Black Rock Coffee (NASDAQ: BRCB) holder to sell 116,000 shares
Rhea-AI Filing Summary
Black Rock Coffee Bar, Inc. (BRCB) received an amended Rule 144 notice covering a proposed sale of 116,000 shares of Class A common stock for the account of Jeffrey Robert Hernandez, with J.P. Morgan Securities LLC listed as broker. The securities section reports an aggregate market value of $846,800 for these shares and 21,572,893 Class A shares outstanding as of August 11, 2026. The amendment corrects the trustee name for the Jeffrey R. Hernandez 2021 Irrevocable Trust to IconTrust, LLC and explains that Demi Winters serves as investment advisor and may be deemed to hold voting and investment power over the trust’s shares.
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Key Figures
Shares to be sold: 116,000 shares of Class A Common Stock
Aggregate market value: $846,800
Shares outstanding: 21,572,893 shares of Class A Common Stock
+3 more
6 metrics
Shares to be sold
116,000 shares of Class A Common Stock
Shares covered by the Rule 144 notice
Aggregate market value
$846,800
Aggregate market value of the 116,000 shares as reported in the securities information section
Shares outstanding
21,572,893 shares of Class A Common Stock
Class A shares outstanding as of August 11, 2026
Proposed sale date reference
06/03/2026
Date tied to the conversion of common units to Class A shares in the securities to be sold section
Original filing date referenced
08/11/2026
Date of the prior Form 144 filing that this amendment corrects
Notice date
08/27/2026
Date of notice on the amended Form 144 filing
Key Terms
Rule 144, aggregate market value, Irrevocable Trust, investment advisor, +1 more
5 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
aggregate market value financial
"Class A Common Stock ... 116000 | 846800 | 21572893 | 08/11/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
Irrevocable Trust financial
"the Jeffrey R. Hernandez 2021 Irrevocable Trust from Jeffrey Robert Hernandez"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
investment advisor financial
"Demi Winters serves as the investment advisor for the Jeffrey R. Hernandez 2021 Irrevocable Trust"
An investment advisor is a person or firm that provides personalized guidance on buying, selling and managing investments and often oversees client portfolios for a fee. For investors this matters because the advisor shapes risk, costs and long-term returns, and is typically required by law to act in the client’s best interests — think of them as a financial coach or GPS that helps navigate choices and avoid costly detours.
attorney-in-fact regulatory
"J.P. Morgan Securities LLC as agent and attorney-in-fact for Jeffrey Robert Hernandez"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does this Form 144/A amendment relate to for BRCB?
It relates to a proposed sale under Rule 144 of 116,000 shares of Black Rock Coffee Bar, Inc. Class A common stock for the account of Jeffrey Robert Hernandez, with J.P. Morgan Securities LLC as broker. The amendment primarily corrects trustee and filer-identification details.
What corrections does this 144/A amendment make regarding the Hernandez trust?
The amendment corrects the trustee name for the Jeffrey R. Hernandez 2021 Irrevocable Trust from Jeffrey Robert Hernandez to IconTrust, LLC, and explains that Demi Winters serves as investment advisor and may be deemed to hold voting and investment power over the trust’s shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.