Michael Zacharski - 14 Mar 2024 Form 4 Insider Report for Brand Engagement Network Inc. (BNAI)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: BNAI
Reported as of: 14 Mar 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Mar 2024, 17:30:19 UTC
Next SEC filing: 10 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Michael Zacharski

Key filing fact

Michael Zacharski filed Form 4 for Brand Engagement Network Inc. (BNAI) on 18 Mar 2024.

Key facts

This page summarizes Michael Zacharski's Form 4 filing for Brand Engagement Network Inc. (BNAI).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 18 Mar 2024, 17:30.

Change

No earlier filing in this sequence is available for direct comparison.
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

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BNAI transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +1,350,500
Change %
Price: $0.000000
Shares after: 1,350,500
Date: 14 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,350,500
Exercise price: $1.00
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On March 15, 2023, Brand Engagement Network Inc., a Wyoming corporation and the predecessor company (the "Predecessor") to Brand Engagement Network Inc., a Delaware corporation (the "Company") provided the Reporting Person with an award of 5,000,000 fully vested stock options pursuant to the Predecessor's 2021 Incentive Stock Option Plan. Pursuant to the Predecessor's business combination with DHC Acquisition Corp., a former Cayman Islands corporation ("DHC"), as reported on Form S-4 filed by DHC with the Securities and Exchange Commission on October 17, 2023 and most recently amended on February 12, 2024 (File No. 333-275058), existing options of the Predecessor were assumed by the Company as the entity surviving the merger. Shares reported herein are shares of the Company on an as-converted basis.

Footnote F2

Options reported herein were fully vested at the original grant date of March 15, 2023.