4//SEC Filing
Carrasco Ruy 4
Accession 0000950170-24-032951
CIK 0001838163other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 5:27 PM ET
Size
8.6 KB
Accession
0000950170-24-032951
Insider Transaction Report
Form 4
Carrasco Ruy
See Remarks
Transactions
- Award
Common Stock
2024-03-14+27,010→ 27,010 total - Award
Stock Option (Right to Buy)
2023-03-14+67,525→ 67,525 totalExercise: $0.10Exp: 2025-05-01→ Common Stock (67,525 underlying)
Footnotes (3)
- [F1]On May 7, 2021, Brand Engagement Network Inc., a Wyoming corporation and the predecessor company (the "Predecessor") to Brand Engagement Network Inc., a Delaware corporation (the "Company") issued the Reporting Person a warrant to purchase 100,000 shares of Predecessor common stock. The Reporting Person converted these warrants in full on July 16, 2021 at a conversion price of $0.10 per share. 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 shares of Predecessor common stock were converted into shares of the Company as the entity surviving the merger. Shares reported herein are shares of the Company on an as-converted basis.
- [F2]On September 30, 2021, the Company provided the Reporting Person with an award of 250,000 stock options pursuant to the Predecessor's 2021 Incentive Stock Option Plan at an exercise price of $0.10 per share. Pursuant to the Predecessor's business combination with DHC, existing options of the Predecessor were assumed by the Company as the entity surviving the merger. These options have not yet been exercised. Shares reported herein are shares of the Company on an as-converted basis.
- [F3]One fourth (1/4th) of the options reported herein vested on the one-year anniversary of the award date, with the remaining balance vesting in a series of thirty-six (36) monthly installments measured from the one-year anniversary of the award date.
Documents
Issuer
Brand Engagement Network Inc.
CIK 0001838163
Entity typeother
Related Parties
1- filerCIK 0002012921
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 5:27 PM ET
- Size
- 8.6 KB