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Black Rock Coffee Bar, Inc.·4

Mar 23, 4:05 PM ET

Brand Daniel Jordan 4

Research Summary

AI-generated summary

Updated

Black Rock Coffee (BRCB) 10% Owner Brand Daniel Jordan Transfers 5.8M Shares

What Happened
Brand Daniel Jordan, reported as a 10% owner of Black Rock Coffee Bar, Inc. (BRCB), recorded a disposition on March 20, 2026 of 5,809,390 shares of Class C Common Stock (reported as a derivative disposition at $0 per share). The filing shows two matching entries for 5,809,390 shares (derivative), reflecting transfers among related entities rather than an open-market sale.

Key Details

  • Transaction date: March 20, 2026; filing date: March 23, 2026 (filed timely).
  • Reported disposition(s): 5,809,390 shares of Class C Common Stock (derivative) at $0.00 per share. Two identical derivative entries appear in the filing.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Footnote highlights:
    • LLC units correspond to membership units of Black Rock Coffee Holdings, LLC and an equal number of Class C shares (F1).
    • Class C shares are convertible into Class A shares one-for-one at holder’s election (with issuer option for cash in some cases) (F2).
    • Class C shares will automatically convert into Class B shares upon specified conditions or by Sept 15, 2035 (F3).
    • The reported transfer: Viking Cake Fuel, LLC transferred 5,809,390 Class C shares and equal LLC units to Viking Cake BR, LLC, and Viking Cake distributed those shares/units in exchange for membership interests of certain members (F4).
    • The shares were held by Viking Cake and Viking Cake Fuel, entities for which the reporting person has voting and investment power; the reporting person disclaims beneficial ownership except for any pecuniary interest (F5).
  • Transaction code: J (other acquisition or disposition) — indicates a non-standard transfer rather than a market sale.

Context
This filing documents an intra-group transfer/distribution of derivative Class C shares among related entities rather than a public sale. For retail investors, note that these entries reflect entity-level movements and the reporting person’s voting/investment power over those entities; they do not necessarily indicate a personal cash sale or a change in the insider’s economic exposure.