Karen Wendel - 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, 21:55:28 UTC
Prior SEC filing: 25 Nov 2024
Source filing: View source filing
Reporting owner signature: By: /s/ David B. Rost, Attorney-in-fact for Karen Wendel

Key filing fact

Karen Wendel filed Form 4 for Beneficient (BENF) on 22 Sep 2026.

Key facts

This page summarizes Karen Wendel's Form 4 filing for Beneficient (BENF).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 22 Sep 2026, 21:55.

Change

Previous filing in this sequence was filed on 25 Nov 2024.
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 0001744198 Primary reporting owner

Wendel Karen

Relationship: Director
Address: 325 N. SAINT PAUL STREET, SUITE 4850, DALLAS
Signature: By: /s/ David B. Rost, Attorney-in-fact for Karen Wendel
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: +32,960
Change %: +127%
Price: $0.000000^*
Shares after: 58,874
Date: 18 Sep 2026
Ownership: Direct
Footnotes: F1, F2

BENF transaction

Class A Common Stock

Award

Transaction value
Shares: +44,016
Change %: +75%
Price: $0.000000^*
Shares after: 102,890
Date: 18 Sep 2026
Ownership: Direct
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Includes 32,960 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 32,960 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Karen Wendel (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 25,914 shares of Class A common stock issuable upon the settlement of an award of 25,914 RSUs granted pursuant to 2023 Equity Incentive Plan to the Reporting Person on November 21, 2024. Such award of RSUs to the Reporting Person vested in four equal installments on the last day of each calendar quarter over a one-year period from the date of grant.

Footnote F3

Includes 44,016 shares of Class A common stock issuable upon settlement of an award of 44,016 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 November 22, 2025 through March 31, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.