Black Rock Coffee Bar, Inc. Form 4 Filings

Black Rock Coffee Bar, Inc. director Sarah Goldsmith-Grover reported an equity compensation grant. She acquired 8,949 shares worth of Class A Common Stock in the form of restricted stock units at a stated price of $0.00 per share, bringing her direct holdings to 11,761 shares/units after the award.

The RSUs represent a contingent right to receive one share of Class A Common Stock for each unit. They vest in full on the earlier of May 27, 2027 or the date of the company’s annual meeting of shareholders for calendar year 2027, aligning the director’s compensation with future company performance and service.

FEDERICO RICHARD L reported acquisition or exercise transactions in this Form 4 filing.

Black Rock Coffee Bar director Richard L. Federico received an award of 10,739 restricted stock units (RSUs) of Class A Common Stock as equity compensation. Each RSU represents a right to one share and will vest in full on the earlier of May 27, 2027 or the company’s 2027 annual shareholder meeting. Following this grant, he directly holds 13,551 shares of Class A Common Stock.

Braithwaite Andrew Robert reported acquisition or exercise transactions in this Form 4 filing.

Black Rock Coffee Bar, Inc. director Andrew Robert Braithwaite received an equity award in the form of restricted stock units. He was granted 8,949 RSUs, each representing one share of Class A Common Stock, at a price of $0.00 per unit as compensation rather than an open-market purchase.

The RSUs vest in full on the earlier of May 27, 2027 or the date of the company’s 2027 annual shareholder meeting. Following this grant, Braithwaite directly holds 11,761 shares of Class A Common Stock, reflecting his equity stake tied to the company’s future performance.

Brand Daniel Jordan reported acquisition or exercise transactions in this Form 4 filing.

Black Rock Coffee Bar director and 10% owner Daniel Jordan received an equity award of 10,739 shares of Class A Common Stock in the form of restricted stock units. The award was granted at no cash cost per share as part of his compensation.

The restricted stock units each represent the right to receive one share of Class A Common Stock and will vest in full on the earlier of May 27, 2027 or the date of the company’s 2027 annual shareholder meeting. After this grant, Jordan directly holds 13,551 shares of Class A Common Stock.

Hernandez Jeffrey Robert reported acquisition or exercise transactions in this Form 4 filing.

Black Rock Coffee Bar, Inc. director and 10% owner Jeffrey Robert Hernandez received a grant of 10,739 restricted stock units representing Class A Common Stock at a stated price of $0.00 per share. Following this award, he directly holds 13,551 shares. The RSUs vest in full on the earlier of May 27, 2027 or the company’s 2027 annual shareholder meeting.

Black Rock Coffee Bar, Inc. Chief Operating Officer Clay Howard Geyer reported an open-market purchase of 8 shares of Class A Common Stock at $6.90 per share. After this buy, he directly owns 58,513 shares, indicating a very small incremental increase in his personal stake.

Black Rock Coffee Bar, Inc. Chief Operating Officer Clay Howard Geyer reported buying Class A Common Stock in the open market. He purchased 45,080 shares on May 21, 2026 at a weighted-average price of $6.51 per share and 925 shares on May 22, 2026 at $6.86 per share, for total reported purchases of 46,005 shares. After these transactions, he directly owns 58,505 shares. A footnote explains that one of the purchases was executed in multiple trades at prices ranging from $6.35 to $6.54, with the weighted average reported.

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.

Black Rock Coffee Bar, Inc. insider activity shows an open-market buy linked to Chief Marketing Officer Jessica Wegener-Beyer. An entity associated with her, the Beyer Family Living Trust, purchased approximately 3,098 Class A common shares at a weighted average price of about $6.46 per share.

After these transactions, the trust holds about 3,098 shares indirectly. The filing notes that the purchases occurred in multiple trades within a narrow price range from $6.45 to $6.47 per share.

