Form 4: BRC Inc. Executive Christopher John Clark Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Christopher John Clark, CTO & COO of BRC Inc., disposed of 1,185 shares of Class A Common Stock on August 15, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Christopher John Clark, the CTO & COO of BRC Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposal of 1,185 shares.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $3.9.
- Following the transaction, Clark directly owns 179,285 shares of BRC Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine Form 4 filing, common for corporate insiders when they dispose of shares, often to cover tax obligations related to stock vesting. It's a standard practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Disposal of 1,185 shares of Class A Common Stock. |
| 08/16/2024 | Date of signature by attorney-in-fact. |
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