Derek L. Fletcher - Mar 31, 2023 Form 5 Insider Report for Beneficient (BENF)

Role
Chief Fiduciary Officer, Director
Signature
/s/ David B. Rost Attorney-in-fact for Derek L. Fletcher
Stock symbol
BENF
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
5
Date filed
6/11/2024, 07:29 PM
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BENF Class A Common Stock Award $0 +907 +27.18% $0.00 4.24K Jul 15, 2023 Direct F1, F2, F3, F4
transaction BENF Class A Common Stock Award $0 +726 +17.11% $0.00 4.97K Jul 15, 2023 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares shown have been retroactively adjusted to reflect Beneficient's (the "Issuer") reverse stock split of its outstanding shares of Class A common stock, par value $0.001 per share ("Class A common stock"), and Class B common stock, par value $0.001 per share, on a 1-for-80 basis effected on April 18, 2024.
F2 Includes 907 shares of Class A common stock issuable upon the settlement of an award of 907 restricted stock units ("RSUs") granted pursuant to Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Derek L. Fletcher (the "Reporting Person") on July 15, 2023. Such award of RSUs to the Reporting Person vested 20% on September 1, 2023, and the remaining 80% in four equal annual installments on September 1st of each subsequent calendar year.
F3 Includes 3,125 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 2,500 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") to the Reporting Person on January 1, 2020. Such award of REUs to the Reporting Person vested 40% on the date of grant, and the remaining 60% in three equal annual installments on July 16th of each subsequent calendar year.
F4 Includes 212 shares of Class A common stock issuable upon settlement of an award of 170 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.
F5 Includes 726 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 726 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on July 15, 2023. Such award of RSUs to the Reporting Person fully vested on September 1, 2023.

Remarks:

Chief Fiduciary Officer