Director Jeffrey Hernandez Sells 5.8M Black Rock Coffee Bar LLC Units and Class C Shares

Black Rock Coffee Bar, Inc. director Jeffrey Hernandez sold 5,809,391 LLC Units and an equal number of Class C Common Stock shares on May 15, 2026. The transactions were executed to satisfy obligations under a Margin Loan Agreement with JPMorgan Chase Bank, N.A., with an aggregate purchase price of $41,698,806.43 representing the notional amount, accrued interest, and make-whole amount due. Following these sales, Hernandez no longer holds any of these securities. The LLC Units represent membership units in Black Rock Coffee Holdings, LLC and are paired with Class C Common Stock, which can be converted to Class A Common Stock on a one-for-one basis. The shares were held indirectly through Viking Cake BR, LLC and its subsidiary, for which Hernandez has voting and investment power.