Gregory James Iverson - Feb 15, 2023 Form 4/A - Amendment Insider Report for BRC Inc. (BRCC)

Role: Chief Financial Officer
Signature: /s/ Andrew McCormick, as attorney-in-fact
Stock symbol: BRCC
Transactions as of: Feb 15, 2023
Transactions value $: -$401,500
Form type: 4/A - Amendment
Date filed: 4/25/2023, 05:31 PM
Date Of Original Report: Feb 17, 2023
Previous filing: May 10, 2022
Next filing: Apr 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRCC	Class B Common Stock	Other	$0	-50K	-3.41%	$0.00	1.42M	Feb 15, 2023	Direct	F1, F2
transaction	BRCC	Class A Common Stock	Conversion of derivative security	$0	+50K	+285.71%	$0.00	67.5K	Feb 15, 2023	Direct	F2
transaction	BRCC	Class A Common Stock	Sale	-$402K	-50K	-74.07%	$8.03	17.5K	Feb 15, 2023	Direct	F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BRCC	Common Units	Conversion of derivative security	$0	-50K	-3.41%	$0.00	1.42M	Feb 15, 2023	Class A Common Stock	50K		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities provide no economic rights in the Issuer to the holder thereof but each share of Class B Common Stock entitles the holder to one vote as a common stockholder of the Issuer.
F2	Represents the exchange of 50,000 common units of Authentic Brands LLC for an equivalent number of shares of Class A Common Stock of the Issuer and the forfeiture of an equivalent number of shares of Class B Common Stock of the Issuer.
F3	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $8.00 to $8.08, inclusive, and the Reporting Person undertakes to provide to the Issuer, the Staff of the Securities and Exchange Commission or any shareholder of the Issuer, upon request, full information regarding shares sold at each price within such range.
F5	The reported securities are Common Units of Authentic Brands LLC. These Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of shares of Class B Common Stock of the Issuer) for an equivalent number of shares of Class A Common Stock of the Issuer (or the cash value thereof, at the election of the Issuer).