Emily B. Hill - Jun 7, 2024 Form 4 Insider Report for Beneficient (BENF)

Role
Director
Signature
/s/ David B. Rost Attorney-in-fact for Emily B. Hill
Stock symbol
BENF
Transactions as of
Jun 7, 2024
Transactions value $
-$673
Form type
4
Date filed
6/11/2024, 07:49 PM
Previous 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 Tax liability -$673 -125 -9.86% $5.38 1.14K Jun 7, 2024 Direct F1, F2, F3, F4

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 Represents shares of Class A common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of restricted stock units ("RSUs") granted to Emily B. Hill (the "Reporting Person"). No shares were issued or sold in this transaction.
F3 Includes 643 shares of Class A common stock issuable upon the settlement of an award of 643 RSUs granted pursuant to Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to 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.
F4 Includes 625 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 500 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan to the Reporting Person 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.