September 15, 2025 · Form 4 insider transaction
Viking Cake BR, LLC bought 3,118,938 shares of BRCB at $20.00 per share, a transaction worth $62.38M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 0 days after the transaction.
LLC units ("LLC Units") represent the membership units of Black Rock Coffee Holdings, LLC ("Black Rock OpCo") and an equal number of shares of Class C common stock ("Class C Common Stock") of Black Rock Coffee Bar, Inc. (the "Issuer"). Holders may elect to have Black Rock OpCo redeem their LLC Units at any time on or following the closing of the Issuer's initial public offering for either shares of Class A common stock ("Class A Common Stock") on a one-for-one basis or, at the Issuer's election (determined solely by the Issuer's independent directors who are disinterested), a corresponding amount of cash, in either case, contributed to Black Rock OpCo by the Issuer, unless the Issuer elects, in its sole discretion (determined solely by the Issuer's independent directors who are disinterested), to effect such transaction as a direct exchange with the relevant holder. Upon any such redemption or exchange of LLC Units, the corresponding shares of Class C Common Stock will be cancelled.; Held by Viking Cake BR, LLC and its wholly-owned subsidiary, Viking Cake Fuel, LLC.