{"url_path":"/sec/bno/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1472494/0001104659-26-057778-index.html","accession_number":"0001104659-26-057778","cik":"0001472494","ticker":"BNO","issuer_name":"United States Brent Oil Fund, LP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1472494/0001104659-26-057778-index.html","primary_entity_key":"0001472494","primary_entity_name":"United States Brent Oil Fund, LP"},"word_count":138,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**\n\n(a)None.\n\n(b)Not applicable.\n\n(c)BNO does not purchase shares directly from its shareholders. In connection with its redemption of baskets held by Authorized Participants, BNO redeemed 21 baskets (comprising 1,050,000 shares) during the first quarter of the year ending December 31, 2025. The following table summarizes the redemptions by Authorized Participants during the three months ended March 31, 2026:\n\n**Issuer Purchases of Equity Securities**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Total**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Number of**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Shares**\n\n​\n\n**Average Price Per**\n\n**Period**\n\n**  ​ ​ ​**\n\n**Redeemed**\n\n**  ​ ​ ​**\n\n**Share**\n\n1/1/26 to 1/31/26\n\n \n\n50,000\n\n​\n\n$\n\n30.22\n\n2/1/26 to 2/28/26\n\n \n\n300,000\n\n​\n\n$\n\n33.12\n\n3/1/26 to 3/31/26\n\n \n\n700,000\n\n​\n\n$\n\n47.46\n\nTotal\n\n \n\n1,050,000\n\n​\n\n​\n\n​\n\n​\n\n​"}