BRC Group (RILY) schedule shows Daniel Asher / DBA Trading hold 3.02M shares

Rhea-AI Filing Summary

BRC Group Holdings reported beneficial ownership disclosure by Daniel Asher and DBA Trading, LLC. The filing lists 3,017,041 ordinary shares held with shared voting and dispositive power, representing 8.78% of the class. The filing states the reporting persons are filing jointly and that Asher is deemed to control the shares held by DBA Trading, LLC.

The disclosure is a passive ownership report under Schedule 13G reflecting holdings and voting/dispositive allocations; no transaction price, purchase date, or trading direction is provided in the excerpt.

Insights

Corporate Governance Analyst

Joint Schedule 13G shows a meaningful passive stake and shared control.

The filing lists 3,017,041 shares representing 8.78% of outstanding ordinary shares as reported on the cover rows. It explicitly attributes shared voting and dispositive power to both Daniel Asher and DBA Trading, LLC and includes a joint filing agreement.

Implications hinge on the passive nature of a 13G: the position signals a significant ownership stake but is characterized as non‑active under the Schedule 13G framework. Subsequent filings would show any change in intent or transactions.

Securities Compliance Specialist

Filing aligns with joint beneficial‑ownership reporting and attribution rules.

The disclosure follows Schedule 13G conventions: it provides amount beneficially owned (Row 9: 3,017,041), percent (Row 11: 8.78%), and voting/dispositive allocations (Rows 5–8). A signed joint filing agreement is attached as Exhibit 99.1.

Key compliance note: this filing documents status and control relationships rather than transactions. Any future change in intent, acquisition, or disposition would trigger an amended filing under the reporting rules.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BRC Group Holdings, Inc.

(Name of Issuer)

Ordinary Shares, nominal value $0.01 per share

(Title of Class of Securities)

(CUSIP Number)

03/10/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP No.

1

Names of Reporting Persons

DANIEL ASHER

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,017,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,017,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,017,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.78 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No.

1

Names of Reporting Persons

DBA TRADING, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,017,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,017,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,017,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.78 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BRC Group Holdings, Inc.
(b)	Address of issuer's principal executive offices: 11100 Santa Monica Blvd Suite 800 Los Angeles CA 90025
Item 2.
(a)	Name of person filing: Daniel Asher, DBA Trading, LLC.
(b)	Address or principal business office or, if none, residence: 1011 Lake Street Suite 311 Oak Park, IL 60301
(c)	Citizenship: USA
(d)	Title of class of securities: Ordinary Shares, nominal value $0.01 per share
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Row 9 of cover page for each reporting person.
(b)	Percent of class: See Row 11 of cover page for each reporting person
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 5 of cover page for each reporting Person.
	(ii) Shared power to vote or to direct the vote: See Row 6 of cover page for each reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of cover page for each reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each reporting Person. Daniel Asher is the beneficial owner of, DBA Trading, LLC, and is deemed to control and share voting and dispositive power over the shares held by them.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DANIEL ASHER

Signature:	/s/ Daniel Asher
Name/Title:	Daniel Asher
Date:	03/16/2026

DBA TRADING, LLC

Signature:	/s/ Fred Goldman
Name/Title:	Fred Goldman, Member
Date:	03/16/2026

Exhibit Information

99.1 Joint Filing Agreement of the Reporting Persons.

FAQ

What stake does Daniel Asher report in BRC Group Holdings (RILY)?

He reports beneficial ownership of 3,017,041 shares, representing 8.78% of the class. The filing shows shared voting and dispositive power attributed to Daniel Asher and DBA Trading, LLC via a joint filing agreement.

Does the Schedule 13G show whether the position is active trading?

No; the Schedule 13G characterizes the holding as a passive disclosure rather than an active trading statement. The form lists control and ownership figures but does not state acquisition dates or trade prices.

Who is listed as the reporting persons in the filing for RILY?

The filing names Daniel Asher and DBA Trading, LLC as joint reporting persons. A signed joint filing agreement (Exhibit 99.1) is included and the signatures are dated 03/16/2026.

What voting and dispositive powers are reported for the 3,017,041 shares?

The cover rows show 0 sole voting and 3,017,041 shared voting power, plus 0 sole dispositive and 3,017,041 shared dispositive power. Those allocations are shown in Rows 5–8 on the cover.

Does this filing indicate the company received proceeds or that shares were sold?

No; the Schedule 13G excerpt reports ownership and control only. It does not state any sale, purchase price, or proceeds; it documents beneficial ownership and joint attribution.