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BRC Inc.·4

Apr 3, 4:02 PM ET

McCormick Andrew J. 4

Research Summary

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BRC Inc. GC Andrew McCormick: 42,187 Shares Withheld for Taxes

What Happened
Andrew J. McCormick, General Counsel & Corporate Secretary of BRC Inc. (BRCC), had 42,187 shares withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The filing reports a per-share amount of $0.80 and a total reported value of $33,674. This was a tax-withholding disposition (not an open-market sale).

Key Details

  • Transaction date: 2026-04-02; filing date: 2026-04-03 (timely filing).
  • Reported amount: 42,187 shares withheld at $0.80 per share; reported total $33,674.
  • Transaction code: F — shares withheld to satisfy tax withholding on vested RSUs (see footnote F1).
  • Shares owned after transaction: Not provided in the data supplied.
  • This is not a purchase signal; it reflects routine tax withholding at vesting rather than an intentional sale.

Context
When RSUs vest, companies commonly withhold a portion of the vested shares to cover required tax withholdings (a cashless/withholding settlement). Such transactions are administrative and do not necessarily indicate insider sentiment about the company's stock.