BRCB Black Rock Coffee Bar, Inc.
Price Chart
Executive Summary
Three BRCB insiders — the Chief Marketing Officer, Chief Operating Officer, and Principal Accounting Officer — made open-market purchases totaling $76K in a cluster between May 20-22, 2026. This insider buying occurred just 8 days after the company amended its Registration Rights Agreement (May 15), which granted certain investors additional demand registration rights post-IPO, suggesting insiders may have been informed of the agreement and saw value at current prices. The cluster is notable for involving multiple C-suite officers, but the total dollar value ($76K) represents only ~0.018% of the $419M market cap, making it a modest signal.
Key Financial Metrics
Actionable Insight
The cluster of C-suite open-market buys following a Registration Rights Agreement amendment suggests insiders see current prices as attractive. However, the dollar amount is small relative to market cap, and BRCB's historical stock performance has been poor. Monitor for any upcoming earnings release or material agreement that could catalyze a move. The cross-filing amplifier supports a modest bullish tilt, but position sizing should reflect the low historical win rate.
Key Facts
- Three insiders made open-market purchases totaling $76K: CMO (3.1K shares at $6.46), COO (925 shares at $6.86), and PAO (7.1K shares at $6.98)
- Purchases occurred May 20-22, 2026, within 8 days of an amendment to the Registration Rights Agreement (May 15, 2026) that granted additional demand registration rights to certain investors
- Total cluster value of $76K is ~0.018% of BRCB's $419M market cap — a modest but not trivial amount for a micro-cap
- All three trades are open-market buys (code P), not grants or tax-withholding events
- Historical model performance on BRCB is poor (13% win rate at T+20), but the cross-filing context (insider cluster + agreement) is a statistically significant amplifier per the calibration data
Financial Impact
Insider purchases total $76K, representing 0.018% of market cap — a modest signal of insider confidence
Risk Factors
- Historical model performance on BRCB shows a 13% win rate at T+20 — past bullish calls have been wrong
- The $76K cluster is small relative to market cap and may not reflect a strong conviction signal
- The Registration Rights Agreement amendment could lead to future secondary offerings, creating overhang
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BRCB-1780008369520 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 27, 2026
13d ago
|
Insider Cluster
| $8.50 $7.01 | ▼ −17.53% | ▼ −17.48% | $6.19 (−27.18%) |
|
May 27, 2026
13d ago
|
Insider Cluster
| $8.50 $7.01 | ▼ −17.53% | ▼ −17.48% | $6.19 (−27.18%) |
|
May 27, 2026
13d ago
|
Insider Cluster
| $8.50 $7.01 | ▼ −17.53% | ▼ −17.48% | $6.19 (−27.18%) |
|
May 23, 2026
18d ago
|
Insider Cluster
| $7.43 $7.32 | ▼ −1.48% | ▼ −2.69% | $6.19 (−16.69%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $6.81 $8.04 | ▲ +18.06% | ▲ +16.39% | $6.19 (−9.10%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $6.81 $8.04 | ▲ +18.06% | ▲ +16.39% | $6.19 (−9.10%) |
|
May 16, 2026
24d ago
|
Press Release
| $6.91 $7.43 | ▲ +7.53% | ▲ +5.91% | $6.19 (−10.42%) |
|
May 12, 2026
28d ago
|
Press Release
| $7.65 $6.68 | ▼ −12.68% | ▼ −11.52% | $6.19 (−19.08%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $12.75 $11.38 | ▼ −10.75% | ▼ −11.15% | $6.19 (−51.45%) |
|
Apr 16, 2026
7w ago
|
DEFA14A
| $14.26 $12.70 | ▼ −10.94% | ▼ −11.92% | $6.19 (−56.59%) |
US Market Status
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