Beneficient (BENF) 10% Owner Mack Hicks Receives RSU Award

What Happened

• Mack H. Hicks, listed as a 10% owner of Beneficient (BENF), was granted 26,828 restricted stock units (RSUs) on September 18, 2026. The RSUs fully vested on the date of grant and are issuable as 26,828 shares of Class A common stock. The acquisition is reported at $0.00 per share (award/issuance rather than an open‑market purchase).

Key Details

• Transaction date: 2026-09-18 (Report filed 2026-09-22; filing appears timely under the 2-business-day Form 4 rule).
• Transaction type/code: Award/Grant (A) of 26,828 RSUs; reported acquisition price $0.00.
• Total shares from this award: 26,828 Class A shares issuable upon settlement.
• Shares owned after transaction: Not specified in this Form 4 (filing identifies Hicks as a 10% owner but does not list total post-settlement holdings).
• Footnotes: F1 — RSUs granted under the Beneficient 2023 Equity Incentive Plan and fully vested on grant. F2/F3 — Some Beneficient shares are held indirectly through Hicks Holdings Operating, LLC and HH-BDH, LLC; Hicks is sole member of those entities and disclaims beneficial ownership of securities held directly by them except for his pecuniary interest.

Context

• This was a compensation award (RSUs) that vested immediately on grant, not an open-market buy or sale; such grants typically reflect compensation/retention rather than an independent bullish purchase signal. As a 10% owner, holdings include interests in related entities (per the disclaimers), so ownership shown may include indirect holdings.