Peter T. Cangany - Jun 7, 2023 Form 3 Insider Report for Beneficient (BENF)

Role: Director
Signature: /s/ David B. Rost, Attorney-in-fact for Peter T. Cangany, Jr.
Stock symbol: BENF
Transactions as of: Jun 7, 2023
Transactions value $: $0
Form type: 3
Date filed: 6/7/2023, 09:15 PM
Previous filing: Jun 11, 2024
Next filing: Feb 22, 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 (the "Issuer") issuable upon the settlement of an award of 50,000 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") to Peter T. Cangany, Jr. (the "Reporting Person") on April 25, 2019. Such award of REUs to the Reporting Person vested 25% on the date of grant, and the remaining 25% in three equal annual installments on April 1st 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.

Content

Includes 62,500 shares of Class A common stock, par value $0.001 ("Class A common stock"), of Beneficient (the "Issuer") issuable upon the settlement of an award of 50,000 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") to Peter T. Cangany, Jr. (the "Reporting Person") on April 25, 2019. Such award of REUs to the Reporting Person vested 25% on the date of grant, and the remaining 25% in three equal annual installments on April 1st of each subsequent calendar year.

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