3//SEC Filing
GWG Holdings, Inc. 3
Accession 0001213900-23-047271
CIK 0001775734operating
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 9:22 PM ET
Size
8.4 KB
Accession
0001213900-23-047271
Insider Transaction Report
Form 3
BeneficientBENF
GWG Holdings, Inc.
10% Owner
Holdings
- 67,100,832(indirect: By Subsidiary)
Class A Common Stock, $0.001 par value
Preferred C-1 Unit of Beneficient Company Holdings, L.P.
Exercise: $10.20→ Class A Common Stock, $0.001 par value (20,117,647 underlying)- 58,609,893
Class A Common Stock, $0.001 par value
Footnotes (3)
- [F1]Shares are owned directly by GWG Life USA, LLC, which is a wholly owned subsidiary of GWG Holdings, Inc. As such, GWG Holdings, Inc. is an indirect beneficial owner of the reported securities.
- [F2]The Preferred C-1 Units held by the reporting person will automatically convert to the Class A Common Stock on the business day after the VWAP Period. The "VWAP Period" is the period commencing on the first trading day after June 7, 2023 and ending on the 20th trading day after June 7,2023.
- [F3]The conversion price of the Preferred C-1 Units held by the reporting person will be the lower of (i) the volume-weighted average trading price of the issuer's Class A common stock for the 20 trading days following June 7, 2023 and (ii) $10.20 per share of Class A common stock.
Documents
Issuer
Beneficient
CIK 0001775734
Entity typeoperating
Related Parties
1- filerCIK 0001522690
Filing Metadata
- Form type
- 3
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 9:22 PM ET
- Size
- 8.4 KB