# EDGAR Filing Document

**Accession Number:** 0001464790
**File Stem:** 0001213900-26-068514
**Filing Date:** 2026-6
**Character Count:** 11154
**Document Hash:** c3a026a2837e5c971ae1d452c1688d1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-068514.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0001213900-26-068514

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260612

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260615

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRC Group Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001464790
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 270223495
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37503
- **FILM NUMBER:** 261089052

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD
- **STREET 2:** SUITE 800
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** 818-884-3737

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD
- **STREET 2:** SUITE 800
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** B. Riley Financial, Inc.
- **DATE OF NAME CHANGE:** 20141104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Great American Group, Inc.
- **DATE OF NAME CHANGE:** 20090522

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): June 12, 2026**

**BRC Group Holdings, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-37503** | **27-0223495** |
|  (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |

---

**11100 Santa Monica Blvd., Suite 800**

**Los Angeles, CA 90025**

**<u>310-966-1444</u>**

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which<br> registered** |
| **Common Stock, par value $0.0001 per share** | **RILY** | **Nasdaq Global Market** |
| **Depositary Shares (each representing 1/1000th of a share of 6.875% Series A Cumulative Perpetual Preferred Stock)** | **RILYP** | **Nasdaq Global Market** |
| **Depositary Shares (each representing 1/1000th of a share of 7.375% Series B Cumulative Perpetual Preferred Stock)** | **RILYL** | **Nasdaq Global Market** |
| **5.00% Senior Notes due 2026** | **RILYG** | **Nasdaq Global Market** |
| **6.50% Senior Notes due 2026** | **RILYN** | **Nasdaq Global Market** |
| **5.25% Senior Notes due 2028** | **RILYZ** | **Nasdaq Global Market** |
| **6.00% Senior Notes due 2028** | **RILYT** | **Nasdaq Global Market** |

---

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**ITEM 7.01. Regulation FD Disclosure.**

On June 15, 2026, BRC Group Holdings, Inc. (the "Company") issued a press release providing an update on the Company's subsidiaries' carried interest position in special purpose vehicles holding shares of Space Exploration Technologies Corp. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release, dated June 15, 2026](ea029472701ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| BRC Group Holdings, Inc. | BRC Group Holdings, Inc. |
| By: | /s/ Scott Yessner |
| Name: | Scott Yessner |
| Title: | EVP & CFO |

---

Date: June 15, 2026

## Exhibit 99.1

**Exhibit 99.1**

![](ea029472701_ex99-1img1.jpg)

**FOR IMMEDIATE RELEASE**

**BRC Group Holdings, Inc. Provides Update on SpaceX Carried Interest Position**

**LOS ANGELES, CA – June 15, 2026** – BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRC" or the "Company") today provided supplemental information regarding its indirect economic interest in Space Exploration Technologies Corp. ("SpaceX"), following SpaceX's initial public offering on June 12, 2026 (the "IPO"). The Company discussed this interest in its latest filing on Form 10-Q for the quarterly period ended March 31, 2026 filed on May 7, 2026 and its most recent quarterly earnings call on May 7, 2026.

Between 2018 and 2021, the Company's wealth management business facilitated client investments in SpaceX through subsidiaries of the Company that hold carried interest in certain special purpose vehicles (the "SPVs"). During this period, clients invested approximately $233 million into the SPVs. The Company's subsidiaries' carried interest represents a share of the returns generated on a portion of these investments.

Based on SpaceX's closing price of $160.95 per share on June 12, 2026:

● **Gross carried interest**: The gross aggregate
value of the Company's subsidiaries' carried interest in the SPVs was approximately $84.2 million; and

● **Net carried interest**: The Company's
expected net proceeds in respect of such carried interest, after deduction of estimated expenses, period adjustments, and accrued payouts,
were approximately $70.4 million.

The value of the Company's carried interest will fluctuate based upon SpaceX's share price. Each $5.00 change in SpaceX's share price would result in an estimated $2.3 million change in net carried interest. All amounts remain subject to customary IPO lock-up restrictions, which expire in stages through the remainder of the calendar year.

The amounts above are preliminary, unaudited management estimates, and are presented for informational purposes only. The value of the Company's carried interest and the amount and timing of any net proceeds actually realized will depend on, among other things, the trading price of SpaceX common stock when the SPVs sell or distribute their shares, the expiration of applicable lock-up and other transfer restrictions, the unaffiliated third-party manager's discretion on the timing of any sales by the SPVs, the timing of any distributions by the SPVs, transaction costs, taxes, and final determinations of expenses, adjustments, and amounts payable to other parties.

The trading price of SpaceX common stock following the IPO may be volatile and may decline below the IPO price, including while the SpaceX shares held by the SPVs remain subject to lock-up restrictions. Accordingly, the value ultimately realized may be materially less than the amounts above, and there can be no assurance that the Company will realize any particular amount of value or net proceeds, or any at all, in respect of its carried interest in the SPVs.

BRC Group Holdings, Inc. \| www.brcgh.com

**About BRC Group Holdings, Inc.**

BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our communications businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRCGH deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. For more information, please visit www.brcgh.com.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the value of the Company's carried interest in the SPVs and the amount and timing of expected net proceeds. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties, many beyond the Company's control, that could cause actual results to differ materially. Such risks include: fluctuations in the trading price of SpaceX common stock; the impact of lock-up and other restrictions, including the manager's discretion, on the SPVs' ability to sell or distribute SpaceX shares; the timing and manner of any monetization of the SPVs' holdings; changes in estimated expenses, adjustments, and amounts payable to other parties; general market, economic, and political conditions; and the other risks described in the Company's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. There can be no assurance that the value of the Company's carried interest will be realized in whole or in part, or that the expected net proceeds will be achieved. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update them except as required by law.

**Media Contact:**

Jo Anne McCusker

press@brcgh.com

**Investor Contact:**

Mike Frank

mfrank@brcgh.com

BRC Group Holdings, Inc. \| www.brcgh.com