. Director Evan Hafer Executes Large Stock Transaction

Evan Hafer, a director and 10% owner of BRC Inc., exchanged 3,000,000 common units for Class A shares and sold the equivalent number of Class A shares at an average price of $3.1993.

Summary

• On September 11, 2024, Evan Hafer, a director and 10% owner of BRC Inc. (BRCC), engaged in a transaction involving the exchange and sale of the company's stock.
• Hafer, through EKNRH Holdings LLC, exchanged 3,000,000 common units of Authentic Brands LLC for 3,000,000 Class A shares of BRC Inc.
• Simultaneously, he forfeited 3,000,000 Class B shares of BRC Inc.
• Following the exchange, Hafer sold 3,000,000 Class A shares at an average price of $3.1993 per share, with prices ranging from $3.17 to $3.4197.
• After the reported transactions, Hafer indirectly owns 31,142,374 Class A shares through EKNRH Holdings LLC.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This transaction is a routine disclosure of insider trading activity. It is common for executives and major shareholders to periodically adjust their holdings in company stock.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to the sale of a significant number of shares, potentially affecting the stock price in the short term.

Key Dates