Director Davin Thomas E sold 394,044 shares at $3.26 across 2 transactions totaling $1.3M at BRCC
Director Davin Thomas E executed 2 separate sales on 2024-09-12, selling 394,044 shares at a blended average price of $3.26 for total proceeds of $1,286,158.06. The director held 394,044 shares pre-transaction and now holds 0 shares post-transaction, though a FLAG notes this filing contains a derivative-conversion transaction and the insider's full position may include derivative securities recorded in Table II not yet populated in the database. Stock price has declined -19.3% over the past 30 days and -47.5% over 90 days from these transaction dates, currently trading at $3.27 against a 52-week high of $6.80. At the company level, BRC Inc. reported latest-quarter revenue of $89,017,000.00 with net income of $-482,000.00, and was unprofitable over its most recent full fiscal year, though annual revenue growth reached +31.3% year-over-year. The director's prior 2 sales at BRCC occurred on 2023-12-11 and subsequently showed 90-day returns of +27.5%, meaning both prior trades were poorly-timed (stock rose after the sales). This sale occurs in a deteriorating price environment and fundamentally challenged operating context.