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Boost Run (BRUN) director reports 2.07M-share 6.48% stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Boost Run Inc. director Sean Goodrich has filed a Schedule 13D reporting beneficial ownership of 2,065,385 shares of Class A common stock, representing 6.48% of the class. The shares are held of record by Goodrich ILMJS LLC, where he is managing member with voting and investment discretion.

The position arises from Boost Run’s SPAC business combination completed on May 8, 2026, and related agreements. A Transfer Agreement with Willow Lane Sponsor, LLC covers 27.5% of 4,628,674 Founder Shares and 27.5% of 4,007,222 warrants at $1.75 per Founder Share, with securities held in escrow until closing conditions are met. An Earnout Agreement allows the sponsor to earn up to 1,125,000 shares and the SPV up to 1,968,750 shares based on Class A stock performance, alongside lock-up and registration rights arrangements that govern when and how these securities may be sold.

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Beneficial ownership 2,065,385 shares Class A common stock; 6.48% of class
Ownership percentage 6.48% Percent of Boost Run Class A common stock
Founder Shares transfer base 4,628,674 Founder Shares 27.5% subject to Transfer Agreement
Warrants transfer base 4,007,222 warrants 27.5% subject to Transfer Agreement
Transfer price per Founder Share $1.75 per Founder Share Consideration for transferred Founder Shares
SPV earnout shares 1,968,750 shares Maximum earnout for Goodrich ILMJS LLC
Sponsor earnout shares 1,125,000 shares Maximum earnout for Willow Lane Sponsor, LLC
Business Combination closing date May 8, 2026 Completion of SPAC merger creating Boost Run Inc.
Business Combination Agreement financial
"pursuant to that certain Business Combination Agreement dated as of September 15, 2025, as amended"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
Lock-Up Agreements financial
"the Company entered into Lock-Up Agreements with certain stockholders of Legacy Boost Run"
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.
Registration Rights Agreement financial
"entered into an Amended and Restated Registration Rights Agreement pursuant to which it agreed to register for resale"
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.
Amended and Restated Transfer Agreement financial
"entered into an Amended and Restated Transfer Agreement to amend and restate the original transfer agreement"
Earnout Agreement financial
"entered into an Earnout Agreement providing that the Sponsor may earn up to 1,125,000 earnout shares"
Founder Shares financial
"27.5% of the 4,628,674 Class B ordinary shares of Willow Lane (the "Founder Shares")"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.





09940T100

(CUSIP Number)
Sean Goodrich
c/o 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)
05/08/2026

(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:
In reference to Items 7, 9, 11 and 13, 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 Pubco Class A Common Stock held of record by Goodrich ILMJS LLC. Goodrich ILMJS LLC 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 Willow Lane Sponsor, LLC and Goodrich ILMJS LLC.


SCHEDULE 13D


Sean Goodrich
Signature:/s/ Sean Goodrich
Name/Title:Sean Goodrich
Date:05/15/2026

FAQ

What ownership stake in Boost Run Inc. (BRUN) does Sean Goodrich report?

Sean Goodrich reports beneficial ownership of 2,065,385 shares of Boost Run Class A common stock, representing 6.48% of the class. The shares are held through Goodrich ILMJS LLC, where he has voting and investment discretion.

How does Goodrich hold his Boost Run (BRUN) shares?

The shares are held of record by Goodrich ILMJS LLC, an entity managed by Sean Goodrich. As managing member, he holds voting and investment discretion over the Class A common stock attributed to this LLC.

What SPAC business combination created Boost Run Inc. (BRUN)?

Boost Run became publicly traded after a business combination completed on May 8, 2026 involving Willow Lane Acquisition Corp., Legacy Boost Run, and merger subsidiaries. SPAC and Boost Run became wholly owned subsidiaries of the new Delaware corporation.

What are the key terms of the Transfer Agreement involving Goodrich and Boost Run (BRUN)?

Goodrich ILMJS LLC agreed to purchase 27.5% of 4,628,674 Founder Shares and 27.5% of 4,007,222 warrants from Willow Lane Sponsor at $1.75 per Founder Share. Completion must occur within six months of closing, with securities held in escrow.

What potential earnout shares are tied to Boost Run Inc. (BRUN) performance?

An Earnout Agreement provides that the sponsor may earn up to 1,125,000 earnout shares and Goodrich ILMJS LLC up to 1,968,750 earnout shares. These depend on Class A common stock performance during a defined Earnout Period.

What lock-up and registration rights affect Boost Run (BRUN) shareholders in this filing?

Certain Legacy Boost Run holders entered Lock-Up Agreements restricting sales of equity during a set period. An Amended and Restated Registration Rights Agreement requires Boost Run to register for resale specified common stock and other securities held by certain stockholders.