Bruce W. Schnitzer - 18 Sep 2026 Form 4 Insider Report for Beneficient (BENF)

Reporting relationship: Director
Issuer ticker: BENF
Reported as of: 18 Sep 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 Sep 2026, 21:54:56 UTC
Prior SEC filing: 09 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ David B. Rost Attorney-in-fact for Bruce W. Schnitzer

Key filing fact

Bruce W. Schnitzer filed Form 4 for Beneficient (BENF) on 22 Sep 2026.

Key facts

This page summarizes Bruce W. Schnitzer's Form 4 filing for Beneficient (BENF).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 22 Sep 2026, 21:54.

Change

Previous filing in this sequence was filed on 09 Dec 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001328993 Primary reporting owner

Schnitzer Bruce William

Relationship: Director
Address: 325 N. SAINT PAUL STREET, SUITE 4850, DALLAS
Signature: /s/ David B. Rost Attorney-in-fact for Bruce W. Schnitzer
Signature date: 22 Sep 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BENF transaction

Class A Common Stock

Award

Transaction value
Shares: +176,887
Change %: +150%
Price: $0.000000^*
Shares after: 294,980
Date: 18 Sep 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4

BENF transaction

Class A Common Stock

Award

Transaction value
Shares: +29,894
Change %: +10%
Price: $0.000000^*
Shares after: 324,874
Date: 18 Sep 2026
Ownership: Direct
Footnotes: F2, F3, F4, F5

BENF transaction

Class A Common Stock

Award

Transaction value
Shares: +188,679
Change %: +58%
Price: $0.000000^*
Shares after: 513,553
Date: 18 Sep 2026
Ownership: Direct
Footnotes: F2, F3, F4, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Includes 176,887 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 176,887 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Bruce W. Schnitzer (the "Reporting Person") on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.

Footnote F2

Includes 80 shares of Class A common stock issuable upon the settlement of an award of 80 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 vested 20% on each of September 1, 2023, 2024, 2025, 2026, and the remaining 20% will vest on September 1, 2027.

Footnote F3

Includes 224 shares of Class A common stock issuable upon the settlement of an award of 14,375 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 11, 2018. Such award of REUs to the Reporting Person vested 25% on the date of grant, and the remaining 75% in three equal annual installments on April 25th of each subsequent calendar year.

Footnote F4

Includes 23 shares of Class A common stock issuable upon settlement of an award of 1,500 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 vested 40% on June 8, 2023, and the remaining 60% in three equal annual installments on April 1st of each subsequent calendar year.

Footnote F5

Includes 29,894 shares of Class A common stock issuable upon the settlement of an award of 29,894 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.

Footnote F6

Includes 188,679 shares of Class A common stock issuable upon settlement of an award of 188,679 RSUs granted to the Reporting Person on September 18, 2026 pursuant to the 2023 Equity Incentive Plan. The RSUs were granted in satisfaction of the Reporting Person's prior service compensation for the period from January 1, 2025 through March 31, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.