Cynosure-managed investment entities significantly increased their stake in Black Rock Coffee Bar, Inc. through open-market purchases and related equity structuring. On May 15, 2026, the reporting entities bought 1,600,000 shares of Class A Common Stock and 12,042,712 shares of Class B Common Stock at $5.35 per share in open-market or private transactions, all held indirectly.

They also converted 119,892 LLC Units into the same number of Class A shares on a 1-to-1 basis, with a corresponding 119,892 Class B shares cancelled for no consideration as part of this conversion. Following these transactions, Cynosure-affiliated funds collectively hold large positions in both Class A and Class B shares, with The Cynosure Group, LLC retaining sole voting and investment power over these holdings while each reporting person disclaims beneficial ownership of securities held directly by the others except for their pecuniary interest.

Black Rock Coffee Bar director-linked entities sold a large indirect stake in the company. Viking Cake BR, LLC and its wholly owned subsidiary Viking Cake Fuel, LLC, for which director Jeffrey Robert Hernandez has voting and investment power, sold 5,809,391 LLC Units and an equal number of shares of Class C Common Stock, together representing 11,618,782 underlying shares of Class A Common Stock. The sale generated an aggregate purchase price of $41,698,806.43, which covered the notional amount, accrued interest including payment-in-kind interest, and a make-whole amount due under a Margin Loan Agreement with JPMorgan Chase Bank, N.A. Following these transactions, the reported holdings of these LLC Units and related Class C shares in this filing were reduced to zero.

Black Rock Coffee Bar director-linked entities completed a large indirect sale of interests tied to Class A shares. Viking Cake BR, LLC and its subsidiary Viking Cake Fuel, LLC, for which director Daniel Jordan Brand has voting and investment power, sold 5,809,391 LLC Units and an equal number of shares of Class C common stock, all exchangeable on a one-for-one basis into Class A common stock. The transactions, coded as open‑market or private sales, generated an aggregate purchase price of $41,698,806.43 to satisfy amounts due under a Margin Loan Agreement with JPMorgan Chase Bank, N.A. Following the sale, the reported holdings of these securities in this filing are shown as zero, and Brand disclaims beneficial ownership in the LLC-held shares except to the extent of his pecuniary interest.

Black Rock Coffee Bar, Inc. reported that affiliated entities Viking Cake BR, LLC and its wholly owned subsidiary Viking Cake Fuel, LLC sold 5,809,391 LLC Units and an equal number of shares of Class C common stock, for a total of 11,618,782 derivative-linked interests. Each LLC Unit and corresponding Class C share is exchangeable on a one-for-one basis into Class A common stock or, at the issuer’s election, cash. The securities were sold for an aggregate purchase price of $41,698,806.43 in connection with amounts due under a margin loan agreement with JPMorgan Chase Bank, N.A., and the reporting entities no longer hold these positions after the transactions.

Black Rock Coffee Bar, Inc. Chief Development Officer Jon Patrick Vingo Jr. reported equity compensation grants. He received 52,374 restricted stock units, each representing one future share of Class A Common Stock, vesting in three roughly equal annual installments beginning on May 14, 2027.

Following this RSU award, he holds 52,418.092 Class A Common shares directly. He was also granted 95,240 stock options for Class A Common Stock at an exercise price of $7.16 per share, which vest in full on May 14, 2029 and expire on May 14, 2036. These grants are compensation awards, not open-market purchases.

Black Rock Coffee Bar, Inc. reported an insider-related restructuring involving 5,809,390 LLC Units and the same number of shares of Class C common stock. These interests were transferred by Viking Cake Fuel, LLC to Viking Cake BR, LLC, then distributed by Viking Cake to certain of its members in exchange for their membership interests.

The holdings are indirect, through Viking Cake and its subsidiary Viking Cake Fuel, over which Jeffrey Robert Hernandez has voting and investment power, while disclaiming beneficial ownership except for his pecuniary interest. Each LLC Unit and matching Class C share can be exchanged on a one-for-one basis for Class A common stock or, at the issuer’s election, cash. Each outstanding Class C share will automatically convert into Class B common stock on a one-for-one basis by September 15, 2035, or earlier if specified ownership thresholds are not maintained.

