Insider Daniel Brand Files Form 4 for Black Rock Coffee Bar

TL;DR

**Insider Daniel Brand just filed a Form 4 for Black Rock Coffee Bar, signaling potential changes in his stock ownership.**

AI Summary

This Form 4 filing, dated March 23, 2026, indicates that Daniel Jordan Brand, an insider at Black Rock Coffee Bar, Inc., has filed a statement of changes in beneficial ownership of securities. While the filing itself doesn't detail specific transactions, it signals that an insider's holdings may have changed, which is important for investors as insider activity can sometimes hint at management's confidence in the company's future. This matters because significant insider buying or selling can influence investor sentiment and potentially the stock price of Black Rock Coffee Bar, Inc. (CIK: 0002068577).

Why It Matters

Insider transaction filings like this can provide clues about how company executives view the stock's prospects, which can be a valuable signal for investors.

Risk Assessment

Risk Level: low — This filing is purely administrative, indicating a change in beneficial ownership, but does not inherently carry direct financial risk without transaction details.

Analyst Insight

A smart investor would monitor subsequent filings or the full Form 4 document (once available and parsed) for specific transaction details (buy/sell, share count, price) to understand the nature and magnitude of Daniel Jordan Brand's ownership change before making any investment decisions.

Key Players & Entities

• Brand Daniel Jordan (person) — Reporting person, an insider at Black Rock Coffee Bar, Inc.
• Black Rock Coffee Bar, Inc. (company) — The issuer of the securities, CIK: 0002068577
• 2026-03-23 (date) — Filing Date and Accepted Date of the Form 4

FAQ

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 9KB
• 0001493152-26-012147.txt ( ) — 11KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Brand Daniel Jordan (Last) (First) (Middle) C/O BLACK ROCK COFFEE BAR, INC. 9170 E. BAHIA DRIVE, SUITE 101 (Street) SCOTTSDALE ARIZONA 85260 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Black Rock Coffee Bar, Inc. [ BRCB ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares LLC Units (1) 03/20/2026 J (4) 5,809,390 (1) (1) Class A Common Stock 5,809,390 $ 0.00 5,809,391 I See footnote (5) Class C Common Stock (2) (3) 03/20/2026 J (4) 5,809,390 (2) (3) (2) (3) Class A Common Stock 5,809,390 $ 0.00 5,809,391 I See footnote (5) Explanation of Responses: 1. 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 the Issuer. Holders may elect to have Black Rock OpCo redeem their LLC Units at any time 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. 2. The Class C Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a one-for-one basis; provided that, at the Issuer's election (determined solely by the Issuer's independent directors who are disinterested), the Issuer may effect such exchange for a cash payment equal to a volume weighted average market price of one share of Class A Common Stock for each LLC Unit so redeemed. 3. Each outstanding share of Class C Common Stock will automatically convert into one share of the Issuer's Class B common stock upon the earlier of (i) September 15, 2035 and (ii) with respect to the Reporting Person, the date on which the aggregate number of shares of Class C Common Stock held by the Reporting Person or certain of his affiliates is less than thirty-three percent (33%) of the shares of Class C Common

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