STOCK TITAN

B. Luke Weil discloses 12.25% Boost Run (BRUN) stake via SPAC sponsor

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

Rhea-AI Filing Summary

Boost Run Inc. insider B. Luke Weil has disclosed a significant stake in the company’s Class A common stock. Weil is the beneficial owner of 3,906,023 shares, representing 12.25% of the class, through direct holdings, sponsor interests, earnout shares and warrants based on 31,895,656 shares outstanding as of June 1, 2026.

Willow Lane Sponsor, LLC, the SPAC sponsor controlled by Weil, beneficially owns 2,038,632 shares, or 6.39% of the class, including 1,125,000 potential Sponsor Earnout Shares tied to share-price performance. Weil also has a consulting agreement for up to 336,000 additional shares that vest only if the stock hits specified VWAP price thresholds.

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Weil beneficial ownership 3,906,023 shares Class A common stock beneficially owned by B. Luke Weil
Weil ownership percentage 12.25% Percent of Class A common stock based on 31,895,656 shares
Shares outstanding 31,895,656 shares Boost Run Class A common stock outstanding as of June 1, 2026
Sponsor share holdings 2,038,632 shares Class A common stock beneficially owned by Willow Lane Sponsor, LLC
Sponsor ownership percentage 6.39% Percent of Class A common stock held by Willow Lane Sponsor, LLC
Private Warrants retained 2,905,236 warrants Private Warrants retained by the sponsor after transfer to SPV
Consulting equity potential 336,000 shares Maximum Boost Run shares under Weil Consulting Agreement
Transfer Agreement consideration $2,227,548.75 Aggregate purchase price for 1,272,885 Founder Shares at $1.75 each
beneficial owner financial
"B. Luke Weil is the beneficial owner of 3,906,023 shares of Class A Common Stock"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Private Warrants financial
"the Sponsor purchased 4,007,222 Private Placement Warrants (the "Private Warrants") at a price of $1.00 per warrant"
Registration Rights Agreement financial
"the Sponsor entered into a Registration Rights Agreement with the Company, pursuant to which the Sponsor 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.
VWAP financial
"shares vest upon the Company's Class A Common Stock achieving volume-weighted average price ("VWAP") thresholds of $12.00, $14.50, and $17.50 per share"
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.
Earnout Agreement financial
"the Sponsor entered into the Earnout Agreement in connection with the Business Combination, pursuant to which the Sponsor may earn up to 1,125,000 additional shares"
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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)
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 and 9, this represents 2,038,632 shares of Class A Common Stock held directly by Mr. Weil or attributable to Mr. Weil through the Sponsor following distributions, including 1,125,000 Sponsor Earnout Shares. Does not include up to 336,000 shares issuable pursuant to the Weil Consulting Agreement or shares underlying Private Warrants. (2) In reference to Item 9, this consists of (i) 2,038,632 shares of Class A Common Stock held directly or through the Sponsor (including 1,125,000 Sponsor Earnout Shares), (ii) up to 336,000 shares of Class A Common Stock issuable pursuant to the Weil Consulting Agreement, and (iii) 1,531,391 shares of Class A Common Stock underlying Private Warrants held by the Sponsor that are attributable to Mr. Weil. (3) In reference to Item 12, this is 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, this represents 2,038,632 shares of Class A Common Stock retained by the Sponsor after the transfer of 1,272,885 shares to the SPV on June 9, 2026, including 1,125,000 Sponsor Earnout Shares received on June 11, 2026. Mr. Weil, as sole managing member of the Sponsor, directs voting and dispositive decisions with respect to securities held by the Sponsor. Excludes 2,905,236 Private Warrants retained by Sponsor. (5) In reference to Item 13, this is 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


B. Luke Weil
Signature:/s/ B. Luke Weil
Name/Title:B. Luke Weil
Date:06/15/2026
Willow Lane Sponsor, LLC
Signature:/s/ B. Luke Weil
Name/Title:B. Luke Weil/Managing Member
Date:06/15/2026

FAQ

What percentage of Boost Run Inc. (BRUN) does B. Luke Weil beneficially own?

B. Luke Weil beneficially owns 3,906,023 shares of Boost Run Inc. Class A common stock, representing 12.25% of the class. This total includes direct holdings, shares held through the sponsor, earnout-related shares, and shares underlying private warrants attributable to him.

How many Boost Run Inc. shares are held by Willow Lane Sponsor, LLC?

Willow Lane Sponsor, LLC beneficially owns 2,038,632 shares of Boost Run Inc. Class A common stock, equal to 6.39% of the class. These shares are retained after transferring 1,272,885 shares to an SPV and include 1,125,000 Sponsor Earnout Shares subject to performance conditions.

What is the size of Boost Run Inc.’s Class A share base referenced in this Schedule 13D?

The filing references 31,895,656 shares of Boost Run Inc. Class A common stock outstanding. This figure is taken from the company’s Quarterly Report on Form 10-Q filed on June 1, 2026, and is used to calculate the reported ownership percentages for the reporting persons.

What are the key terms of the Weil Consulting Agreement with Boost Run Inc.?

Under the Weil Consulting Agreement dated January 13, 2026, B. Luke Weil may receive up to 336,000 Boost Run shares. The shares vest in three tranches of 112,000 each if the stock achieves VWAP thresholds of $12.00, $14.50, and $17.50 per share.

How many Boost Run Inc. warrants and shares were transferred to the SPV Goodrich ILMJS LLC?

The sponsor transferred 1,272,885 founder shares and 1,101,986 Private Warrants to Goodrich ILMJS LLC. The transfer price was $1.75 per founder share, for an aggregate founder-share purchase price of $2,227,548.75, as described in the Transfer Agreement dated September 15, 2025.

What performance conditions govern the Sponsor Earnout Shares in Boost Run Inc.?

The Earnout Agreement allows the sponsor to receive up to 1,125,000 Sponsor Earnout Shares. These shares vest in tranches if Boost Run’s Class A common stock reaches VWAP thresholds of $12.50, $15.00, and $17.50 per share during a three-year earnout period following the business combination closing.