Boost Run Inc. (BRUN) director reports multi-million share and warrant stake
Rhea-AI Filing Summary
Boost Run Inc. director and ten percent owner Weil B. Luke reported his initial holdings in a Form 3. The filing shows that securities are held indirectly through Willow Lane Sponsor, LLC, which is the record holder. Mr. Weil is the sole managing member of the Sponsor and has voting and investment discretion over these holdings, while disclaiming beneficial ownership beyond any pecuniary interest.
The Sponsor holds 4,628,674 shares of Class A common stock and 4,007,222 warrants, each warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share until May 8, 2031, subject to a 9.8% ownership blocker. This Form 3 reflects existing positions rather than new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Weil B. Luke
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Warrants — 4,007,222 shares (Indirect, By Willow Lane Sponsor, LLC);
Class A Common Stock, par value $0.0001 per share — 4,628,674 shares (Indirect, By Willow Lane Sponsor, LLC)
Footnotes (1)
- Willow Lane Sponsor, LLC (the "Sponsor"), is the record holder of such securities. Mr. Weil is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the shares of Class A Common Stock held of record by the Sponsor. Mr. Weil disclaims any beneficial ownership of the securities held by Willow Lane's Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The Sponsor is attributed beneficial ownership over the 1,272,885 shares of Class A Common Stock and 1,101,986 Warrants which may be transferred pursuant to the Amended and Restated Transfer Agreement, dated as of April 24, 2026, between the Sponsor and Goodrich ILMJS LLC. Exercise is subject to a 9.8% blocker
Key Figures
Class A common stock held: 4,628,674 shares
Warrants held: 4,007,222 warrants
Warrant exercise price: $11.50 per share
+3 more
6 metrics
Class A common stock held
4,628,674 shares
Indirectly held by Willow Lane Sponsor, LLC as reported on Form 3
Warrants held
4,007,222 warrants
Indirectly held by Willow Lane Sponsor, LLC; underlying Class A shares
Warrant exercise price
$11.50 per share
Exercise price for warrants into Class A common stock
Warrant expiration
May 8, 2031
Expiration date of Boost Run warrants reported as held
Ownership blocker
9.8%
Blocker limiting exercises that would exceed 9.8% ownership
Underlying shares for warrants
4,007,222 shares
Class A common stock underlying the reported warrants
Key Terms
beneficial ownership, pecuniary interest, 9.8% blocker, warrants, +1 more
5 terms
beneficial ownership financial
"Mr. Weil disclaims any beneficial ownership of the securities held by Willow Lane's Sponsor other than to the extent of any pecuniary interest he may have therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims any beneficial ownership of the securities held by Willow Lane's Sponsor other than to the extent of any pecuniary interest he may have therein"
9.8% blocker financial
"Exercise is subject to a 9.8% blocker"
warrants financial
"The Sponsor is attributed beneficial ownership over the 1,272,885 shares of Class A Common Stock and 1,101,986 Warrants which may be transferred"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Amended and Restated Transfer Agreement financial
"which may be transferred pursuant to the Amended and Restated Transfer Agreement, dated as of April 24, 2026, between the Sponsor and Goodrich ILMJS LLC"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider position in Boost Run Inc. (BRUN) does Weil B. Luke report?
Weil B. Luke reports an indirect position through Willow Lane Sponsor, LLC. The Sponsor holds 4,628,674 shares of Class A common stock and 4,007,222 warrants, with Mr. Weil having voting and investment discretion but disclaiming beneficial ownership beyond his pecuniary interest.
How many Boost Run Inc. (BRUN) warrants are held and at what exercise price?
Willow Lane Sponsor, LLC holds 4,007,222 warrants of Boost Run Inc. Each warrant is exercisable into one share of Class A common stock at an exercise price of $11.50 per share, with an expiration date in May 2031 and subject to a 9.8% blocker.
What is the 9.8% blocker mentioned in the Boost Run Inc. (BRUN) Form 3?
The 9.8% blocker limits warrant exercises that would push ownership above 9.8%. This kind of provision prevents a holder from exceeding a specified ownership threshold when converting or exercising securities, effectively capping the voting and economic stake from these warrants.
Are the Boost Run Inc. (BRUN) securities held directly by Weil B. Luke?
No, the securities are held of record by Willow Lane Sponsor, LLC. Mr. Weil is the sole managing member with voting and investment discretion but disclaims beneficial ownership of securities held by the Sponsor except to the extent of any direct or indirect pecuniary interest.
Does the Boost Run Inc. (BRUN) Form 3 show recent insider buying or selling?
The Form 3 lists existing holdings rather than recent trades. It reports indirect ownership of Class A common stock and warrants through Willow Lane Sponsor, LLC, with transaction codes indicating holdings and no buy or sell transactions recorded in the summarized data.