Marian Walters (RILY) receives new stock and RSU grants as director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Walters Marian reported acquisition or exercise transactions in this Form 4 filing.

BRC Group Holdings director Marian Walters reported equity awards in company stock. On April 3, 2026, she received 3,660 shares of Common Stock issued as Board equity compensation. She was also granted a restricted stock unit for 14,695 shares that vests in full on May 19, 2026, the date of the Company’s 2026 Annual Shareholder Meeting.

A second restricted stock unit for 33,064 shares was granted, vesting in full on April 3, 2027. Following these awards, Walters directly holds 55,980 shares of Common Stock. An additional 5,701 shares are held of record by the D AND M WALTERS FAMILY TRUST, reflecting indirect ownership.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Walters Marian

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,660	$0.00	--
Grant/Award	Common Stock	14,695	$0.00	--
Grant/Award	Common Stock	33,064	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,221 shares (Direct); Common Stock — 5,701 shares (Indirect, See Note)

Footnotes (1)

Represents shares issued for Board equity compensation. Represents a restricted stock unit that settles in common stock of the Company and vests in full on May 19, 2026, the Company's 2026 Annual Shareholder Meeting. Represents a restricted stock unit that settles in common stock of the Company and vests in full on April 3, 2027. Held of record by D AND M WALTERS FAMILY TRUST, DAVID ALLEN WALTERS AND MARIAN KROGIUS WALTERS, TTEES DTD 7/6/2020

Key Figures

Board equity grant: 3,660 shares RSU grant 2026 vest: 14,695 shares RSU grant 2027 vest: 33,064 shares +2 more

5 metrics

Board equity grant 3,660 shares Common Stock issued for Board equity compensation on April 3, 2026

RSU grant 2026 vest 14,695 shares Restricted stock unit vesting on May 19, 2026

RSU grant 2027 vest 33,064 shares Restricted stock unit vesting on April 3, 2027

Direct holdings after grants 55,980 shares Total direct Common Stock ownership following April 3, 2026 transactions

Indirect trust holdings 5,701 shares Common Stock held of record by D AND M WALTERS FAMILY TRUST

Key Terms

restricted stock unit, Board equity compensation, indirect ownership, Common Stock

4 terms

restricted stock unit financial

"Represents a restricted stock unit that settles in common stock of the Company"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Board equity compensation financial

"Represents shares issued for Board equity compensation."

indirect ownership financial

"Held of record by D AND M WALTERS FAMILY TRUST"

Common Stock financial

"Represents a restricted stock unit that settles in common stock of the Company"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/07/2026 - 07:00 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walters Marian

(Last)

(First)

(Middle)

C/O BRC GROUP HOLDINGS, INC.

11100 SANTA MONICA BLVD., SUITE 800

(Street)

LOS ANGELES

CALIFORNIA

90025

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BRC Group Holdings, Inc. [ RILY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/03/2026		A		3,660⁽¹⁾	A	$0	8,221	D
Common Stock	04/03/2026		A		14,695⁽²⁾	A	$0	22,916	D
Common Stock	04/03/2026		A		33,064⁽³⁾	A	$0	55,980	D
Common Stock								5,701	I	See Note⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares issued for Board equity compensation.

2. Represents a restricted stock unit that settles in common stock of the Company and vests in full on May 19, 2026, the Company's 2026 Annual Shareholder Meeting.

3. Represents a restricted stock unit that settles in common stock of the Company and vests in full on April 3, 2027.

4. Held of record by D AND M WALTERS FAMILY TRUST, DAVID ALLEN WALTERS AND MARIAN KROGIUS WALTERS, TTEES DTD 7/6/2020

	/s/ Marian Walters	04/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Marian Walters receive from RILY on April 3, 2026?

Marian Walters received equity awards totaling three components on April 3, 2026. She was granted 3,660 shares of Common Stock for Board equity compensation and two restricted stock units covering 14,695 shares and 33,064 shares, each scheduled to vest on future dates.

When do Marian Walters’ new restricted stock units in RILY vest?

Walters’ restricted stock units vest on two future dates. The 14,695-share unit vests in full on May 19, 2026, aligned with the 2026 Annual Shareholder Meeting, while the 33,064-share unit vests entirely on April 3, 2027, subject to standard vesting conditions.

How many RILY shares does Marian Walters hold directly after these grants?

After the reported equity grants, Marian Walters directly holds 55,980 shares of RILY Common Stock. This figure reflects her updated direct ownership position as of the Form 4 date, incorporating the April 3, 2026 Board compensation and restricted stock unit awards.

What portion of Marian Walters’ RILY holdings is held indirectly through a trust?

An additional 5,701 RILY shares are held of record by the D AND M WALTERS FAMILY TRUST. These shares represent indirect ownership associated with Walters, separate from her directly held 55,980 shares reported after the April 3, 2026 equity transactions.

Are Marian Walters’ April 3, 2026 RILY stock transactions open-market purchases or compensation grants?

The April 3, 2026 transactions are equity compensation grants, not open-market purchases. All three Form 4 entries use code A, indicating grants or awards, including Board equity compensation and restricted stock units that settle in Common Stock on future vesting dates.

What is the significance of vesting dates for Marian Walters’ RILY restricted stock units?

The vesting dates determine when Walters’ restricted stock units convert into RILY Common Stock. One 14,695-share unit vests on May 19, 2026, and another 33,064-share unit on April 3, 2027, tying the awards to continued service and specified future milestones.