BRCB: Officer Amends Form 3 to Report 349,826 Class B Shares
Black Rock Coffee Bar, Inc. (BRCB) filed an amended Form 3 to correct its initial beneficial ownership disclosure for Chief Financial Officer Rodderick Fredrick Booth.
Rhea-AI Filing Summary
Black Rock Coffee Bar, Inc. (BRCB) filed an amended Form 3 to correct its initial beneficial ownership disclosure for Chief Financial Officer Rodderick Fredrick Booth. The amendment states that as of 09/12/2025 the reporting person beneficially owned 349,826 LLC Units and corresponding Class B Common Stock shares. The LLC Units are redeemable at any time on a 1-for-1 basis for Class A Common Stock, with the same number of Class B shares forfeited upon redemption.
Positive
- Amendment filed to correct prior disclosure, improving transparency
- Clear conversion terms disclosed: LLC Units redeemable 1-for-1 into Class A shares
Negative
- Original Form 3 contained an error, and the mistake also carried into a Form 4 filed on 09/15/2025
Insights
Amendment clarifies executive stockholdings and redemption mechanics.
The filing corrects the initial Form 3 and a subsequent Form 4 to show that the CFO, Rodderick F. Booth, beneficially owns 349,826 LLC Units and Class B shares as of 09/12/2025. The units convert 1-to-1 into Class A Common Stock at the holder's option, causing forfeiture of an equal number of Class B shares.
This is a governance transparency item: accurate ownership disclosures matter for voting power and insider-trading compliance. Watch for any future Form 4s showing redemption or sales, which would change share class mix and potential voting dynamics within the next reporting period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LLC Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (2)
- F1. This amendment is being filed to correct the number of LLC Units and corresponding shares of Class B Common Stock beneficially owned by the Reporting Person at the time of the original Form 3 filing. The error also carried forward to the Reporting Person's Form 4 filed on September 15, 2025. As reported herein, on September 12, 2025, the Reporting Person beneficially owned 349,826 LLC Units and shares of Class B Common Stock.
- F2. The LLC Units may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The LLC Units have no expiration date.
FAQ
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What did BRCB report in the amended Form 3?
What is the relationship between the LLC Units and BRCB common stock?
Was this filing an initial statement or an amendment?
Who signed the amended Form 3 for the reporting person?
Did the error affect other filings?
AI-generated analysis. How Rhea-AI works. Not financial advice.