BRC Inc. (NYSE: BRCC) counsel uses share withholding to cover taxes

Rhea-AI Filing Summary

BRC Inc. reported an insider tax-related share disposition by its General Counsel and Corporate Secretary, Andrew J. McCormick. On March 6, 2026, the company withheld 6,571 shares of Class A common stock at $0.7844 per share to cover his tax obligations upon vesting of restricted stock units. After this withholding, McCormick directly owned 576,187 shares of BRC Class A common stock.

Insider Trade Summary

Net Seller: 6,571 shares

Net Sell 1 txn

Insider McCormick Andrew J.

Role Gen. Counsel & Corp. Secretary

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	6,571	$0.7844	$5K

Holdings After Transaction: Class A Common Stock — 576,187 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.

FAQ

What insider transaction did BRC Inc. (BRCC) disclose in this Form 4?

BRC Inc. disclosed that General Counsel Andrew J. McCormick had 6,571 Class A shares withheld to satisfy tax obligations from vesting restricted stock units. This was a tax-withholding disposition, not an open-market buy or sell transaction, and was executed by the issuer.

How many BRC Inc. (BRCC) shares were involved in Andrew McCormick’s tax withholding?

The transaction involved 6,571 shares of BRC Inc. Class A common stock. These shares were withheld by the company to cover Andrew McCormick’s tax liability arising from the vesting of restricted stock units, rather than being sold on the open market.

At what price were the withheld BRC Inc. (BRCC) shares valued in the Form 4?

The withheld shares were valued at $0.7844 per share in the Form 4. This price is used solely for reporting the tax-withholding disposition related to the vesting of restricted stock units granted to General Counsel Andrew J. McCormick.

How many BRC Inc. (BRCC) shares does Andrew McCormick own after this transaction?

After the tax-withholding disposition, Andrew J. McCormick directly owned 576,187 shares of BRC Inc. Class A common stock. This balance reflects his holdings following the 6,571 shares withheld by the issuer for tax obligations tied to restricted stock unit vesting.

Was the BRC Inc. (BRCC) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The filing describes a tax-withholding disposition, where BRC Inc. withheld 6,571 shares from Andrew McCormick upon restricted stock unit vesting to satisfy his tax obligations, rather than selling shares through the market.

What does transaction code "F" mean in the BRC Inc. (BRCC) Form 4 filing?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, BRC Inc. withheld 6,571 shares from Andrew McCormick’s restricted stock unit vesting to cover his tax withholding obligations, instead of him selling shares for cash.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/09/2026 - 04:28 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).

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^*

McCormick Andrew J.

(Last) (First) (Middle)

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

(Street)

WEST VALLEY CITY UT 84119

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Gen. Counsel & Corp. Secretary

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		F		6,571(1)	D	$0.7844	576,187	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 shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.

Remarks:

	/s/ Andrew McCormick	03/09/2026
	** 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.