Form 4: BRC Inc. Director Thomas Davin Reports Share Transactions

Thomas Davin, a director and 10% owner of BRC Inc., reported the exchange and sale of Class A and Class B common stock, as well as common units of Authentic Brands LLC.

Summary

• On September 9, 2024, Thomas Davin, a director and 10% owner of BRC Inc., engaged in several transactions involving the company's stock.
• Davin exchanged 26,428 common units of Authentic Brands LLC for an equivalent number of Class A Common Stock shares and forfeited an equivalent number of Class B shares.
• He also sold 10,884 shares of Class A Common Stock at $3.8112 per share and 15,544 shares of Class A Common Stock at $3.8112 per share.
• Following these transactions, Davin directly owns 15,851 shares of Class A Common Stock and indirectly owns 0 shares of Class A Common Stock held through an LLC.
• He directly owns 7,083,872 shares of Class B Common Stock and indirectly owns 1,196,406 shares of Class B Common Stock held through an LLC.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.
• The sale of shares by a director could be perceived negatively by some investors, although the amounts are relatively small.

Key Dates