Iverson Gregory James's Form 4/A amendment
AmendedBRC Inc. (BRCC) · filed Apr 25, 2023
- Accession no.
- 0001140361-23-020297
- Filed
- Apr 25, 2023
- Trade date
- Feb 15, 2023
- Filing delay
- 69 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Feb 17, 2023
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $401.5K. It was filed 69 days after the trade.
This amendment replaces 0001104659-23-023370 (filed Feb 17, 2023).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Iverson Gregory JamesCIK 0001456658 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 15, 2023 | Class B Common Stock | JOtherDisposed | −50,000 | $0.00 | $0 | 1,417,535 | Direct | |
| Feb 15, 2023 | Class A Common Stock | CConversionAcquired | +50,000 | $0.00 | $0 | 67,500 | Direct | |
| Feb 15, 2023 | Class A Common Stock | SSaleDisposed | −50,000 | $8.03F4 | −$401,500 | 17,500 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 15, 2023 | Class A Common Stock | CConversionDisposed | −50,000 | $0.00 | $0 | 1,417,535 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The reported securities provide no economic rights in the Issuer to the holder thereof but each share of Class B Common Stock entitles the holder to one vote as a common stockholder of the Issuer.
- F2
Represents the exchange of 50,000 common units of Authentic Brands LLC for an equivalent number of shares of Class A Common Stock of the Issuer and the forfeiture of an equivalent number of shares of Class B Common Stock of the Issuer.
- F3
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $8.00 to $8.08, inclusive, and the Reporting Person undertakes to provide to the Issuer, the Staff of the Securities and Exchange Commission or any shareholder of the Issuer, upon request, full information regarding shares sold at each price within such range.
Referenced by the price of 1 transaction in Table I.
- F5
The reported securities are Common Units of Authentic Brands LLC. These Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of shares of Class B Common Stock of the Issuer) for an equivalent number of shares of Class A Common Stock of the Issuer (or the cash value thereof, at the election of the Issuer).