Hafer Evan 4

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.