Maury Avi Epstein Files Schedule 13G for 11.24M BRCC Shares

Rhea-AI Filing Summary

Maury Avi Epstein reports beneficial ownership of 11,241,218 Class A-equivalent shares of BRC Inc., representing 8.99% of the company's common stock on the basis described in the filing. The shares are held directly by a trust for which the Reporting Person serves as trustee and by entities for which he serves as manager. These amounts reflect Class A Shares issuable with respect to 11,241,218 Class B Shares that are redeemable one-for-one for Class A Shares.

The ownership percentage is calculated using 113,820,789 Class A Shares outstanding as reported on the issuer's quarterly report, increased by the 11,241,218 Class A Shares issuable in respect of the Class B Shares; the filing notes 134,404,261 Class B Shares outstanding and cautions that the computed percentage may not represent the Reporting Person's actual voting power.

Positive

• Clear disclosure of beneficial ownership: 11,241,218 shares disclosed explicitly
• Material threshold exceeded: 8.99% beneficial ownership reported, above 5% reporting threshold
• Conversion mechanics explained: Class B Shares are redeemable one-for-one for Class A Shares, clarifying how ownership converts

Negative

• Voting-power ambiguity: Filing states 134,404,261 Class B Shares outstanding and notes the computed percentage may not reflect actual voting power
• No group affiliation clarity: Filing indicates not applicable for group items, but does not provide further detail on potential coordinated holders

Insights

Securities Analyst

TL;DR: Disclosure shows an 8.99% beneficial stake via trust and managed entities; conversion features affect share counts.

The filing states that Maury Avi Epstein, as trustee and manager, beneficially owns 11,241,218 shares, calculated as 8.99% of the combined Class A base used for the calculation. The filing explicitly ties those Class A interests to redeemable Class B Shares that convert one-to-one into Class A Shares, and it discloses sole voting and dispositive power over those shares. Investors should note the calculation basis: 113,820,789 Class A Shares plus the 11,241,218 issuable from Class B Shares. The registrant also reports 134,404,261 Class B Shares outstanding, which the filer identifies as a factor that may change actual voting influence.

Corporate Governance Expert

TL;DR: A clear Schedule 13G filing outlining beneficial ownership and conversion rights, with a caution on voting-power representation.

The statement discloses beneficial ownership through fiduciary and managerial roles rather than an acquiring group. It documents sole voting and dispositive powers for the 11,241,218 shares and explains the mechanics of Class B Shares redeemable for Class A Shares on a one-to-one basis. The filing explicitly warns that the numerical ownership percentage may not reflect actual voting power due to the large number of outstanding Class B Shares, a governance detail material to understanding control and voting dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BRC Inc.

(Name of Issuer)

Class A common stock, $0.0001 par value

(Title of Class of Securities)

05601U105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 05601U105

1

Names of Reporting Persons

Maury Avi Epstein

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,241,218.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,241,218.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,241,218.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.99 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Represents 11,241,218 shares of Class A Common Stock, ("Class A Shares") issuable in respect of 11,241,218 shares of Class B Common Stock, ("Class B Shares"), redeemable (with an equal number of common membership interests in Authentic Brands LLC ("Common Units")) for Class A Shares on a one-to-one basis at the option of the Reporting Person. Calculated based on (i) 113,820,789 Class A Shares outstanding as of July 28, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q filed on August 4, 2025, as increased by (ii) 11,241,218 Class A Shares issuable in respect of 11,241,218 Class B Shares. As of July 28, 2025, the registrant also had 134,404,261 Class B Shares outstanding and therefore the above ownership percentage may not be representative of the actual voting power of the Reporting Person.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BRC Inc.
(b)	Address of issuer's principal executive offices: 1144 S 500 W Salt Lake City, UT 84101
Item 2.
(a)	Name of person filing: This statement is filed by Maury Avi Epstein, as trustee of a trust and manager of certain entities, referred to herein as the "Reporting Person."
(b)	Address or principal business office or, if none, residence: C/O BRC Inc. 1144 S 500 W Salt Lake City, UT 84101
(c)	Citizenship: See response to Item 4 on the cover page.
(d)	Title of class of securities: Class A common stock, $0.0001 par value
(e)	CUSIP No.: 05601U105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See response to Item 9 on the cover page.
(b)	Percent of class: See response to Item 11 on the cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See response to Item 5 on the cover page.
	(ii) Shared power to vote or to direct the vote: See response to Item 6 on the cover page.
	(iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on the cover page.
	(iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on the cover page. The reported securities, which are directly held by a trust for which the Reporting Person serves as trustee and by certain entities for which the Reporting Person serves as manager, represents 11,241,218 Class A Shares issuable in respect of 11,241,218 Class B Shares. Such Class B Shares are redeemable, together with an equal number of Common Units, on a one-to-one basis for Class A Shares, constituting 8.99% beneficial ownership. The calculation of beneficial ownership is based on (i) 113,820,789 Class A Shares outstanding as of July 28, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q filed on August 4, 2025, as increased by (ii) 11,241,218 Class A Shares issuable in respect of 11,241,218 Class B Shares. As such, the Reporting Person may be deemed to have beneficial ownership over 8.99% of the Issuer's outstanding common stock. As of July 28, 2025, the registrant had 134,404,261 Class B Shares outstanding, and therefore the above ownership percentage may not be representative of the actual voting power of the Reporting Person. This filing of this Statement shall not be construed as an admission that the Reporting Person is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Maury Avi Epstein

Signature:	/s/ Maury Avi Epstein
Name/Title:	Maury Avi Epstein
Date:	08/11/2025

FAQ

How many BRCC shares does Maury Avi Epstein beneficially own?

11,241,218 Class A-equivalent shares, reported as beneficially owned by Maury Avi Epstein.

What percentage of BRCC common stock does that represent?

8.99% beneficial ownership, as calculated in the Schedule 13G.

How was the 8.99% ownership percentage calculated for BRCC?

Based on 113,820,789 Class A Shares outstanding as reported on the issuer's quarterly report, increased by 11,241,218 Class A Shares issuable in respect of the Class B Shares.

Does Maury Avi Epstein have voting or dispositive power over these shares?

Yes: the filing reports sole voting power and sole dispositive power over 11,241,218 shares and zero shared voting or dispositive power.

Are there other Class B shares that could affect voting power?

Yes: the filing discloses 134,404,261 Class B Shares outstanding and notes the ownership percentage may not represent actual voting power because of that.