Wegener-Beyer Jessica Michele 4

What Happened
Jessica Wegener‑Beyer, Chief Marketing Officer of Black Rock Coffee Bar, reported gift transactions dated March 11, 2026. The Form 4 shows four gift entries of 27,544 units each: two reported as direct shares (acquired and disposed) and two reported as derivative units (acquired and disposed). All transactions show a price of $0.00 and a total reported dollar value of $0.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (appears timely).
• Reported transactions: 27,544 shares (acquired) and 27,544 shares (disposed); plus 27,544 derivative units acquired and 27,544 derivative units disposed. Price per unit reported as $0.00; total value $0.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Footnote: The derivative "LLC Units" may be redeemed at any time for Class A common stock on a 1-for-1 basis; a corresponding number of Class B shares will be forfeited upon redemption. The LLC Units have no expiration date.

Context
These transactions are listed as gifts (code G). Gifts are transfers that do not indicate a purchase decision or market view by the insider. The derivative entries reflect LLC Units that can be converted into Class A common stock (per the footnote), but the filing does not explain the purpose of the simultaneous acquisitions and disposals.