Former Executive Alan Forman's Tax Withholding Stock Sale in BRC Group Holdings
2026-07-01SEC Filing 4 (0001213900-26-074256)
This Form 4 filing reports that Alan N. Forman, former EVP, General Counsel, and Secretary of BRC Group Holdings, Inc. (RILY), had 2,853 shares of common stock withheld by the company on June 30, 2026, to cover tax obligations related to accelerated vesting of Restricted Stock Units. The shares were sold at $8.18 per share, resulting in proceeds of approximately $23,337. This transaction was not a voluntary sale but rather a mandatory tax withholding required by the company. Following this transaction, Forman retains 34,974 shares of common stock. The filing indicates this was a non-discretionary transaction related to tax obligations from previously granted equity compensation that vested upon his departure from the company.