Hafer Evan 4
4 · BRC Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
BRC Inc. (BRCC) 10% Owner Evan Hafer Sells 2,000,000 Shares
What Happened
Evan Hafer, reported as a 10% owner of BRC Inc. (BRCC), converted interests into Class A common shares and sold 2,000,000 Class A shares in an open-market transaction on June 1, 2026. The open-market sale was at $1.49 per share for total proceeds of approximately $2,980,000. The filing also reports related conversions/forfeitures of securities (reported at $0), reflecting an exchange of Authentic Brands LLC common units for Class A shares and the forfeiture of an equivalent number of Class B shares.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (filing appears timely).
- Open-market sale: 2,000,000 shares at $1.49 each; proceeds ≈ $2,980,000 (transaction code S).
- Conversions/forfeitures reported: entries showing conversion of derivative securities and forfeiture/exchange of 2,000,000 shares/units (transaction codes C and J) recorded at $0.
- Footnotes: F1 notes the reported securities provide no economic rights but Class B shares carry one vote each; F2/F3 explain exchange of 2,000,000 Authentic Brands LLC common units for Class A shares and corresponding forfeiture of Class B shares.
- Shares owned after transaction: not specified in the supplied filing details.
Context
- The material economic action here is the sale of 2,000,000 Class A shares for ~$2.98M. The $0 conversion entries reflect non-cash exchanges (conversion of common units into Class A shares and forfeiture of Class B shares) rather than a cash purchase.
- As a 10% owner, Hafer is a significant holder; these filings reflect structural ownership changes plus a sizeable disposition, not necessarily an executive trading signal.
- No 10b5-1 plan, tax-withholding, or late-filing flag was disclosed in the provided information.
Insider Transaction Report
Form 4
BRC Inc.BRCC
Hafer Evan
DirectorFounder10% Owner
Transactions
- Other
Class B Common Stock
[F1][F2]2026-06-01−2,000,000→ 28,142,374 total(indirect: By LLC) - Conversion
Class A Common Stock
[F2]2026-06-01+2,000,000→ 2,000,000 total(indirect: By LLC) - Sale
Class A Common Stock
2026-06-01$1.49/sh−2,000,000$2,980,000→ 0 total(indirect: By LLC) - Conversion
Common Units
[F3][F2]2026-06-01−2,000,000→ 28,142,374 total(indirect: By LLC)From: 2022-08-09→ Class A Common Stock (2,000,000 underlying)
Holdings
- 80,000
Class A Common Stock
Footnotes (3)
- [F1]The reported securities provide no economic rights in BRC Inc. (the "Issuer") to the holder thereof but each share of Class B Common Stock ("Class B Share") entitles the holder to one vote as a common stockholder of the Issuer.
- [F2]Represents the exchange of an aggregate of 2,000,000 common units of Authentic Brands LLC (the "Common Units") for an equivalent number of shares of Class A Common Stock ("Class A Shares") of the Issuer and the forfeiture of an equivalent number of Class B Shares of the Issuer.
- [F3]The Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of Class B Shares), at any time and from time to time, for an equivalent number of Class A Shares of the Issuer (or the cash value thereof, at the election of the Issuer).
Signature
/s/ Andrew J. McCormick, as attorney-in-fact|2026-06-03