Boston Beer Co-Founder Koch Holds 2.27M Shares, 13G/A Shows

TL;DR

**Founder C. James Koch still owns 2.27M shares of SAM, showing strong insider commitment.**

AI Summary

C. James Koch, co-founder of The Boston Beer Company, Inc. (SAM), filed an amended SC 13G/A on February 12, 2024, disclosing his beneficial ownership of 2,271,472 shares of Class A Common Stock as of December 31, 2023. This represents a significant stake, giving him substantial influence over the company's direction. For investors, this filing confirms that a key founder remains deeply invested, which can signal long-term commitment and stability, but also means his decisions could heavily impact the stock.

Why It Matters

This filing confirms that C. James Koch, a founder, maintains a substantial ownership stake in Boston Beer, which can be a positive signal of insider confidence for investors, but also means his influence is significant.

Risk Assessment

Risk Level: low — The filing indicates a stable ownership position by a key insider, which generally reduces risk associated with leadership uncertainty.

Analyst Insight

A smart investor would view C. James Koch's continued substantial ownership as a positive sign of long-term commitment and stability, potentially indicating confidence in the company's future performance.

Key Numbers

• 2,271,472 — Aggregate shares beneficially owned (This is the total number of Class A Common Stock shares C. James Koch owns, indicating his significant stake in The Boston Beer Company, Inc.)
• 2,235,692 — Sole voting power shares (This represents the number of shares C. James Koch can vote on his own, giving him direct control over a large portion of company decisions.)
• 2,084,283 — Sole dispositive power shares (This is the number of shares C. James Koch can sell or transfer independently, highlighting his direct control over a substantial portion of his holdings.)
• 2023 — Calendar Year of Event (This is the period for which the ownership data is being reported, specifically the 'Date of Event Which Requires Filing of this Statement'.)

Key Players & Entities

• C. James Koch (person) — co-founder and reporting person for The Boston Beer Company, Inc.
• The Boston Beer Company, Inc. (company) — the issuer of the Class A Common Stock
• 2,271,472 (dollar_amount) — aggregate amount of shares beneficially owned by C. James Koch

Forward-Looking Statements

• C. James Koch will maintain a significant ownership stake in The Boston Beer Company, Inc. (C. James Koch) — high confidence, target: 2025-12-31
• The Boston Beer Company, Inc. will continue to be influenced by its founder's strategic vision. (The Boston Beer Company, Inc.) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• d788700dsc13ga.htm (SC 13G/A) — 33KB
• 0001193125-24-031617.txt ( ) — 34KB

(a) Name of issuer: The Boston Beer Company, Inc

Item 1(a) Name of issuer: The Boston Beer Company, Inc. Item 1(b) Address of issuers principal executive offices: One Design Center Place Suite 850 Boston, MA 02210 2(a) Name of person filing: C. James Koch 2(b) Address or principal business office or, if none, residence: The Boston Beer Company, Inc. One Design Center Place Suite 850 Boston, MA 02210 2(c) Citizenship: U.S.A. 2(d) Title of class of securities: Class A Common Stock 2(e) CUSIP No.: 100557107 Page 4 of 6 Pages

If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or

Item 3. If this statement is filed pursuant to 240.13d1(b) or 240.13d2(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 80a8); (e) An investment adviser in accordance with 240.13d1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d1(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. 80a3); (j) A non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ________________________________

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 18.73% (b) Percent of class: Mr. Koch beneficially owns 18.43 percent of the Issuers Common Stock. In addition, Mr. Koch could be deemed to be a beneficial owner, for purposes of this Schedule 13G, of an additional 35,780 shares of Class A Common Stock of the Issuer. Beneficial ownership of such shares would constitute beneficial ownership of an additional 0.29 percent of the Issuers Class A Common Stock. Page 5 of 6 Pages (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,235,692 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 2,084,152 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following . Item 6. Ownership of More than 5 Percent on Behalf of Another Person.

Identification and Classification of the Subsidiary Which Acquired the

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. Page 6 of 6 Pages

Signatures

Signatures 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. Date: February 12, 2024 Signature: /s/ C. James Koch Name: C. James Koch Title: Chairman & Founder