---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-068514"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2026-06-15T11:40:18+00:00"
generated_at: "2026-06-15T11:45:15.691679+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BRC Group estimates $70.4M net carried interest from SpaceX IPO at $160.95/share

## Summary
- Gross carried interest ~$84.2M, net ~$70.4M based on SpaceX closing price of $160.95 on June 12, 2026.
- Clients invested ~$233M into SPVs (2018-2021); carried interest is share of returns on portion of that.
- Each $5 change in SpaceX share price changes net carried interest by ~$2.3M.
- Amounts preliminary; subject to lock-up restrictions expiring through remainder of 2026.
- Value ultimately realized may be materially less; no assurance of any proceeds.

## SEC filing metadata
- accession: 0001213900-26-068514
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2026-06-15T11:40:18+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390026068514/0001213900-26-068514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390026068514/ea0294727-8k_brcgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-068514
- JSON: https://secwatch.observer/filing/0001213900-26-068514.json
- Plain text: https://secwatch.observer/filing/0001213900-26-068514.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.