Insider at Black Rock Coffee Bar (BRCB) buys 7,100 common shares

Rhea-AI Filing Summary

Black Rock Coffee Bar, Inc. principal accounting officer Michael Ryan Schmidt reported an open-market purchase of Class A Common Stock. On May 20, 2026, he bought 7,100 shares at a weighted average price of $6.98 per share in multiple transactions, bringing his direct holdings to 7,100 shares.

Insider Trade Summary

Net Buyer: 7,100 shares ($49,558)

Net Buy 1 txn

Insider Schmidt Michael Ryan

Role Principal Accounting Officer

Bought 7,100 shs ($50K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	7,100	$6.98	$50K

Holdings After Transaction: Class A Common Stock — 7,100 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased: 7,100 shares Purchase price: $6.98 per share Shares held after transaction: 7,100 shares

3 metrics

Shares purchased 7,100 shares Open-market buy of Class A Common Stock on May 20, 2026

Purchase price $6.98 per share Weighted average price for the May 20, 2026 buy

Shares held after transaction 7,100 shares Total direct Class A Common holdings following the purchase

Key Terms

open-market purchase, Class A Common Stock, principal accounting officer, weighted average

4 terms

open-market purchase financial

"reported an open-market purchase of Class A Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Class A Common Stock financial

"reported an open-market purchase of Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

principal accounting officer financial

"principal accounting officer Michael Ryan Schmidt reported an open-market purchase"

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

weighted average financial

"at a weighted average price of $6.98 per share in multiple transactions"

A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schmidt Michael Ryan

(Last) (First) (Middle)

C/O BLACK ROCK COFFEE BAR, INC.

9170 E. BAHIA DRIVE, SUITE 101

(Street)

SCOTTSDALE ARIZONA 85260

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Black Rock Coffee Bar, Inc. [ BRCB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/20/2026		P		7,100(1)	A	$6.98	7,100	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in column 4 is a weighted average of the purchase prices. These shares were purchased in multiple transactions, all of which were at $6.98. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Sam Seiberling, Attorney in Fact for Michael Schmidt	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BRCB report for Michael Ryan Schmidt?

Black Rock Coffee Bar reported that principal accounting officer Michael Ryan Schmidt bought 7,100 Class A Common shares. The open-market purchase occurred on May 20, 2026, at a weighted average price of $6.98 per share, and represents his entire directly held position after the trade.

At what price did the BRCB insider buy shares on May 20, 2026?

The insider’s Class A Common Stock purchases were executed at a weighted average price of $6.98 per share. According to the disclosure, all individual transactions that day occurred at $6.98, even though they were executed in multiple trades reported as a single aggregated amount.

How many BRCB shares does Michael Ryan Schmidt hold after this Form 4?

After the reported transaction, Michael Ryan Schmidt directly holds 7,100 shares of Black Rock Coffee Bar Class A Common Stock. The Form 4 shows this as his total direct ownership following the May 20, 2026 open-market purchase, with no derivative positions reported in this filing.

Was the BRCB insider transaction a purchase or a sale?

The reported transaction was a purchase of shares, not a sale. The Form 4 classifies it as an open-market purchase of 7,100 shares of Class A Common Stock at a weighted average price of $6.98, increasing the insider’s direct holdings to that same share count.

Did the BRCB insider use derivatives or options in this transaction?

No, the Form 4 shows only a non-derivative transaction in Class A Common Stock. It reports a single open-market purchase of 7,100 shares, and the derivative summary section is empty, indicating no options, warrants, or other derivative securities were involved in this filing.