Beneficient (BENF) Director Bruce W. Schnitzer Receives 395,460-Share Award

What Happened
Bruce W. Schnitzer, a director of Beneficient (BENF), acquired a total of 395,460 shares via awards reported on Sep 18, 2026. The filing shows three award entries: 176,887 shares, 29,894 shares and 188,679 shares, each recorded at $0.00 (awarded/issued upon settlement of RSUs/REUs). These awards were granted as compensation (including 188,679 RSUs granted in satisfaction of prior service compensation) and, per the footnotes, the large RSU grants fully vested on the grant date.

Key Details

• Transaction date(s): September 18, 2026; Filing date (Form 4): September 22, 2026 (filed within the standard two-business-day window).
• Transaction type/code: A = Award/Grant; reported price $0.00 (awarded/settled shares).
• Total shares acquired on 9/18/2026: 395,460 (176,887 + 29,894 + 188,679).
• Shares owned after transaction: Not specified in the provided filing text.
• Notable footnotes:
  • F1: 176,887 RSUs (2023 Equity Incentive Plan), fully vested on grant.
  • F5: 29,894 RSUs (2023 Equity Incentive Plan), fully vested on grant.
  • F6: 188,679 RSUs (2023 Equity Incentive Plan) granted as prior service compensation, fully vested on grant.
  • F2/F3/F4: Smaller prior awards also disclosed (80 RSUs from 7/15/2023 with staged vesting; 14,375 REUs from 2018 plan representing 224 shares with staged vesting; 1,500 REUs from 4/1/2022 representing 23 shares with staged vesting).
• Filing timeliness: Filing appears timely (Form 4 filed Sep 22 for Sep 18 transaction).

Context
These were equity compensation awards (RSUs/REUs) that converted into shares at no cash cost to the insider; they are not open‑market purchases or sales. Such awards are commonly used for director/service compensation and reflect grant/vesting actions rather than a direct buy or sell signal. The largest tranche (188,679 RSUs) was explicitly granted to satisfy prior service compensation.