Form 4 for BRLT Brilliant Earth Group, Inc.
Accepted 2021-09-28 00:00:00 ET · period of report 2021-09-27 · accession 0000899243-21-038129 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-09-28 | 2021-09-27 | BRLT | Gerstein Beth Tamara | CEO, Dir, 10% | D - Sale to Iss | $0.00 | -727.6K | 49.51M | -1% | $0 |
| DI | 2021-09-28 | 2021-09-27 | BRLT | Gerstein Beth Tamara | CEO, Dir, 10% | D - Sale to Iss | $11.22 | -727.6K | 49.51M | -1% | -$8.16M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class C Common Stock | 2021-09-27 | D | D | 727,613 | $0.00 | 49,505,250 | I See Footnote | — | — | (F2) The Class C Common Stock will automatically convert into one share of Class B Common Stock upon the earlier of (1) the 10-year anniversary of the date of the closing of the Issuer's Initial Public Offering and (2) the date on which the Reporting Person ceases to hold at least 8% of the aggregate number of shares of all classes of the Issuer's Common Stock then outstanding. (F3) Held by Just Rocks, Inc. The Reporting Person owns her shares of Just Rocks, Inc. through The Best T. Gerstein 2021 Annuity Trust, The Alexander M. Sutton 2021 Annuity Trust and The Sutton-Gerstein Family Trust, each of which Ms. Gerstein is the Trustee and has voting power and investment power over such shares. |
| 2 | Derivative | Common Units | 2021-09-27 | D | D | 727,613 | $11.22 | 49,505,250 | I See Footnote | — · — to — | 727,613 Class D Common Stock | (F3) Held by Just Rocks, Inc. The Reporting Person owns her shares of Just Rocks, Inc. through The Best T. Gerstein 2021 Annuity Trust, The Alexander M. Sutton 2021 Annuity Trust and The Sutton-Gerstein Family Trust, each of which Ms. Gerstein is the Trustee and has voting power and investment power over such shares. (F4) The Common Units may be redeemed by the Reporting Person at any time for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forefeited in connection with the redemption. The Common Units have no expiration date. (F6) The Common Units are fully vested. (F5) As described in the prospectus filed by the Issuer with the Securities and Exchange Commission, upon the closing of the initial public offering and the underwriters' exercise of the additional shares, the Issuer redeemed the Common Units from the Reporting Person. |