Beneficient director Patrick J. Donegan gets stock grants

The awards were fully vested upon grant, with the underlying Class A shares issuable upon RSU settlement.

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Form Type

Rhea-AI Filing Summary

Beneficient director Patrick J. Donegan reported direct awards of fully vested RSUs covering 30,660 shares and 61,321 shares on September 18, 2026, and 23,897 shares on September 30, 2026. The underlying Class A common shares are issuable upon settlement of the RSUs. The 61,321-RSU award was granted in satisfaction of prior service compensation for October 1, 2025 through March 31, 2026.

Insider Trade Summary

Grant/Award: 115,878 shares

Grant/Award 3 txns

Insider Donegan Patrick J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock ^{F4, F2}	23,897	$0.00	$0.00
Grant/Award	Class A Common Stock ^{F1, F2}	30,660	$0.00	$0.00
Grant/Award	Class A Common Stock ^{F3, F2}	61,321	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 133,154 shares (Direct)

Footnotes (4)

F1. Includes 30,660 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 30,660 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Patrick J. Donegan (the "Reporting Person") on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.
F2. Includes 17,276 shares of Class A common stock issuable upon the settlement of an award of 17,276 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on September 30, 2024. Such award of RSUs to the Reporting Person vested in four equal installments on the last day of each calendar quarter over a one-year period from the date of grant.
F3. Includes 61,321 shares of Class A common stock issuable upon settlement of an award of 61,321 RSUs granted to the Reporting Person on September 18, 2026 pursuant to the 2023 Equity Incentive Plan. The RSUs were granted in satisfaction of the Reporting Person's prior service compensation for the period from October 1, 2025 through March 31, 2026. Such award of RSUs fully vested on the date of grant.
F4. Includes 23,897 shares of Class A common stock issuable upon settlement of an award of 23,897 RSUs granted to the Reporting Person on September 30, 2026 pursuant to the 2023 Equity Incentive Plan. Such award of RSUs to the Reporting Person fully vested on the date of grant.

Key Figures

Class A shares underlying RSUs: 30,660 shares Class A shares underlying RSUs: 61,321 shares Class A shares underlying RSUs: 23,897 shares

3 metrics

Class A shares underlying RSUs 30,660 shares Awarded September 18, 2026; fully vested on the grant date

Class A shares underlying RSUs 61,321 shares Awarded September 18, 2026; fully vested on the grant date

Class A shares underlying RSUs 23,897 shares Awarded September 30, 2026; fully vested on the grant date

Key Terms

restricted stock units, 2023 Equity Incentive Plan, fully vested

3 terms

restricted stock units financial

"award of 30,660 restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2023 Equity Incentive Plan financial

"pursuant to the Beneficient 2023 Equity Incentive Plan"

fully vested financial

"Such award of RSUs to the Reporting Person fully vested on the date of grant"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What BENF stock awards did Patrick J. Donegan report?

Beneficient director Patrick J. Donegan reported fully vested RSU awards covering 30,660 shares and 61,321 shares on September 18, 2026, and 23,897 shares on September 30, 2026. The underlying Class A common shares are issuable upon settlement of the RSUs.

What period did the BENF 61,321-RSU award cover?

The award was granted in satisfaction of Patrick J. Donegan’s prior service compensation for October 1, 2025 through March 31, 2026, and fully vested on September 18, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/29/2026 - 04:16 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:15 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Donegan Patrick J.

(Last)

(First)

(Middle)

325 N. SAINT PAUL STREET,

SUITE 4850

(Street)

DALLAS

TEXAS

75201

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Beneficient [ BENF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/18/2026		A		30,660⁽¹⁾	A	$0	47,936⁽²⁾	D
Class A Common Stock	09/18/2026		A		61,321⁽³⁾	A	$0	109,257⁽²⁾	D
Class A Common Stock	09/30/2026		A		23,897⁽⁴⁾	A	$0	133,154⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 30,660 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 30,660 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Patrick J. Donegan (the "Reporting Person") on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.

2. Includes 17,276 shares of Class A common stock issuable upon the settlement of an award of 17,276 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on September 30, 2024. Such award of RSUs to the Reporting Person vested in four equal installments on the last day of each calendar quarter over a one-year period from the date of grant.

3. Includes 61,321 shares of Class A common stock issuable upon settlement of an award of 61,321 RSUs granted to the Reporting Person on September 18, 2026 pursuant to the 2023 Equity Incentive Plan. The RSUs were granted in satisfaction of the Reporting Person's prior service compensation for the period from October 1, 2025 through March 31, 2026. Such award of RSUs fully vested on the date of grant.

4. Includes 23,897 shares of Class A common stock issuable upon settlement of an award of 23,897 RSUs granted to the Reporting Person on September 30, 2026 pursuant to the 2023 Equity Incentive Plan. Such award of RSUs to the Reporting Person fully vested on the date of grant.

	By: /s/ David B. Rost, Attorney-in-fact for Patrick J. Donegan	10/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR