Form 4: Brilliant Earth Group Director Gavin Turner Executes Stock Transactions Under 10b5-1 Plan

Director Gavin Turner reports transactions involving Brilliant Earth Group's Class A and Class B common stock, including exchanges and sales executed under a pre-arranged 10b5-1 trading plan.

Summary

• Gavin Turner, a director and 10% owner of Brilliant Earth Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2025, Turner exchanged 2,700 LLC Units and Class B common stock for 2,700 shares of Class A common stock.
• Simultaneously, Turner sold 2,700 shares of Class A common stock at a weighted average price of $1.8541 per share.
• These transactions were executed under a Rule 10b5-1 trading plan.
• Following these transactions, Turner indirectly owns 31,898,071 shares of Class B common stock and associated LLC Units.
• The shares are held by Mainsail Partners III, L.P., Mainsail Incentive Program, LLC, and Mainsail Co-Investors III, L.P., entities over which Turner has influence.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and large shareholders, providing transparency into their trading activities. The use of a 10b5-1 plan suggests pre-planned and compliant trading activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but the pre-planned nature of the 10b5-1 plan mitigates concerns about opportunistic trading.

Key Dates