Viking Cake Fuel, LLC, a major holder of Black Rock Coffee Bar, Inc., reported an internal restructuring of its ownership interests. On March 20, 2026, it recorded two related “J” code transactions classified as other acquisitions or dispositions, each involving 5,809,390 instruments.

One entry covers LLC Units of Black Rock Coffee Holdings, LLC paired with an equal number of shares of Class C common stock, both ultimately exchangeable or redeemable on a one-for-one basis into Class A common stock or cash at the issuer’s election, as described in the footnotes. A footnote states that on this date Viking Cake Fuel, LLC transferred 5,809,390 shares of Class C common stock and an equal number of LLC Units to its parent, Viking Cake BR, LLC. The filing shows no open-market buying or selling, and total holdings reported after the transactions were 5,809,391 LLC Units and 5,809,391 shares of Class C common stock.

Black Rock Coffee Bar, Inc. insider Daniel Jordan Brand reported an internal restructuring of indirect holdings in LLC Units and matching shares of Class C common stock linked to Black Rock Coffee Holdings, LLC. On March 20, 2026, Viking Cake Fuel, LLC transferred 5,809,390 shares of Class C common stock and an equal number of LLC Units to Viking Cake BR, LLC, which then distributed the same amounts to certain of its members in exchange for their membership interests. Each LLC Unit and corresponding Class C share is exchangeable into Class A common stock on a one-for-one basis or, at the issuer’s election, for cash, and the Class C share is cancelled upon redemption. Class C shares also automatically convert into Class B common stock on the earlier of September 15, 2035 or when the holder’s Class C stake falls below a specified threshold. The positions are held through Viking Cake and Viking Cake Fuel, over which Brand has voting and investment power, while he disclaims beneficial ownership beyond his pecuniary interest.

Black Rock Coffee Bar, Inc. insider Bryan Douglas Pereboom reported an internal restructuring of his indirect holdings in LLC Units and Class C common stock. On March 20, 2026, entities associated with him moved 5,809,390 shares of Class C common stock and an equal number of LLC Units from Viking Cake Fuel, LLC to Viking Cake BR, LLC, then Viking Cake BR, LLC distributed the same amounts to certain of its members. The filing classifies these as “other” transactions with no per‑share price, indicating an entity-level reorganization rather than an open‑market trade. As a result, Pereboom no longer has voting or investment power over the shares held by Viking Cake BR, LLC and reports 29,046 indirect shares remaining, while also disclaiming beneficial ownership of shares held through his spouse’s interest in Aureata Fuel, LLC except for any pecuniary interest.

Black Rock Coffee Bar, Inc. insider Jacob Virgil Spellmeyer reported an internal restructuring of interests linked to Class A common stock. On March 20, 2026, Viking Cake Fuel, LLC transferred 5,809,390 shares of Class C Common Stock and an equal number of LLC Units to Viking Cake BR, LLC. Viking Cake then distributed 5,809,390 shares of Class C Common Stock and the same number of LLC Units to certain of its members in exchange for their membership interests. As a result of this distribution, Spellmeyer no longer has voting or investment power over the shares previously held by Viking Cake and disclaims beneficial ownership of those shares. The LLC Units and corresponding Class C shares are exchangeable into Class A common stock on a one-for-one basis or, at the issuer’s election, for cash, and each Class C share will automatically convert into Class B common stock by September 15, 2035 or earlier if specified ownership thresholds are not met.

Black Rock Coffee Bar, Inc. insider Viking Cake BR, LLC reported an internal restructuring involving 5,809,390 LLC Units of Black Rock Coffee Holdings, LLC and an equal number of shares of Class C common stock. On March 20, 2026, Viking Cake Fuel, LLC transferred these interests to Viking Cake BR, LLC, which then distributed the same amounts to certain of its members in exchange for their membership interests. Each LLC Unit and corresponding share of Class C common stock is ultimately exchangeable, at the holder’s election and subject to issuer choice, for either one share of Class A common stock or an equivalent cash amount, and each Class C share will automatically convert into Class B common stock upon specified future triggers.

