Engaged Capital LLC 4
4 · BRC Inc. · Filed Jul 22, 2025
Insider Transaction Report
Form 4
BRC Inc.BRCC
Welling Glenn W.
Director10% Owner
Transactions
- Purchase
Class A Common Stock
2025-07-18$1.25/sh+400,000$500,000→ 13,935,560 total(indirect: By: Engaged Capital Flagship Master Fund, LP)
Holdings
- 255,091
Class A Common Stock
- 506,092(indirect: By Trust)
Class A Common Stock
Footnotes (4)
- [F1]This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), Engaged Capital, LLC ("Engaged Capital"), Engaged Capital Holdings, LLC ("Engaged Holdings") and Glenn W. Welling (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of BRC Inc.'s (the "Issuer") outstanding Class A Common Stock. Mr. Welling is a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- [F2]Shares of the Issuer's Class A Common Stock acquired in the Issuer's underwritten public offering at the public offering price of $1.25 per share.
- [F3]Securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
- [F4]Securities held in the Welling Family Trust. Mr. Welling, as Trustee of the Welling Family Trust, may be deemed to beneficially own the securities held in the Welling Family Trust.