BRC Group Co-CEO gifts 3,000 shares
BRC Group Holdings, Inc. Co-CEO Thomas J. Kelleher reported a bona fide gift of 3,000 shares of common stock held indirectly.
Rhea-AI Filing Summary
BRC Group Holdings, Inc. Co-CEO Thomas J. Kelleher reported a bona fide gift of 3,000 shares of common stock held indirectly. The shares were given to a trust that is unaffiliated with him and the issuer, and he received no consideration for the transfer.
After the gift, an indirect account referenced in the filing holds 899,288 shares of common stock. The filing also shows 70,541 shares held directly, along with additional indirect holdings through a family trust, a self-directed IRA, and accounts over which he has dispositive power for his wife and daughters.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,000 shares gifted
Gift
7 txns
Insider
KELLEHER THOMAS J /ADV
Role
Co-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 933,406 shares (Indirect, See note);
Common Stock — 70,541 shares (Direct);
Common Stock — 5,600 shares (Indirect, By wife);
Common Stock — 10,215 shares (Indirect, By daughter)
Footnotes (7)
- F1. Represents a bona fide gift of 3,000 shares to a trust that is unaffiliated with the reporting person and the issuer. The reporting person received no consideration in connection with this gift.
- F2. Held of record by Thomas J. Kelleher and wife as Trustees for the Kelleher Family Trust.
- F3. Held by self-directed IRA: Thomas John Kelleher IRA.
- F4. Held with dispositive power for wife.
- F5. Held with dispositive power for a daughter.
- F6. Held with dispositive power for a daughter.
- F7. Held with dispositive power for a daughter.
Key Figures
Gifted shares: 3,000 shares
Indirect shares after gift: 899,288 shares
Direct holdings: 70,541 shares
+3 more
6 metrics
Gifted shares
3,000 shares
Bona fide gift of common stock
Indirect shares after gift
899,288 shares
Indirect holding following 3,000-share gift
Direct holdings
70,541 shares
Shares held directly by Thomas J. Kelleher
Daughter account holdings
3,405 shares
Indirect holdings in an account for a daughter
Wife account holdings
5,600 shares
Indirect holdings in an account for wife
Additional indirect family holdings
34,118 shares
Indirect holdings labeled "See note"
Key Terms
bona fide gift, self-directed IRA, dispositive power, trustees, +1 more
5 terms
bona fide gift financial
"Represents a bona fide gift of 3,000 shares to a trust"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
self-directed IRA financial
"Held by self-directed IRA: Thomas John Kelleher IRA."
dispositive power financial
"Held with dispositive power for wife."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
trustees financial
"Held of record by Thomas J. Kelleher and wife as Trustees for the Kelleher Family Trust."
Trustees are people or a small group legally appointed to hold and manage assets, documents, or obligations on behalf of others and must act in those beneficiaries’ best interests. Think of them as a neutral guardian or custodian who enforces rules, protects assets, and makes decisions that can affect payments, corporate governance, or recovery in a default — all of which directly influence investor returns and risk.
indirect ownership financial
"ownership_type": "indirect","ownership_code": "I""
FAQ
What insider transaction did RILY Co-CEO Thomas Kelleher report?
Kelleher reported a bona fide gift of 3,000 common shares of BRC Group Holdings, Inc. stock. The shares were transferred to an unaffiliated trust, and he received no payment or other consideration for the transfer, indicating a non-market, personal planning move.
What are Thomas Kelleher’s direct holdings in RILY after the reported transactions?
The filing lists 70,541 shares of BRC Group common stock held directly by Thomas Kelleher. This direct position is in addition to multiple indirect holdings through family-related accounts, including a family trust, a self-directed IRA, and accounts for his wife and daughters.
AI-generated analysis. How Rhea-AI works. Not financial advice.
