KELLEHER THOMAS J /ADV 4

What Happened
Thomas J. Kelleher, Co-CEO of BRC Group Holdings, reported a gift (transaction code G) of 3,000 shares on 2026-06-16. The Form 4 lists the transaction price as $0.00 and total proceeds as $0, indicating a bona fide gift rather than a sale.

Key Details

• Transaction date: 2026-06-16 (reported on Form 4 filed 2026-06-24).
• Transaction type/code: G (Gift).
• Shares transferred: 3,000 shares; price reported $0.00; total $0.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: The transfer represents a bona fide gift of 3,000 shares to a trust unaffiliated with the reporting person and the issuer; no consideration was received.
  • F2–F7: Describe other holdings or dispositive power (e.g., shares held of record by Thomas J. Kelleher and wife as Trustees for the Kelleher Family Trust; shares held in a self-directed IRA; shares held with dispositive power for spouse and daughters).
• Filing timeliness: The Form 4 was filed eight days after the transaction (filed 2026-06-24 for a 2026-06-16 transaction), which is later than the usual two-business-day reporting requirement.

Context
Gifts are transfers for estate planning or personal reasons and do not necessarily indicate the insider’s view of the company’s prospects. This filing documents a non‑monetary transfer to an unaffiliated trust; it should be viewed differently from purchases (which often are seen as more informative about insider sentiment).