Millennium Group (NYSE: SAM) cuts Boston Beer stake to 4.9% of Class A

Rhea-AI Filing Summary

Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander report beneficial ownership of 411,413 shares of The Boston Beer Company, Inc. Class A Common Stock, representing 4.9% of the class. The shares are held through entities over which Millennium Management LLC and related managers have voting control and investment discretion.

The group states it acquired more than 5% of the outstanding Class A Common Stock on July 16, 2026, but by the date of this Schedule 13G filing their beneficial ownership had fallen to 5% or less. Voting and dispositive authority over the reported shares is shared, with no sole voting or dispositive power reported, and the filers disclaim that this structure alone constitutes an admission of beneficial ownership.

Key Figures

Beneficially owned shares: 411,413 shares Ownership percentage: 4.9% Shared voting power: 409,624 shares +4 more

7 metrics

Beneficially owned shares 411,413 shares Class A Common Stock beneficially owned by the reporting persons

Ownership percentage 4.9% Percent of outstanding Class A Common Stock reported as beneficially owned

Shared voting power 409,624 shares Shares of Class A Common Stock over which voting power is shared

Shared dispositive power 411,413 shares Shares over which the reporting persons share dispositive power

Date exceeded 5% July 16, 2026 Date on which beneficial ownership of Class A exceeded 5%

CUSIP 100557107 CUSIP for The Boston Beer Company, Inc. Class A Common Stock

Par value $0.01 per share Par value of The Boston Beer Company, Inc. Class A Common Stock

Key Terms

beneficial ownership, shared voting power, shared dispositive power, Schedule 13G, +1 more

5 terms

beneficial ownership regulatory

"After acquiring beneficial ownership of more than 5% of the outstanding Class A Common Stock"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"6 | Shared Voting Power 409,624.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"8 | Shared Dispositive Power 411,413.00"

Schedule 13G regulatory

"Ownership of 5 percent or less of a class "

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

CUSIP Number financial

"(e) | CUSIP Number(s): 100557107"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/22/2026 - 06:16 PM Accepted by SEC EDGAR 07/22/2026 - 06:15 PM Learn about SEC filing dates

FAQ

What ownership stake in SAM does Millennium report on this Schedule 13G?

Millennium and related reporting persons disclose beneficial ownership of 411,413 shares of The Boston Beer Company (SAM) Class A Common Stock, representing 4.9% of the outstanding class as of the filing.

Did Millennium previously hold more than 5% of SAM Class A shares?

Yes. The reporting persons state they acquired beneficial ownership of more than 5% of SAM’s Class A Common Stock on July 16, 2026, but later reduced holdings to 5% or less by the filing date.

How much voting power over SAM shares does Millennium report?

The group reports 0 shares with sole voting power and 409,624 shares with shared voting power. They also report 411,413 shares with shared dispositive power and no sole dispositive power over SAM Class A stock.

Who are the reporting persons on this SAM Schedule 13G?

The Schedule 13G for SAM lists Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander as reporting persons, all tied to entities that hold the Boston Beer Company Class A Common Stock.

What does Item 5 indicate about Millennium’s SAM ownership level?

Item 5 states that the reporting persons now hold 5 percent or less of SAM’s Class A Common Stock, confirming that their current beneficial ownership has fallen below the 5% reporting threshold for larger holders.

What class of SAM securities is covered by this Schedule 13G?

The filing covers Class A Common Stock of The Boston Beer Company, Inc., with a stated par value of $0.01 per share and CUSIP 100557107, reflecting equity ownership rather than debt or preferred securities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

The Boston Beer Company, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

100557107

(CUSIP Number)

07/16/2026

(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 Number(s): 100557107

1

Names of Reporting Persons

Millennium Management 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 409,624.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 411,413.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

411,413.00

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)

4.9 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 100557107

1

Names of Reporting Persons

Millennium Group Management 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 409,624.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 411,413.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

411,413.00

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)

4.9 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 100557107

1

Names of Reporting Persons

Israel A. Englander

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 409,624.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 411,413.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

411,413.00

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)

4.9 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Boston Beer Company, Inc.
(b)	Address of issuer's principal executive offices: One Design Center Place, Suite 850, Boston, Massachusetts 02210
Item 2.
(a)	Name of person filing: Millennium Management LLC Millennium Group Management LLC Israel A. Englander
(b)	Address or principal business office or, if none, residence: Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Group Management LLC 399 Park Avenue New York, New York 10022 Israel A. Englander c/o Millennium Management LLC 399 Park Avenue New York, New York 10022
(c)	Citizenship: Millennium Management LLC - Delaware Millennium Group Management LLC - Delaware Israel A. Englander - United States
(d)	Title of class of securities: Class A Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 100557107
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 response to Item 9 on each cover page. After acquiring beneficial ownership of more than 5% of the outstanding Class A Common Stock on July 16, 2026, the reporting persons ceased to be beneficial owners of more than 5% of the outstanding Class A Common Stock by the date of this filing.
(b)	Percent of class: See response to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See response to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See response to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on each cover page. The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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 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.

Millennium Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/21/2026

Millennium Group Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/21/2026

Israel A. Englander

Signature:	/s/ Israel A. Englander
Name/Title:	Israel A. Englander
Date:	07/21/2026

Exhibit Information

Exhibit I: Joint Filing Agreement, dated as of July 21, 2026, by and among Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.