Beneficient insider discloses large indirect holdings
Beneficient director and 10% owner Mack H. Hicks filed an initial statement of indirect holdings in the company’s common stock.
Rhea-AI Filing Summary
Beneficient director and 10% owner Mack H. Hicks filed an initial statement of indirect holdings in the company’s common stock. Entities associated with him report 149,904 Class A shares through HH-BDH, LLC and 11,560,705 Class A shares through Hicks Holdings Operating LLC. Hicks Holdings also holds 2,066 Class B shares, each convertible into one Class A share. Mr. Hicks is the sole member of these entities and can vote and direct the disposition of their shares, but he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hicks Mack H., Hicks Holdings Operating LLC
Role
Director, 10% Owner | Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 2,066 contracts (Indirect, See Footnotes);
Class A Common Stock — 11,710,609 shares (Indirect, See Footnotes)
Footnotes (4)
- F1. These shares of Class A common stock, par value $0.001 per share (the "Class A Shares"), of Beneficient (the "Issuer") are held by Hicks Holdings Operating, LLC, a Delaware limited liability company ("Hicks Holdings"). Mack Hicks is the sole member of Hicks Holdings and has the power to vote and direct the disposition of such shares. Mr. Hicks disclaims beneficial ownership of any securities directly held by Hicks Holdings, except to the extent of his pecuniary interest in such securities.
- F2. These Class A Shares of the Issuer are held by HH-BDH, LLC ("HH-BDH"). Hicks Holdings is the sole member of HH-BDH. Mr. Hicks is the sole member of Hicks Holdings and has the power to vote and direct the disposition of such shares. Mr. Hicks disclaims beneficial ownership of any securities directly held by HH-BDH, except to the extent of his pecuniary interest in such securities.
- F3. Each share of Class B common stock, par value $0.001 per share (the "Class B Shares"), of the Issuer is convertible into Class A Shares on a one-for-one basis (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's articles of incorporation. The Class B Shares are convertible on June 7, 2023, and do not expire.
- F4. The Class B Shares are held by Hicks Holdings. Mr. Hicks is the sole member of Hicks Holdings and has the power to vote and direct the disposition of such shares. Mr. Hicks disclaims beneficial ownership of any securities directly held by Hicks Holdings, except to the extent of his pecuniary interest in such securities.
Key Figures
Class A via HH-BDH: 149,904 shares
Class A via Hicks Holdings: 11,560,705 shares
Class B via Hicks Holdings: 2,066 shares
+2 more
5 metrics
Class A via HH-BDH
149,904 shares
Indirect Class A common stock held through HH-BDH, LLC
Class A via Hicks Holdings
11,560,705 shares
Indirect Class A common stock held through Hicks Holdings Operating LLC
Class B via Hicks Holdings
2,066 shares
Indirect Class B common stock held; each share convertible into one Class A share
Class B conversion ratio
1:1 into Class A
Each Class B common share convertible into one Class A share at holder’s option or upon transfer
Class B exercise price
$0.0000 per share
Stated conversion/exercise price for Class B into Class A common stock
Key Terms
beneficial ownership, pecuniary interest, Class B common stock, convertible, +1 more
5 terms
beneficial ownership financial
"Mr. Hicks disclaims beneficial ownership of any securities directly held by Hicks Holdings, except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Mr. Hicks disclaims beneficial ownership of any securities directly held by HH-BDH, except to the extent of his pecuniary interest"
Class B common stock financial
"Each share of Class B common stock, par value $0.001 per share (the "Class B Shares"), of the Issuer is convertible into Class A Shares"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"Each share of Class B common stock ... is convertible into Class A Shares on a one-for-one basis"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
sole member financial
"Mack Hicks is the sole member of Hicks Holdings and has the power to vote and direct the disposition of such shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Beneficient (BENF) Form 3 filing by Mack H. Hicks report?
The Form 3 filing reports Mack H. Hicks’ indirect holdings of Beneficient stock. It shows large blocks of Class A shares held through Hicks Holdings Operating LLC and HH-BDH, LLC, plus Class B shares that can convert into Class A on a one-for-one basis.
What is the significance of Beneficient (BENF) Class B common stock in this Form 3?
The filing shows 2,066 Class B common shares held by Hicks Holdings. Each Class B share is convertible into one Class A share at any time or upon most transfers, with no stated expiration, effectively representing additional potential Class A equity exposure for the holder.
How is Mack H. Hicks’ ownership in Beneficient (BENF) structured?
Mack H. Hicks is the sole member of Hicks Holdings Operating LLC and HH-BDH, LLC, which directly hold the Beneficient shares. He has power to vote and direct these shares but disclaims beneficial ownership except for his pecuniary interest, as described in the footnotes.
Does the Beneficient (BENF) Form 3 show any recent insider buying or selling?
No, the Form 3 presents Hicks’ existing indirect holdings rather than recent trades. The transactions are coded as holdings with no buy or sell indicators, meaning the filing establishes baseline ownership rather than reporting new purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
