5//SEC Filing
Fletcher Derek L. 5
Accession 0000950170-24-072142
CIK 0001775734other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 7:29 PM ET
Size
8.5 KB
Accession
0000950170-24-072142
Insider Transaction Report
Form 5
BeneficientBENF
Fletcher Derek L.
DirectorSee Remarks
Transactions
- Award
Class A Common Stock
2023-07-15+907→ 4,244 total - Award
Class A Common Stock
2023-07-15+726→ 4,970 total
Footnotes (5)
- [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]Includes 907 shares of Class A common stock issuable upon the settlement of an award of 907 restricted stock units ("RSUs") granted pursuant to Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Derek L. Fletcher (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.
- [F3]Includes 3,125 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 2,500 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 three equal annual installments on July 16th of each subsequent calendar year.
- [F4]Includes 212 shares of Class A common stock issuable upon settlement of an award of 170 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.
- [F5]Includes 726 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 726 RSUs granted pursuant to the 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.
Documents
Issuer
Beneficient
CIK 0001775734
Entity typeother
Related Parties
1- filerCIK 0001979072
Filing Metadata
- Form type
- 5
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 7:29 PM ET
- Size
- 8.5 KB