4//SEC Filing
Hill Emily B. 4
Accession 0000950170-24-072181
CIK 0001775734other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 7:49 PM ET
Size
6.2 KB
Accession
0000950170-24-072181
Insider Transaction Report
Form 4
BeneficientBENF
Hill Emily B.
Director
Transactions
- Tax Payment
Class A Common Stock
2024-06-07$5.38/sh−125$673→ 1,143 total
Footnotes (4)
- [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 Emily B. Hill (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 625 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 500 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan to the Reporting Person 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.
Documents
Issuer
Beneficient
CIK 0001775734
Entity typeother
Related Parties
1- filerCIK 0001978504
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 7:49 PM ET
- Size
- 6.2 KB