BRC Inc. (BRCC) CEO reports tax-withheld share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRC Inc. President and CEO Christopher Mondzelewski reported a tax-related share disposition. On this Form 4, 28,864 shares of Class A Common Stock were withheld by the company at $0.7844 per share to satisfy his tax obligations from vested restricted stock units. After this withholding, he directly holds 1,411,303 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mondzelewski Christopher
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 28,864 | $0.7844 | $23K |
Holdings After Transaction:
Class A Common Stock — 1,411,303 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BRCC report for its CEO?
BRC Inc. reported that President and CEO Christopher Mondzelewski had 28,864 Class A shares withheld to cover taxes from vested restricted stock units. This is a tax-withholding disposition, not an open-market sale or purchase of shares.
Was the BRCC CEO’s Form 4 transaction an open-market sale?
No. The Form 4 shows shares withheld by BRC Inc. to satisfy Christopher Mondzelewski’s tax obligations from restricted stock units vesting. It is classified as a tax-withholding disposition, not a discretionary open-market sale of the company’s Class A Common Stock.
What does transaction code F mean in the BRCC Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this BRCC filing, it reflects 28,864 shares withheld by the issuer from Christopher Mondzelewski to cover tax withholding related to vesting restricted stock units.