Beneficient director granted 247,642 RSUs

As of September 18, 2026, Cangany Capital Management, LLC directly held 40,625 Class A shares and The Cangany Group, LLC held 12,500.

Rhea-AI Filing Summary

Beneficient (symbol: BENF) is the issuer of record for a Form 4 filing submitted to the SEC. CANGANY PETER T JR reported acquisition or exercise transactions in this Form 4 filing.

Peter T. Cangany, Jr., a Beneficient director, reported awards of 32,960 and 247,642 Class A common shares issuable upon settlement of restricted stock units on September 18, 2026; both awards fully vested on the grant date. The 247,642-RSU award was granted in satisfaction of prior service compensation for January 1, 2025, through March 31, 2026. As of September 18, 2026, Cangany Capital Management, LLC directly held 40,625 shares and The Cangany Group, LLC directly held 12,500 shares. Cangany disclaims beneficial ownership of those entity-held shares except to the extent of his pecuniary interest.

Insider Trade Summary

Grant/Award: 280,602 shares

Grant/Award 4 txns

Insider CANGANY PETER T JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2, F3, F4	32,960	$0.00	$0.00
Grant/Award	Class A Common Stock F5, F2, F3, F4	247,642	$0.00	$0.00
holding	Class A common stock F6	--	--	--
holding	Class A common stock F7	--	--	--

Holdings After Transaction: Class A Common Stock — 379,131 shares (Direct); Class A common stock — 40,625 shares (Indirect, By Cangany Capital Management, LLC); Class A common stock — 12,500 shares (Indirect, By The Cangany Group, LLC)

Footnotes (7)

1. F1. Includes 32,960 shares of Class A common stock, par value $0.001 per share (the "Class A common stock"), of Beneficient (the "Issuer") issuable upon the settlement of an award of 32,960 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Peter T. Cangany, Jr. (the "Reporting Person") on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.
2. F2. Includes 80 shares of Class A common stock issuable upon the settlement of an award of 80 RSUs granted pursuant to 2023 Equity Incentive Plan to the Reporting Person on July 15, 2023. Such award of RSUs to the Reporting Person vested 20% on each of September 1, 2023, 2024, 2025, 2026, and the remaining 20% will vest on September 1, 2027.
3. F3. Includes 97 shares of Class A common stock issuable upon the settlement of an award of 78 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") to the Reporting Person on April 25, 2019. Such award of REUs to the Reporting Person vested 25% on the date of grant and in 25% installments on April 1, 2020, 2021 and 2022.
4. F4. Includes 23 shares of Class A common stock issuable upon settlement of an award of 18 REUs granted to the Reporting Person pursuant to the 2018 Equity Incentive Plan on April 1, 2022. Such award of REUs to the Reporting Person vested 40% on June 8, 2023 and in 20% installments on April 1, 2024, 2025 and 2026.
5. F5. Includes 247,642 shares of Class A common stock issuable upon the settlement of an award of 247,642 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on September 18, 2026. The RSUs were granted in satisfaction of the Reporting Person's prior service compensation for the period from January 1, 2025 through March 31, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.
6. F6. These shares of Class A common stock are directly held by Cangany Capital Management, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own securities of the Issuer held by such limited liability company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
7. F7. These shares of Class A common stock are directly held by The Cangany Group, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own securities of the Issuer held by such limited liability company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Key Figures

Awarded RSUs: 32,960 RSUs Awarded RSUs: 247,642 RSUs Class A shares held: 40,625 shares +1 more

4 metrics

Awarded RSUs 32,960 RSUs Granted September 18, 2026; fully vested on grant date

Awarded RSUs 247,642 RSUs Granted September 18, 2026; in satisfaction of prior service compensation

Class A shares held 40,625 shares Directly held by Cangany Capital Management, LLC as of September 18, 2026

Class A shares held 12,500 shares Directly held by The Cangany Group, LLC as of September 18, 2026

Key Terms

restricted stock units, 2023 Equity Incentive Plan, restricted equity units, pecuniary interest

4 terms

restricted stock units financial

"award of 32,960 restricted stock units ("RSUs")"

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

"granted pursuant to the Beneficient 2023 Equity Incentive Plan"

restricted equity units financial

"award of 78 restricted equity units ("REUs")"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

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

What BENF stock awards did director Peter T. Cangany, Jr. receive?

He received awards covering 32,960 and 247,642 Class A shares issuable upon settlement of restricted stock units. Both awards fully vested on September 18, 2026.

Was a BENF award granted for prior service compensation?

The 247,642-RSU award was granted in satisfaction of prior service compensation for the period from January 1, 2025, through March 31, 2026.

How many BENF shares were held by Cangany-related LLCs?

As of September 18, 2026, Cangany Capital Management, LLC directly held 40,625 shares, and The Cangany Group, LLC directly held 12,500 shares.

What did Peter T. Cangany disclose about beneficial ownership of the LLC-held BENF shares?

Cangany may be deemed to beneficially own the shares held by the two LLCs, but disclaims beneficial ownership except to the extent of his pecuniary interest.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/22/2026 - 09:54 PM Accepted by SEC EDGAR 09/22/2026 - 09:53 PM Learn about SEC filing dates

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^*

CANGANY PETER T JR

(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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/18/2026		A		32,960(1)	A	$0	131,489(2)(3)(4)	D
Class A Common Stock	09/18/2026		A		247,642(5)	A	$0	379,131(2)(3)(4)	D
Class A common stock								40,625	I	By Cangany Capital Management, LLC(6)
Class A common stock								12,500	I	By The Cangany Group, LLC(7)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 32,960 shares of Class A common stock, par value $0.001 per share (the "Class A common stock"), of Beneficient (the "Issuer") issuable upon the settlement of an award of 32,960 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Peter T. Cangany, Jr. (the "Reporting Person") on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.

2. Includes 80 shares of Class A common stock issuable upon the settlement of an award of 80 RSUs granted pursuant to 2023 Equity Incentive Plan to the Reporting Person on July 15, 2023. Such award of RSUs to the Reporting Person vested 20% on each of September 1, 2023, 2024, 2025, 2026, and the remaining 20% will vest on September 1, 2027.

3. Includes 97 shares of Class A common stock issuable upon the settlement of an award of 78 restricted equity units ("REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") to the Reporting Person on April 25, 2019. Such award of REUs to the Reporting Person vested 25% on the date of grant and in 25% installments on April 1, 2020, 2021 and 2022.

4. Includes 23 shares of Class A common stock issuable upon settlement of an award of 18 REUs granted to the Reporting Person pursuant to the 2018 Equity Incentive Plan on April 1, 2022. Such award of REUs to the Reporting Person vested 40% on June 8, 2023 and in 20% installments on April 1, 2024, 2025 and 2026.

5. Includes 247,642 shares of Class A common stock issuable upon the settlement of an award of 247,642 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on September 18, 2026. The RSUs were granted in satisfaction of the Reporting Person's prior service compensation for the period from January 1, 2025 through March 31, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.

6. These shares of Class A common stock are directly held by Cangany Capital Management, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own securities of the Issuer held by such limited liability company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.

7. These shares of Class A common stock are directly held by The Cangany Group, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own securities of the Issuer held by such limited liability company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

	By: /s/ David B. Rost, Attorney-in-fact for Peter T. Cangany, Jr.	09/22/2026
	** 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)