Boost Run (BRUN) director exercises 1.1M warrants, then sells shares
Rhea-AI Filing Summary
Boost Run Inc. (BRUN) reported insider activity by director Sean Goodrich involving indirect holdings through LLCs. On 2026-08-19, Goodrich ILMJS LLC exercised 1,101,986 Warrants with a $11.50 exercise price, converting them into 1,101,986 shares of Class A Common Stock held indirectly. The corresponding Warrant position reported in this filing fell to 0. On 2026-08-27, Goodrich ILJMS LLC sold 198,200 shares of Class A Common Stock at $20.15 per share, leaving 4,937,921 shares of Class A Common Stock held indirectly. A footnote states that Goodrich ILMJS LLC is the record holder, that Mr. Goodrich is its managing member with voting and investment discretion over those shares, and that he disclaims beneficial ownership except to the extent of his pecuniary interest.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Goodrich Sean
Role
Director
Sold
198,200 shs ($3.99M)
Approx. gross sale proceeds
$3.99M
Approx. exercise cost
$12.67M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 198,200 | $20.15 | $3.99M |
| Exercise | Warrants F1 | 1,101,986 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 1,101,986 | $11.50 | $12.67M |
Holdings After Transaction:
Warrants — 0 shares (Indirect, By Goodrich ILMJS LLC);
Class A Common Stock — 5,136,121 shares (Indirect, By Goodrich ILMJS LLC);
Class A Common Stock — 4,937,921 shares (Indirect, By Goodrich ILJMS LLC)
Footnotes (1)
- F1. Goodrich ILMJS LLC is the record hold of such securities. Mr. Goodrich is the managing member of Goodrich ILMJS LLC and holds and holds voting and investment discretion with respect to the shares of Boost Run Inc. Class A Common Stock held of record by Goodrich ILMJS LLC. Mr. Goodrich disclaims any beneficial ownership of the securities held by Goodrich ILMJS LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Shares sold: 198,200 shares of Class A Common Stock
Sale price: $20.15 per share
Warrants exercised: 1,101,986 Warrants
+5 more
8 metrics
Shares sold
198,200 shares of Class A Common Stock
Sale on 2026-08-27 by Goodrich ILJMS LLC at $20.15 per share
Sale price
$20.15 per share
Price for 198,200 Class A Common Stock shares sold on 2026-08-27
Warrants exercised
1,101,986 Warrants
Exercised on 2026-08-19 by Goodrich ILMJS LLC into Class A Common Stock
Warrant exercise price
$11.50 per share
Exercise or conversion price for 1,101,986 Warrants into Class A Common Stock
Shares acquired via exercise
1,101,986 shares of Class A Common Stock
Non-derivative shares received on 2026-08-19 following Warrant exercise
Shares held after sale
4,937,921 shares of Class A Common Stock
Indirectly held by Goodrich ILJMS LLC after 198,200-share sale on 2026-08-27
Expiration date of Warrants
2031-05-08
Original expiration date for the 1,101,986 Warrants that were exercised
Exercise date of Warrants
2026-06-08
Exercise date associated with the Warrant derivative security before reporting the 2026-08-19 transaction
Key Terms
Warrants, derivative security, indirect, pecuniary interest
4 terms
Warrants financial
"security_title: "Warrants"; underlying security is Class A Common Stock"
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect financial
"ownership_type: "indirect" with nature of ownership by LLC entities"
pecuniary interest financial
"disclaims any beneficial ownership ... other than to the extent of any pecuniary interest"
FAQ
What insider transactions did BRUN director Sean Goodrich report in this Form 4?
Sean Goodrich, through entities Goodrich ILMJS LLC and Goodrich ILJMS LLC, reported exercising 1,101,986 Warrants into Class A Common Stock at a $11.50 exercise price on 2026-08-19 and selling 198,200 shares of Class A Common Stock at $20.15 per share on 2026-08-27.
What Warrants did the BRUN insider exercise and what was the exercise price?
On 2026-08-19, Goodrich ILMJS LLC exercised 1,101,986 Warrants for Boost Run Inc. Class A Common Stock at an exercise price of $11.50 per share. These Warrants, which were derivative securities, were fully exercised, leaving 0 Warrants reported after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
