ANTIN ROBERT L 4

What Happened

• Robert L. Antin, a director of BRC Group Holdings, Inc. (RILY), was granted three equity awards on April 3, 2026 totaling 51,419 shares: 3,660 shares, 14,695 shares, and 33,064 shares. Each was reported as acquired at $0.00 (awarded), so no cash purchase occurred.
• The grants include board equity compensation and restricted stock units (RSUs) that vest on specified future dates (see details below). These are compensation awards rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-04-03; Form 4 filed: 2026-04-07 (filing appears on time).
• Awarded shares: 3,660 + 14,695 + 33,064 = 51,419 shares; reported acquisition price: $0.00 (awarded).
• Vesting / footnotes:
  • F1: Board equity compensation.
  • F2: RSU that settles in common stock and vests in full on May 19, 2026 (the company’s 2026 annual meeting).
  • F3: RSU that settles in common stock and vests in full on April 3, 2027.
  • F4: Some shares are held of record by a trust (Robert and Patti Antin Living Trust); Antin disclaims beneficial ownership except to the extent of his pecuniary interest.
• Shares owned after the awards are not specified in the provided filing.
• Remarks: The filing excludes 200,000 shares previously reported but held by an irrevocable trust in which the reporting person had no pecuniary interest.

Context

• These were compensation awards (RSUs and board equity) that typically vest over time; they are not immediate stock purchases or sales and do not necessarily signal the insider’s short‑term market view.
• RSUs generally convert to common stock on vesting and may be subject to forfeiture until that time.