STOCK TITAN

Boost Run director reports 10.28% ownership

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Boost Run Inc. (BRUN) received an amended Schedule 13D from Sean Goodrich and Goodrich ILMJS LLC, reporting beneficial ownership of 5,136,121 shares of Class A Common Stock, or 10.28% of the class as of August 28, 2026. Mr. Goodrich, a non‑employee director of Boost Run Inc., is the managing member of the SPV and holds voting and investment discretion over these securities, while disclaiming beneficial ownership beyond any pecuniary interest.

On August 19, 2026, the reporting persons exercised 1,101,968 Private Placement Warrants at $11.50 per warrant, receiving the same number of Class A shares, following the company’s notice that any warrants remaining unexercised by August 20, 2026 would be redeemed for $0.01 per warrant. The SPV previously acquired founder shares and private warrants from the sponsor and received 1,968,750 earnout shares under an Earnout Agreement tied to VWAP price thresholds. Various agreements, including a Transfer Agreement, Registration Rights Agreement, Earnout Agreement, Letter Agreement and Escrow Agreement, govern transfer restrictions and registration rights related to these holdings.

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Beneficial ownership 5,136,121 shares of Class A Common Stock Shares beneficially owned by the reporting persons as of August 28, 2026
Ownership percentage 10.28% Percent of Boost Run Inc. Class A Common Stock beneficially owned
Private Placement Warrants exercised 1,101,968 warrants at $11.50 Exercised on August 19, 2026 into 1,101,968 Class A shares
Warrant redemption price $0.01 per warrant Redemption price for warrants remaining unexercised as of August 20, 2026
SPV Earnout Shares 1,968,750 shares Earnout shares issued to the SPV on June 11, 2026 under Earnout Agreement
Founder Shares purchased 1,272,885 Founder Shares at $1.75 per share Acquired by the SPV on September 15, 2025 from the sponsor
Aggregate purchase price for Founder Shares $2,227,548.75 Total paid by the SPV for Founder Shares under the Transfer Agreement
VWAP performance thresholds $12.50, $15.00 and $17.50 per share Price triggers for earning SPV Earnout Shares during the three‑year Earnout Period
beneficially own financial
"may be deemed to beneficially own 5,136,121 shares of Class A Common Stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Private Placement Warrants financial
"exercised 1,101,968 Private Placement Warrants at an exercise price of $11.50"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
Registration Rights Agreement financial
"the SPV entered into a Registration Rights Agreement with the Company"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Earnout Agreement financial
"the SPV entered into the Earnout Agreement, pursuant to which the SPV was entitled"
VWAP financial
"based upon the Class A Common Stock achieving VWAP performance thresholds"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
Business Combination financial
"In connection with the Business Combination, the SPV entered into a Registration Rights Agreement"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

FAQ

How much of Boost Run Inc. (BRUN) does Sean Goodrich currently beneficially own?

Sean Goodrich and Goodrich ILMJS LLC may be deemed to beneficially own 5,136,121 shares of Boost Run Inc. Class A Common Stock, representing approximately 10.28% of the outstanding Class A shares as of August 28, 2026, based on shares outstanding reported in a Form 10‑Q.

What warrant exercise did the BRUN Schedule 13D/A report for Sean Goodrich?

On August 19, 2026, the reporting persons exercised 1,101,968 Private Placement Warrants at an exercise price of $11.50 per warrant, receiving 1,101,968 shares of Boost Run Inc. Class A Common Stock as a result of the warrant exercise.

Why did Sean Goodrich exercise Boost Run Inc. (BRUN) warrants in August 2026?

The exercise followed a company notice stating that any outstanding warrants to purchase Class A Common Stock would be redeemed on August 20, 2026 for $0.01 per warrant if unexercised. The reporting persons exercised 1,101,968 Private Placement Warrants before this redemption deadline.

What was the original acquisition cost for BRUN founder shares and warrants by the SPV?

On September 15, 2025, the SPV purchased 1,272,885 Founder Shares and 1,101,986 Private Warrants from the sponsor at $1.75 per Founder Share, for an aggregate purchase price of $2,227,548.75, under a Transfer Agreement.

What governance role does Sean Goodrich have at Boost Run Inc. (BRUN)?

Sean Goodrich serves as a non‑employee member of the Board of Directors of Boost Run Inc. As a director, he may have influence over corporate activities of the company, including matters related to the securities described in the Schedule 13D/A amendment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09940T100

(CUSIP Number)
Boost Run Inc.
5 Revere Drive, Suite 200,,
Northbrook, IL, 60062
(847) 489-3367

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/19/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) In reference to Items 7, 9 and 11, represents 5,136,121 shares of Class A Common Stock held by the SPV. Mr. Goodrich, as managing member of the SPV, holds voting and investment discretion over such securities. (2) In reference to Item 13, based on a total of 49,954,423 shares of Class A Common Stock of the Issuer as of August 17, 2026 reported in the Issuer's Quarterly Report on Form 10-Q filed on August 18, 2026 with the Securities and Exchange Commission.


SCHEDULE 13D




Comment for Type of Reporting Person:
(3) In reference to Items 7, 9 and 11, consists of 5,136,121 shares of Class A Common Stock held directly by the SPV. Mr. Goodrich, as managing member of the SPV, directs voting and dispositive decisions with respect to securities held by the SPV. (4) In reference to Item 13, based on a total of 49,954,423 shares of Class A Common Stock of the Issuer as of August 17, 2026 reported in the Issuer's Quarterly Report on Form 10-Q filed on August 18, 2026 with the Securities and Exchange Commission.


SCHEDULE 13D


Sean Goodrich
Signature:/s/ Sean Goodrich
Name/Title:Sean Goodrich
Date:08/28/2026
Goodrich ILMJS LLC
Signature:/s/ Sean Goodrich
Name/Title:Sean Goodrich/Managing Member
Date:08/28/2026