James G. Silk - Mar 31, 2023 Form 5 Insider Report for Beneficient (BENF)

Role
Chief Legal Officer and Executive Vice President, Director
Signature
/s/ James G. Silk
Stock symbol
BENF
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
5
Date filed
6/12/2024, 04:15 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 +1.2K +103.7% $0.00 2.37K Jul 15, 2023 Direct F1, F2, F3, F4
transaction BENF Class A Common Stock Award $0 +964 +40.76% $0.00 3.33K Jul 15, 2023 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James G. Silk is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 1,204 shares of Class A common stock issuable upon the settlement of an award of 1,204 restricted stock units ("RSUs") granted pursuant to Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to James G. Silk (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 879 shares of Class A common stock issuable upon the settlement of an award of 704 restricted equity units ("REUs") granted to the Reporting Person pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") on January 6, 2020. Such award of REUs to the Reporting Person vested 20% on the date of grant, and the remaining 80% in four equal annual instalments on January 6th of each subsequent calendar year.
F4 Includes 282 shares of Class A common stock issuable upon settlement of an award of 225 REUs granted to the Reporting Person 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 964 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 964 RSUs granted pursuant to 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 Legal Officer and Executive Vice President