Black Rock Coffee Bar, Inc. Chief Marketing Officer Jessica Michele Wegener-Beyer reported a series of bona fide gifts involving both LLC Units and Class B Common Stock. On the reported date, she transferred 27,544 LLC Units and 27,544 shares of Class B Common Stock from her direct holdings, reducing her direct position in each of those securities to zero.

The same amounts were recorded as indirectly held through the Beyer Family Living Trust, which now holds 27,544 LLC Units and 27,544 shares of Class B Common Stock. The LLC Units are redeemable into Class A Common Stock on a 1‑to‑1 basis, with a corresponding number of Class B shares forfeited upon redemption, and they have no expiration date. These are non-market, zero‑price gift transfers rather than open‑market sales.

Jeffrey Robert Hernandez, a director and 10% owner of Black Rock Coffee Bar, Inc. (BRCB), reported multiple securities transactions and holdings. The Form 4 discloses a prior award of 2,812 RSUs dated 09/11/2025 that convert into Class A common stock and vest by the earlier of the 2026 annual meeting or one year after the IPO closing. The filing also reports ownership of 3,118,938 LLC Units and a corresponding 11,618,781 shares of Class C common stock (convertible into Class A on a one-for-one basis). The LLC Units and Class C shares are held by Viking Cake BR, LLC and Viking Cake Fuel, LLC, for which Hernandez has voting and investment power; he disclaimers beneficial ownership except to his pecuniary interest.

Jacob Virgil Spellmeyer, a director and >10% owner of Black Rock Coffee Bar, Inc. (BRCB), reported acquisitions tied to the company's IPO structure. The Form 4 shows a prior transaction dated 09/11/2025 awarding 2,812 restricted stock units (RSUs) that convert to Class A common shares and vest on the earlier of the 2026 annual meeting or one year after the IPO closing. On 09/15/2025 the reporting person acquired 3,118,938 LLC Units (membership units of Black Rock Coffee Holdings, LLC) and a corresponding number of Class C common shares; those units and Class C shares are economically linked to 11,618,781 Class A common shares (conversion/redemption mechanics described). The holdings reported are held indirectly through Viking Cake BR, LLC and Viking Cake Fuel, LLC, for which the reporting person has voting and investment power and disclaims beneficial ownership except to the extent of pecuniary interest.

Daniel Brand, a director and reported 10% owner of Black Rock Coffee Bar, Inc. (BRCB), disclosed multiple equity-related transactions. He was awarded 2,812 restricted stock units (RSUs) that convert into Class A common stock and reported beneficial ownership of 2,812 Class A shares following that award. He also reported acquisition of 3,118,938 LLC units in Black Rock Coffee Holdings, LLC and a corresponding 3,118,938 shares of Class C common stock, which are ultimately tied to 11,618,781 underlying Class A shares at a conversion price shown as $20 for certain instruments and $0.00 for others. The filing notes that LLC units may be redeemed for Class A shares or cash and that Class C shares are convertible into Class A (or later convert into Class B under specified conditions). Ownership is held indirectly through Viking Cake BR, LLC entities for which Brand has voting and investment power.

Bryan Pereboom, a director and reported >10% owner of Black Rock Coffee Bar, Inc. (BRCB), reported several pre-IPO equity-related transactions tied to the company's initial public offering.

He was granted 2,812 RSUs on 09/11/2025 that convert one-for-one into Class A common shares and vest on the earlier of the 2026 annual meeting or one year after the IPO close. Separately, on 09/15/2025 he acquired or received 3,118,938 LLC units that correspond to 11,618,781 Class A shares on a one-for-one basis under the company's structure; those units are held indirectly through Viking Cake entities for which he has voting and investment power but disclaims beneficial ownership except to his pecuniary interest. The filings reflect standard conversion, redemption and automatic-conversion mechanics between LLC Units, Class C and Class A common stock disclosed in the footnotes.