Forman Alan N 4
4 · BRC Group Holdings, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
BRC Group (RILY) Former GC Alan Forman Sells 2,853 Shares (Tax Withholding)
What Happened
Alan N. Forman, listed as Former EVP, General Counsel, and Secretary of BRC Group Holdings, had 2,853 shares withheld by the company to satisfy tax obligations related to accelerated vesting of Restricted Stock Units. The shares were valued at $8.18 each, producing proceeds/reduction of $23,338. The transaction is reported under code F (tax withholding).
Key Details
- Transaction date: 2026-06-30; Filing date (Form 4): 2026-07-01 (filed promptly).
- Transaction type/code: F — shares withheld to cover taxes from RSU vesting.
- Shares withheld: 2,853 at $8.18 per share; total $23,338.
- Footnote: Represents shares withheld by the Company and remitted on the reporting person's behalf for taxes in connection with accelerated vesting of RSUs granted 2024-03-04.
- Shares owned after transaction: Not reported on this Form 4.
Context
This was a tax-withholding disposition tied to RSU vesting, not an open-market sale or a purchase. Such withholdings are routine and don’t necessarily indicate the insider’s view of the stock. The reporting person is a former officer, which may be relevant to how investors interpret the filing.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-06-30$8.18/sh−2,853$23,338→ 34,974 total
Footnotes (1)
- [F1]Represents shares withheld by the Company and remitted on behalf of the Reporting Person for payment of taxes in connection with the accelerated vesting of shares from Restricted Stock Units granted on March 4, 2024.