X0202 SCHEDULE 13G/A 0001140361-25-007236 0001790787 XXXXXXXX LIVE 1 Warrant to purchase shares of common stock, par value $0.0001 per share 03/31/2026 0001464790 BRC Group Holdings, Inc. 05580M108 11100 Santa Monica Blvd, Suite 800 Los Angeles CA 90025 Rule 13d-1(c) RPVOF Broker CTB, LLC DE 0.00 89133.58 0.00 89133.58 89133.58 0.23 OO The reported securities represent 89,133.58 shares of Warrant to purchase shares of common stock, par value $0.0001 per share ("Common Stock") issuable upon exercise of 89,133.58 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the Securities Exchange Commission ("SEC") on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. OPIF Broker Holdings, L.P. DE 0.00 38740.11 0.00 38740.11 38740.11 0.10 PN The reported securities represent 38,740.11 shares of Warrant to purchase shares of Common Stock issuable upon exercise of 38,740.11 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the SEC on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. Oaktree-Copley Investments, LLC DE 0.00 58286.98 0.00 58286.98 58286.98 0.15 OO The reported securities represent 58,286.98 shares of Warrant to purchase shares of Common Stock issuable upon exercise of 58,286.98 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the SEC on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. Opps XII Broker E Holdings, L.P. DE 0.00 959020.57 0.00 959020.57 959020.57 2.46 PN The reported securities represent 959,020.57 shares of Warrant to purchase shares of Common Stock issuable upon exercise of 959,020.57 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the SEC on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. OCM SSF III Broker Debt Holdings, L.P. DE 0.00 687108.74 0.00 687108.74 687108.74 1.76 PN The reported securities represent 687,108.74 shares of Warrant to purchase shares of Common Stock issuable upon exercise of 687,108.74 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the SEC on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. Oaktree Capital Holdings, LLC DE 0.00 1832289.96 0.00 1832289.96 1832289.96 4.70 OO The reported securities represent 1,832,289.96 shares of Warrant to purchase shares of Common Stock issuable upon exercise of 1,832,289.96 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the SEC on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. Oaktree Capital Group Holdings GP, LLC DE 0.00 1832289.96 0.00 1832289.96 1832289.96 4.70 OO The reported securities represent 1,832,289.96 shares of Warrant to purchase shares of Common Stock issuable upon exercise of 1,832,289.96 Warrants. The percent of class is calculated based on an aggregate of 38,962,881.96 shares of Common Stock comprised of (i) 37,130,592 shares of Common Stock outstanding as of May 5, 2026 as reported on the Issuer's 10-Q filed with the SEC on May 7, 2026 and (ii) 1,832,289.96 shares of Common Stock underlying the total amount of Warrants issued. BRC Group Holdings, Inc. 11100 Santa Monica Blvd, Suite 800, Los Angeles, CA 90025 This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons:" (i) RPVOF Broker CTB, LLC ("RPVOF"), which is controlled by its manager Oaktree Fund GP, LLC; (ii) OPIF Broker Holdings, L.P. ("OPIF"), which is controlled by its general partner Oaktree Fund AIF Series, L.P; (iii) Oaktree-Copley Investments, LLC ("Copley"), which is controlled by its manager Oaktree Capital Management, L.P.; (iv) Opps XII Broker E Holdings, L.P. ("Opps XII"), which is controlled by its general partner Oaktree Fund GP IIA, LLC; Oaktree Fund GP IIA, LLC is controlled by its managing member Oaktree Fund GP II, L.P.; (v) OCM SSF III Broker Debt Holdings, L.P. ("OCM SSF"), which is controlled by its general partner Oaktree Fund AIF Series (Cayman), L.P.; (vi) Oaktree Capital Holdings, LLC ("OCH"), which indirectly controls each of the foregoing; and (vii) Oaktree Capital Group Holdings GP, LLC ("OCGH"), which indirectly controls all of the other Reporting Persons. 333 S. Grand Ave., 28th Floor, Los Angeles, CA 90071 See responses to Item 4 on each cover page. Y See responses to Item 9 on each cover page. The reported securities are directly held by the following entities (the "Funds"): RPVOF directly holds 89,133.58 Warrants; OPIF directly holds 38,740.11 Warrants; Copley directly holds 58,286.98 Warrants; Opps XII directly holds 959,020.57 Warrants; and OCM SSF directly holds 687,108.74 Warrants. As a result of their indirect control of the Funds, each of OCH and OCGH may be deemed to beneficially own the 1,832,289.96 shares of Common Stock issuable upon exercise of the Warrants directly held by the Funds. Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing this statement shall not be construed as an admission that any of the Reporting Persons are beneficial owners of the reported securities, for the purposes of Section 13(d) and/or Section 13(g) of the Act. See responses to Item 11 on each cover page. See responses to Item 5 on each cover page. See responses to Item 6 on each cover page. See responses to Item 7 on each cover page. See responses to Item 8 on each cover page. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.1 Joint Filing Agreement, by and among the Reporting Persons, dated as of March 5, 2025, incorporated herein by reference to the Schedule 13G filed on March 5, 2025. RPVOF Broker CTB, LLC /s/ Henry Orren 05/15/2026 OPIF Broker Holdings, L.P. /s/ Henry Orren 05/15/2026 Oaktree-Copley Investments, LLC /s/ Henry Orren 05/15/2026 Opps XII Broker E Holdings, L.P. /s/ Henry Orren 05/15/2026 OCM SSF III Broker Debt Holdings, L.P. /s/ Henry Orren 05/15/2026 Oaktree Capital Holdings, LLC /s/ Henry Orren 05/15/2026 Oaktree Capital Group Holdings GP, LLC /s/ Henry Orren 05/15/2026