BRC Inc. (NYSE: BRCC) founder-linked LLC sells 2M Class A shares and converts units

Rhea-AI Filing Summary

BRC Inc. founder and major shareholder Evan Hafer reported several related transactions involving Class A and Class B shares and Common Units. An entity associated with him, EKNRH Holdings LLC, sold 2,000,000 Class A Common Stock shares in an open-market or private transaction at $1.49 per share.

On the same date, EKNRH Holdings LLC converted 2,000,000 Common Units of Authentic Brands LLC into an equivalent number of BRC Class A shares and forfeited 2,000,000 Class B Common Stock shares, consistent with the exchange structure described in the footnotes. After these moves, Hafer holds 80,000 Class A shares directly, while EKNRH Holdings LLC holds 2,000,000 Class A shares, 28,142,374 Class B shares, and 28,142,374 Common Units indirectly.

Insights

Equity ownership & governance analyst

Founder-linked entity sells 2M Class A shares alongside unit-for-share conversion.

The filing shows EKNRH Holdings LLC, associated with founder Evan Hafer, sold 2,000,000 Class A shares at $1.49 per share while simultaneously converting 2,000,000 Common Units into Class A shares and forfeiting the same number of Class B shares.

Footnotes explain that Class B shares carry voting rights but no economic rights, while Common Units plus Class B shares are exchangeable into Class A shares or cash at the issuer’s election. After these transactions, Hafer retains 80,000 Class A shares directly, and the associated entity holds 2,000,000 Class A shares, 28,142,374 Class B shares, and 28,142,374 Common Units, indicating a substantial continuing position.

Insider Trade Summary

Net Seller: 2,000,000 shares ($2,980,000)

Net Sell 5 txns

Insider Hafer Evan, EKNRH Holdings LLC

Role Founder | null

Sold 2,000,000 shs ($2.98M)

Type	Security	Shares	Price	Value
Conversion	Common Units	2,000,000	$0.00	--
Other	Class B Common Stock	2,000,000	$0.00	--
Conversion	Class A Common Stock	2,000,000	$0.00	--
Sale	Class A Common Stock	2,000,000	$1.49	$2.98M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Common Units — 28,142,374 shares (Indirect, Through EKNRH Holdings LLC); Class B Common Stock — 28,142,374 shares (Indirect, Through EKNRH Holdings LLC); Class A Common Stock — 2,000,000 shares (Indirect, Through EKNRH Holdings LLC); Class A Common Stock — 80,000 shares (Direct, null)

Footnotes (1)

1. The reported securities provide no economic rights in BRC Inc. (the "Issuer") to the holder thereof but each share of Class B Common Stock ("Class B Share") entitles the holder to one vote as a common stockholder of the Issuer. Represents the exchange of an aggregate of 2,000,000 common units of Authentic Brands LLC (the "Common Units") for an equivalent number of shares of Class A Common Stock ("Class A Shares") of the Issuer and the forfeiture of an equivalent number of Class B Shares of the Issuer. The Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of Class B Shares), at any time and from time to time, for an equivalent number of Class A Shares of the Issuer (or the cash value thereof, at the election of the Issuer).

Key Figures

Class A shares sold: 2,000,000 shares Sale price per share: $1.49 per share Class A from conversion: 2,000,000 shares +4 more

7 metrics

Class A shares sold 2,000,000 shares Open-market or private sale on 2026-06-01

Sale price per share $1.49 per share Class A Common Stock sale by EKNRH Holdings LLC

Class A from conversion 2,000,000 shares Converted from Common Units into Class A shares

Direct Class A holdings 80,000 shares Evan Hafer direct holdings after transactions

Indirect Class A holdings 2,000,000 shares Held through EKNRH Holdings LLC after conversion

Class B holdings 28,142,374 shares Held indirectly through EKNRH Holdings LLC after forfeiture

Common Units holdings 28,142,374 units Authentic Brands LLC Common Units via EKNRH Holdings LLC

Key Terms

Class B Common Stock, Common Units, derivative conversion, open-market sale, +1 more

5 terms

Class B Common Stock financial

"The reported securities provide no economic rights in BRC Inc. but each share of Class B Common Stock entitles the holder to one vote."

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Common Units financial

"Represents the exchange of an aggregate of 2,000,000 common units of Authentic Brands LLC for an equivalent number of shares."

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

derivative conversion financial

"Transaction action is described as derivative conversion with transaction code C."

open-market sale financial

"Transaction action is open-market sale with 2,000,000 Class A Common Stock shares sold."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner financial

"Reporting person EKNRH Holdings LLC is marked as a ten percent owner."

