STOCK TITAN

Goodrich ILMJS LLC (NASDAQ: BRUN) reports 12.65% Boost Run stake

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

Rhea-AI Filing Summary

Boost Run Inc. insider filings show that Sean Goodrich and Goodrich ILMJS LLC beneficially own 4,034,135 shares of Class A Common Stock, or 12.65% of the company. These holdings are held through Goodrich ILMJS LLC, an SPV that Mr. Goodrich manages.

The stake consists of 2,065,385 common shares and 1,968,750 SPV Earnout Shares earned after share-price performance conditions were met. The SPV also holds 1,101,986 Private Warrants with a 4.9% (or 9.8% at the holder's election) beneficial ownership limitation on exercise. Ownership percentages are based on 31,895,656 shares outstanding as of June 1, 2026.

Positive

  • None.

Negative

  • None.

Insights

Goodrich discloses a 12.65% economic stake in Boost Run via an SPV.

The filing shows Sean Goodrich, through Goodrich ILMJS LLC, holds 4,034,135 Boost Run Class A shares, or 12.65% of the company, plus 1,101,986 Private Warrants. The position combines founder shares and performance-based SPV Earnout Shares tied to earlier SPAC and earnout agreements.

Because Mr. Goodrich manages the SPV and serves on Boost Run’s board, this stake gives him notable voting influence while remaining a minority holder relative to 31,895,656 shares outstanding as of June 1, 2026. Private Warrants include a 4.9%/9.8% beneficial ownership cap, limiting additional equity from exercises at any one time.

Future activity will reflect how the SPV uses registration rights, earnout shares and warrants within existing contractual restrictions. Subsequent company filings may give more detail on any sales, additional acquisitions, or warrant exercises stemming from this disclosed position.

Beneficially owned shares 4,034,135 shares Class A Common Stock beneficially owned by Goodrich and Goodrich ILMJS LLC
Ownership percentage 12.65% Percent of Boost Run Class A based on 31,895,656 shares outstanding as of June 1, 2026
Shares outstanding 31,895,656 shares Boost Run Class A shares outstanding as of June 1, 2026
Private Warrants held 1,101,986 warrants Private Warrants held by the SPV with beneficial ownership limitation
Founder share purchase price $1.75 per Founder Share Price paid under the September 15, 2025 Transfer Agreement
Aggregate purchase price $2,227,548.75 Total paid for 1,272,885 Founder Shares under the Transfer Agreement
SPV Earnout Shares 1,968,750 shares Earnout shares issued June 11, 2026 after VWAP thresholds were met
Earnout VWAP thresholds $12.50, $15.00, $17.50 per share Share-price performance levels in the three-year Earnout Period
Private Warrants financial
"Excludes 1,101,986 shares of Class A Common Stock issuable upon the exercise of 1,101,986 Private Warrants"
A private warrant is a contract sold directly to selected investors that gives the holder the right to buy a company’s stock at a fixed price in the future. Think of it as a coupon for shares that isn’t offered on public markets: it can provide the company with future cash if exercised but can also dilute existing shareholders by increasing the number of outstanding shares, so investors watch exercise price, expiration and transfer restrictions closely.
SPV Earnout Shares financial
"the SPV was entitled to earn up to 1,968,750 additional shares of Class A Common Stock ("SPV Earnout Shares")"
VWAP financial
"based upon the Class A Common Stock achieving volume-weighted average price ("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.
beneficial ownership limitation financial
"Private Warrants contain a 4.9% (or 9.8% at the holder's election) beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
Registration Rights Agreement financial
"the SPV entered into a Registration Rights Agreement with the Company, pursuant to which the SPV has demand and piggyback registration rights"
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
"pursuant to the Earnout Agreement, the SPV was entitled to earn up to 1,968,750 additional shares"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google





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)
05/12/2026

(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 4,034,135 shares of Class A Common Stock held by Goodrich ILMJS LLC, consisting of (i) 2,065,385 shares of Class A Common Stock and (ii) 1,968,750 SPV Earnout Shares. Mr. Goodrich, as managing member of the SPV, holds voting and investment discretion over such securities. (2) In reference to Item 11, excludes 1,101,986 shares of Class A Common Stock issuable upon the exercise of 1,101,986 Private Warrants, which are subject to a 4.9% (or 9.8% at the holder's election) beneficial ownership limitation. (3) In reference to Item 13, based on a total of 31,895,656 shares of Class A Common Stock of the Issuer as of June 1, 2026 reported in the Issuer's Quarterly Report on Form 10-Q filed on June 1, 2026 with the Securities and Exchange Commission.


SCHEDULE 13D




Comment for Type of Reporting Person:
(4) In reference to Items 7, 9 and 11, consists of 4,034,135 shares of Class A Common Stock held directly by the SPV, including (i) 2,065,385 shares of Class A Common Stock and (ii) 1,968,750 SPV Earnout Shares. Excludes 1,101,986 Private Warrants subject to the 4.9% (or 9.8% at the holder's election) beneficial ownership limitation. Mr. Goodrich, as managing member of the SPV, directs voting and dispositive decisions with respect to securities held by the SPV. (5) In reference to Item 13, based on a total of 31,895,656 shares of Class A Common Stock of the Issuer as of June 1, 2026 reported in the Issuer's Quarterly Report on Form 10-Q filed on June 1, 2026 with the Securities and Exchange Commission.


SCHEDULE 13D


Sean Goodrich
Signature:/s/ Sean Goodrich
Name/Title:Sean Goodrich
Date:06/15/2026
Goodrich ILMJS LLC
Signature:/s/ Sean Goodrich
Name/Title:Sean Goodrich/Managing Member
Date:06/15/2026

FAQ

What percentage of Boost Run (BRUN) shares does Sean Goodrich beneficially own?

Sean Goodrich beneficially owns 12.65% of Boost Run’s Class A Common Stock. This corresponds to 4,034,135 shares held through Goodrich ILMJS LLC, including both common shares and SPV Earnout Shares, based on 31,895,656 shares outstanding as of June 1, 2026.

How many Boost Run (BRUN) shares are held by Goodrich ILMJS LLC?

Goodrich ILMJS LLC holds 4,034,135 Boost Run Class A shares. The position includes 2,065,385 standard Class A shares and 1,968,750 SPV Earnout Shares issued after VWAP performance targets were met, all reported as beneficially owned in the Schedule 13D.

How did Goodrich ILMJS LLC acquire its Boost Run (BRUN) stake?

The SPV acquired its stake through a Transfer Agreement and SPAC business combination. It purchased 1,272,885 founder shares and 1,101,986 Private Warrants at $1.75 per founder share, then received additional shares upon the Willow Lane–Boost Run business combination and earnout issuances.

What earnout terms applied to the Boost Run (BRUN) SPV Earnout Shares?

The SPV could earn up to 1,968,750 additional shares under an Earnout Agreement. These SPV Earnout Shares depended on Boost Run’s VWAP reaching $12.50, $15.00 and $17.50 during a three-year period; all earnout shares were issued on June 11, 2026.

What registration rights does Goodrich ILMJS LLC have for its Boost Run (BRUN) securities?

The SPV has demand and piggyback registration rights for its Boost Run securities. A Registration Rights Agreement tied to the business combination allows the SPV to request or join certain registered offerings, subject to the detailed terms of that agreement.