Wendel Karen 4
4 · Beneficient · Filed Nov 25, 2024
Insider Transaction Report
Form 4
BeneficientBENF
Wendel Karen
Director
Transactions
- Award
Class A Common Stock
2024-11-21+207,317→ 207,317 total - Award
Stock Option (Right to Buy)
2024-11-21+100,000→ 100,000 totalExercise: $0.82From: 2024-12-31Exp: 2034-11-20→ Class A Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Includes 207,317 shares of Class A common stock, par value $0.001 ("Class A common stock"), of Beneficient (the "Issuer") issuable upon the settlement of an award of 207,317 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Karen Wendel (the "Reporting Person") on November 21, 2024. Such award of RSUs to the Reporting Person will vest in four equal installments on the last day of each calendar quarter over a one-year period from the date of grant, provided that the Reporting Person is providing services to the Issuer through each applicable vesting date.
- [F2]The shares underlying this stock option were granted pursuant to the 2023 Equity Incentive Plan and will vest and become exercisable in eight equal installments on the last day of each calendar quarter over a two-year period from the date of grant, provided that the Reporting Person is providing services to the Issuer through each applicable vesting date.