Geyer Clay Howard 4

What Happened

• Geyer Clay Howard, Chief Operating Officer of Black Rock Coffee Bar, reported purchases of company stock. He acquired 45,080 shares on 2026-05-21 at a reported weighted average price of $6.51 (total $293,471) and an additional 925 shares on 2026-05-22 at $6.86 (total $6,346). These were purchases (code P), which are generally viewed as a direct buy of company shares rather than a sale.

Key Details

• Transaction dates and prices:
  • 2026-05-21: 45,080 shares @ weighted avg $6.51 (filing notes prices in this block ranged $6.35–$6.54) — total $293,471.
  • 2026-05-22: 925 shares @ $6.86 — total $6,346.
• Aggregate purchased: 46,005 shares for approximately $299,817.
• Shares owned following transaction: not specified in the excerpt provided in your request (check the full Form 4 for the post-transaction ownership amount).
• Footnote: F1 explains the 5/21 price is a weighted average of multiple purchases at prices between $6.35 and $6.54; the filer will provide breakdowns on request to the issuer, shareholders, or SEC staff.
• Filing timeliness: Report filed 2026-05-22 for transactions dated 2026-05-21 and 2026-05-22 — appears timely (Form 4s are typically due within two business days). No 10b5-1 plan or other trading-plan mention was included in the provided data.

Context

• These were open-market purchases (not option exercises, awards, or gifts), meaning the insider bought shares outright. Insider purchases can be informative to retail investors because they represent direct capital commitment, but they do not by themselves prove future company performance. Check the full Form 4 for post-transaction holdings and any additional disclosures.