Hernandez Jeffrey Robert 4

What Happened

• Jeffrey Hernandez, a reported 10% owner of Black Rock Coffee Bar, Inc. (BRCB), was granted 10,739 restricted stock units (RSUs) on 2026-05-27. The RSUs were awarded at $0.00 per unit (grant value recorded as $0 in the filing); each RSU represents a contingent right to one share of Class A common stock that will convert into shares if and when the RSUs vest. This is an award/grant transaction (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-28.
• Transaction type & price: Grant/award (A); 10,739 RSUs @ $0.00 (no cash exchanged at grant).
• Vesting: RSUs vest in full on the earlier of (x) May 27, 2027 or (y) the date of the annual meeting of shareholders for calendar year 2027 (see footnote F1).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Timeliness: Filing appears timely (filed the day after the reported grant).
• Insider status: Grant to a 10% owner — significant holder, not necessarily routine open-market trading by an executive.

Context

• RSUs are a contingent award: they convert into actual shares only upon vesting, so no immediate market activity occurred and no cash was paid at grant. The economic value to the insider depends on the company’s share price at vesting and any applicable withholding or conditions.
• For retail investors, awards signal a form of compensation or alignment with shareholders but do not equal an immediate buy signal; the grant increases potential future share ownership if vesting conditions are met.