McCormick Andrew J. 4
4 · BRC Inc. · Filed May 10, 2022
Insider Transaction Report
Form 4
BRC Inc.BRCC
McCormick Andrew J.
Gen. Counsel & Corp. Secretary
Transactions
- Other
Class B Common Stock
2022-05-06+99→ 24,823 total - Other
Common Units
2022-05-06+99→ 24,823 total→ Class A Common Stock (99 underlying)
Footnotes (3)
- [F1]The reported securities provide no economic rights in BRC Inc. (the "Issuer") to the holder thereof but each share of Class B Common Stock ("Class B Share") entitles the holder to one vote as a common stockholder of the Issuer.
- [F2]The securities were issued following the satisfaction of certain conditions set forth in the Business Combination Agreement, dated as of November 2, 2021, as amended by the First Amendment to Business Combination Agreement, dated as of January 4, 2022, each by and among the Issuer, SilverBox Engaged Merger Corp I, Authentic Brands LLC ("Authentic Brands") and certain other parties thereto.
- [F3]The reported securities are common units of Authentic Brands LLC. Beginning on the earlier of August 9, 2022 or such earlier expiration of the lock-up period set forth in an agreement between the Issuer and the Reporting Person, these Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of Class B Shares) 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).