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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^*

Hafer Evan

(Last) (First) (Middle)

C/O BRC INC.

3131 W. 2210 S., SUITE C

(Street)

WEST VALLEY CITY UTAH 84119

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

	Form filed by One Reporting Person
X	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 B Common Stock(1)	06/01/2026		J(2)		2,000,000	D	$0	28,142,374	I	Through EKNRH Holdings LLC
Class A Common Stock	06/01/2026		C(2)		2,000,000	A	$0	2,000,000	I	Through EKNRH Holdings LLC
Class A Common Stock	06/01/2026		S		2,000,000	D	$1.49	0	I	Through EKNRH Holdings LLC
Class A Common Stock								80,000	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
Common Units(3)	(3)	06/01/2026		C(2)			2,000,000	08/09/2022	(3)	Class A Common Stock	2,000,000	$0	28,142,374	I	Through EKNRH Holdings LLC

1. Name and Address of Reporting Person^*

Hafer Evan

(Last) (First) (Middle)

C/O BRC INC.

3131 W. 2210 S., SUITE C

(Street)

WEST VALLEY CITY UTAH 84119

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

EKNRH Holdings LLC

(Last) (First) (Middle)

C/O BRC INC. 3131 W. 2210 S., SUITE C

(Street)

WEST VALLEY CITY UTAH 84119

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The reported securities provide no economic rights in BRC Inc. (the "Issuer") to the holder thereof but each share of Class B Common Stock ("Class B Share") entitles the holder to one vote as a common stockholder of the Issuer.

2. Represents the exchange of an aggregate of 2,000,000 common units of Authentic Brands LLC (the "Common Units") for an equivalent number of shares of Class A Common Stock ("Class A Shares") of the Issuer and the forfeiture of an equivalent number of Class B Shares of the Issuer.

3. The Common Units may be exchanged by the holder (upon forfeiture of an equivalent number of Class B Shares), at any time and from time to time, for an equivalent number of Class A Shares of the Issuer (or the cash value thereof, at the election of the Issuer).

Remarks:

	/s/ Andrew J. McCormick, as attorney-in-fact	06/03/2026
	** 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 transactions did BRC Inc. (BRCC) disclose for Evan Hafer and EKNRH Holdings LLC?

BRC Inc. reported that entity EKNRH Holdings LLC, associated with founder Evan Hafer, sold 2,000,000 Class A shares at $1.49 per share and converted 2,000,000 Common Units into 2,000,000 Class A shares while forfeiting 2,000,000 Class B shares on the same date.

How many BRC Inc. Class A shares were sold in the latest BRCC Form 4 filing?

The filing shows a sale of 2,000,000 shares of BRC Inc. Class A Common Stock. These shares were sold in an open-market or private transaction at $1.49 per share by EKNRH Holdings LLC, an entity through which Evan Hafer holds an indirect ownership interest in the company.

What exchange of Common Units and shares occurred in BRC Inc. (BRCC) for EKNRH Holdings LLC?

EKNRH Holdings LLC exchanged 2,000,000 Common Units of Authentic Brands LLC for 2,000,000 BRC Inc. Class A shares and forfeited 2,000,000 Class B shares. Footnotes state Common Units can be exchanged for Class A shares or their cash value, with corresponding forfeiture of Class B shares.

What are Evan Hafer’s direct BRC Inc. Class A holdings after the reported BRCC transactions?

After the reported transactions, Evan Hafer directly holds 80,000 shares of BRC Inc. Class A Common Stock. Additional BRC economic and voting interests are held indirectly through EKNRH Holdings LLC, which appears as a separate reporting person in the same Form 4 filing.

How many Class B shares and Common Units linked to BRCC does EKNRH Holdings LLC hold after the transactions?

Following the transactions, EKNRH Holdings LLC holds 28,142,374 shares of Class B Common Stock and 28,142,374 Common Units. Footnotes explain Class B shares provide voting rights without economic rights, while Common Units plus Class B shares are exchangeable into Class A shares or equivalent cash value.

What rights do BRC Inc. Class B shares and Common Units provide according to the BRCC Form 4 footnotes?

Footnotes state Class B shares provide no economic rights but grant one vote each as common stockholders. Common Units, together with forfeiture of an equivalent number of Class B shares, may be exchanged for an equal number of Class A shares of BRC Inc. or their cash value at the issuer’s election.