[Form 4] BRC Inc. Insider Trading Activity

Rhea-AI Filing Summary

BRC Inc. director Melvin F. Landis III was granted 149,264 restricted stock units (RSUs) on 09/15/2025 under the 2022 Omnibus Incentive Plan. The award consists of 54,924 RSUs that vest on the first anniversary of the grant date and 94,340 RSUs that vest in three equal annual installments beginning on the first anniversary. Each RSU represents a contingent right to one share of the company’s Class A Common Stock upon settlement for no consideration.

The Form 4 was filed by a single reporting person and signed by an attorney-in-fact on 09/24/2025. Following the grant, the reporting person beneficially owns 149,264 shares directly. No exercise price applies since these are RSUs settled in common stock.

Insights

Corporate Governance Expert

TL;DR: Director received time-based equity to align long-term interests; vesting schedule is front-loaded then annual.

The grant of 149,264 RSUs uses standard time-based vesting: an initial one-year cliff for 54,924 units and three equal annual tranches for the remaining 94,340 units. This structure is commonly used to retain directors and align their incentives with shareholders over multiple years. The RSUs settle for shares with no cash consideration required, which increases potential share count upon settlement. The filing indicates direct beneficial ownership equal to the grant amount immediately after the award.

Securities Analyst

TL;DR: Significant equity award to a director; materiality depends on company share base, which is not disclosed here.

The Form 4 reports an award date of 09/15/2025 and beneficial ownership of 149,264 Class A shares following the grant. Because the document does not state total outstanding shares, market capitalization, or prior holdings, the absolute and relative dilutive impact cannot be assessed from this filing alone. The RSUs have no exercise price and will convert to shares on settlement dates per the vesting schedule.

Insider Trade Summary

Net Buyer: 149,264 shares

Net Buy 1 txn

Insider Landis Melvin F III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	149,264	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 149,264 shares (Direct)

Footnotes (1)

1. F1. Represents awards of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc. in the form of (i) 54,924 restricted stock units that vest on the first anniversary of the grant date and (ii) 94,340 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration.

FAQ

What did BRC Inc. insider Melvin F. Landis III receive on 09/15/2025 (BRCC)?

He was granted 149,264 restricted stock units (RSUs) under the 2022 Omnibus Incentive Plan on 09/15/2025.

How do the RSUs awarded to the director vest?

The award comprises 54,924 RSUs that vest on the first anniversary and 94,340 RSUs that vest in three equal annual installments beginning on the first anniversary.

Do the RSUs have an exercise price?

No. Each RSU represents a contingent right to one share of Class A Common Stock upon settlement for no consideration.

How many shares does the reporting person beneficially own after the transaction?

The reporting person beneficially owns 149,264 shares following the reported transaction.

Was the Form 4 filed jointly or by one person?

The Form 4 indicates it was filed by one reporting person and was signed by an attorney-in-fact on 09/24/2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/24/2025 - 05:26 PM Learn about SEC filing dates

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).

1. Name and Address of Reporting Person^*

Landis Melvin F III

(Last) (First) (Middle)

C/O BRC INC., 1144 S 500 W

(Street)

SALT LAKE CITY UT 84101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRC Inc. [ BRCC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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(1)	09/15/2025		A		149,264	A	$0	149,264	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. Represents awards of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc. in the form of (i) 54,924 restricted stock units that vest on the first anniversary of the grant date and (ii) 94,340 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration.

Remarks:

	/s/ Andrew J. McCormick, as attorney-in-fact	09/24/2025
	** 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.