Dennis P. Lockhart - Jun 7, 2023 Form 3 Insider Report for Beneficient (BENF)

Role
Director
Signature
/s/ David B. Rost Attorney-in-fact for Dennis P. Lockhart
Stock symbol
BENF
Transactions as of
Jun 7, 2023
Transactions value $
$0
Form type
3
Date filed
6/7/2023, 09:11 PM
Previous filing
May 17, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BENF Class A Common Stock 77.5K Jun 7, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 62,500 shares of Class A common stock, par value $0.001 ("Class A common stock"), of Beneficient issuable upon the settlement of an award of 50,000 restricted equity units (the "REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan (the "2018 Equity Incentive Plan") to Dennis P. Lockhart (the "Reporting Person") on May 1, 2020. The REUs vested 25% on the date of grant, and the remaining 75% in three equal annual installments on May 10th of each subsequent calendar year.
F2 Includes 15,000 shares of Class A common stock issuable upon settlement of an award of 12,000 REUs to the Reporting Person granted pursuant to the 2018 Equity Incentive Plan on April 1, 2022. Such award of REUs to the Reporting Person shall vest 40% on June 8, 2023, and the remaining 60% in three equal annual installments on April 1st of each subsequent calendar year.

Remarks:

Exhibit 24: Power of Attorney