Beneficient — Director's Dealing 2024

Jun 11, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Beneficient (BENF)
CIK: 0001775734
Period of Report: 2024-06-07

Reporting Person: Wilson Scott W. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-06-07	Class A Common Stock	F	664	$5.38	Disposed	2444	Direct

Footnotes

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 Scott W. Wilson (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 1,676 shares of Class A common stock issuable upon the settlement of an award of 1,341 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 1, 2020. Such award of REUs to the Reporting Person vested 40% on the date of grant, and the remaining 60% in 3 equal annual installments on September 24th of each subsequent calendar year.

F5: Includes 150 shares of Class A common stock issuable upon settlement of an award of 120 REUs to the Reporting Person granted 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.

F6: Includes 125 shares of Class A common stock issuable upon settlement of an award of 100 REUs to the Reporting Person granted as a bonus pursuant to the 2018 Equity Incentive Plan on October 1, 2022. Such award of REUs to the Reporting Person shall vest 50% on June 8, 2023, 25% on December 8, 2023 and 25% on June 8, 2024.

F7: Includes 514 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 514 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.