[Form 3] BRC Inc. Initial Statement of Beneficial Ownership
BRC Inc. (BRCC) Form 3 was filed reporting that Landis Melvin F III, a director, has no securities beneficially owned in the issuer as of the event date. The filing identifies the reporting person’s Salt Lake City address, shows the event date of 09/15/2025, and is signed by an attorney-in-fact on 09/24/2025. The statement confirms the individual relationship to the company (director) and that the Form 3 was filed by one reporting person.
- Form 3 filed disclosing the reporting person's role and status
- Clear statement: "No securities are beneficially owned" provides transparent disclosure
- None.
Insights
TL;DR: A director filed an initial Form 3 indicating zero beneficial ownership, a routine disclosure with limited market impact.
The Form 3 documents required Section 16 reporting for Landis Melvin F III and explicitly states "No securities are beneficially owned." This is a standard initial filing when a director has no reportable holdings. The filing includes the reporting person’s role as a director, the event date of 09/15/2025, and a signature executed by an attorney-in-fact on 09/24/2025. From a compliance perspective, the form meets disclosure format requirements but conveys no position-level information that would affect investor valuation.
TL;DR: Governance disclosure completed; absence of ownership by a director is notable for transparency but not material.
The document confirms the director relationship and a clean initial ownership position. While it establishes transparency around insider holdings, the absence of any beneficial ownership means there are no shares to analyze for insider buying or selling activity. The Exhibit list includes a Power of Attorney, and the filing appears properly executed. For investors, this is a neutral governance disclosure.