Beneficient CEO buys 9,434 shares at $1.06

Beneficient’s CEO made an open-market purchase of Class A shares, modestly increasing his direct stake including underlying equity awards.

Available on EDGAR 09/17/2026 - 04:16 PM EDT Accepted by SEC EDGAR 09/17/2026 - 04:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Beneficient (BENF) reported that Chief Executive Officer James G. Silk purchased 9,434 shares of Class A common stock in an open-market transaction on September 15, 2026 at $1.06 per share, held directly. Following this purchase, he directly owns 1,110,930 shares of Class A common stock, including shares issuable upon settlement of previously granted restricted equity units and restricted stock units. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 9,434 shares

Net Buy 1 txn

Insider Silk James G.

Role Chief Executive Officer

Bought 9,434 shs ($10K)

Increase in Position 0.86%

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock F1, F2, F3, F4	9,434	$1.06	$10K

Holdings After Transaction: Class A Common Stock — 1,110,930 shares (Direct)

Holdings Before and After: Class A Common Stock, 1,101,496 to 1,110,930 shares (Direct)

Other Insiders: 2 other insiders reported open-market purchases of this stock in the 30 days up to this filing.

Footnotes (4)

1. F1. Includes 109 shares of Class A common stock, par value $0.001 per share (the "Class A common stock"), issuable upon the settlement of an award of 87 restricted equity units ("REUs") granted to James G. Silk (the "Reporting Person") pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan (the "2018 Equity Incentive Plan") on January 6, 2020. Such award of REUs to the Reporting Person vested 20% on January 6, 2020 and in 20% installments on January 6, 2021, 2022, 2023 and 2024.
2. F2. Includes 35 shares of Class A common stock issuable upon the settlement of an award of 28 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.
3. F3. Includes 150 shares of Class A common stock issuable upon the settlement of an award of 150 restricted stock units ("RSUs") granted pursuant to Beneficient 2023 Equity Incentive Plan (the "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.
4. F4. Includes 120 shares of Class A common stock issuable upon the settlement of an award of 120 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 100% on September 1, 2023.

Key Figures

Shares purchased: 9,434 shares Purchase price per share: $1.06 per share Shares held after transaction: 1,110,930 shares +4 more

7 metrics

Shares purchased 9,434 shares Class A common stock bought on September 15, 2026

Purchase price per share $1.06 per share Open-market transaction on September 15, 2026

Shares held after transaction 1,110,930 shares Direct Class A common stock ownership after September 15, 2026 purchase

Shares from 2020 REUs included 109 shares Issuable upon settlement of 87 REUs granted January 6, 2020

Shares from 2022 REUs included 35 shares Issuable upon settlement of 28 REUs granted April 1, 2022

Shares from 2023 RSU award (multi-year vesting) 150 shares Issuable upon settlement of RSUs granted July 15, 2023 vesting through 2027

Shares from 2023 RSU award (fully vested in 2023) 120 shares Issuable upon settlement of RSUs granted July 15, 2023 vested 100% on September 1, 2023

Key Terms

restricted equity units, restricted stock units, Equity Incentive Plan

3 terms

restricted equity units financial

"Includes 109 shares of Class A common stock, par value $0.001 per share, issuable upon the settlement of an award of 87 restricted equity units"

restricted stock units financial

"Includes 150 shares of Class A common stock issuable upon the settlement of an award of 150 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.

Equity Incentive Plan financial

"pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan and Beneficient 2023 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

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

What insider transaction did Beneficient (BENF) report for its CEO?

Beneficient reported that CEO James G. Silk purchased 9,434 Class A shares on September 15, 2026 in an open-market transaction at $1.06 per share, increasing his directly held position.

How many Beneficient (BENF) shares does the CEO hold after this transaction?

After the purchase, CEO James G. Silk directly holds 1,110,930 shares of Beneficient Class A common stock, which includes shares issuable upon settlement of outstanding restricted equity units and restricted stock units described in the filing’s footnotes.

Was the Beneficient (BENF) CEO’s share purchase under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for the September 15, 2026 purchase by CEO James G. Silk.

What price did the Beneficient (BENF) CEO pay per share in this Form 4 transaction?

CEO James G. Silk paid $1.06 per share for 9,434 shares of Beneficient Class A common stock in the September 15, 2026 open-market purchase disclosed in the Form 4.

What equity incentive awards are included in the Beneficient (BENF) CEO’s reported holdings?

The reported 1,110,930 shares include 109 shares from 2020 REUs, 35 shares from 2022 REUs, and 150 plus 120 shares from 2023 RSU awards, all issuable upon settlement under the company’s equity incentive plans.

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

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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^*

Silk James G.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		P		9,434	A	$1.06	1,110,930(1)(2)(3)(4)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 109 shares of Class A common stock, par value $0.001 per share (the "Class A common stock"), issuable upon the settlement of an award of 87 restricted equity units ("REUs") granted to James G. Silk (the "Reporting Person") pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan (the "2018 Equity Incentive Plan") on January 6, 2020. Such award of REUs to the Reporting Person vested 20% on January 6, 2020 and in 20% installments on January 6, 2021, 2022, 2023 and 2024.

2. Includes 35 shares of Class A common stock issuable upon the settlement of an award of 28 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.

3. Includes 150 shares of Class A common stock issuable upon the settlement of an award of 150 restricted stock units ("RSUs") granted pursuant to Beneficient 2023 Equity Incentive Plan (the "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.

4. Includes 120 shares of Class A common stock issuable upon the settlement of an award of 120 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 100% on September 1, 2023.

	By: /s/ David B. Rost, Attorney-in-fact for James G. Silk	09/17/2026
	** 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)