STOCK TITAN

[Form 4] Beneficient Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Beneficient (BENF) Form 4 shows Global Head of Organizations & Distribution Jeff Welday acquired 30,687 Class A shares on 21 Jul 2025 through an immediately-vesting restricted stock unit (RSU) grant made under the 2023 Equity Incentive Plan. The shares were issued at $0 cost and coded “A” (acquisition), indicating they were awarded, not purchased on the open market.

Following the settlement, Welday’s direct beneficial ownership rises to 172,394 shares. This total includes prior equity awards: 61,592 RSUs granted 14 Jan 2025, 28,320 RSUs granted 15 Jul 2023, multiple REU awards from 2018-2022, and a 1,670-share RSU grant dated 16 Jan 2025. No derivative securities or sales were reported.

The filing reflects routine executive compensation and signals increased insider alignment but only modest dilution to existing shareholders. Because no open-market buying or selling occurred, immediate trading impact is expected to be minimal.

Il modulo Form 4 di Beneficient (BENF) mostra che il Global Head of Organizations & Distribution, Jeff Welday, ha acquisito 30.687 azioni di Classe A il 21 luglio 2025 tramite una concessione di unità azionarie vincolate (RSU) con maturazione immediata, nell'ambito del Piano di Incentivi Azionari 2023. Le azioni sono state emesse a costo zero e contrassegnate con la lettera “A” (acquisizione), indicando che sono state assegnate e non acquistate sul mercato aperto.

Dopo la liquidazione, la posizione azionaria diretta di Welday sale a 172.394 azioni. Questo totale include precedenti assegnazioni di azioni: 61.592 RSU concesse il 14 gennaio 2025, 28.320 RSU concesse il 15 luglio 2023, diverse assegnazioni REU dal 2018 al 2022, e una concessione di 1.670 RSU datata 16 gennaio 2025. Non sono stati riportati titoli derivati o vendite.

La dichiarazione riflette una normale compensazione esecutiva e segnala un incremento nell’allineamento degli insider, con una diluizione modesta per gli azionisti esistenti. Poiché non si sono verificati acquisti o vendite sul mercato aperto, l’impatto immediato sul trading dovrebbe essere minimo.

El Formulario 4 de Beneficient (BENF) muestra que el Global Head of Organizations & Distribution, Jeff Welday, adquirió 30,687 acciones Clase A el 21 de julio de 2025 mediante una concesión de unidades restringidas de acciones (RSU) con adquisición inmediata, otorgada bajo el Plan de Incentivos de Capital 2023. Las acciones se emitieron a costo cero y se codificaron con la letra “A” (adquisición), lo que indica que fueron otorgadas y no compradas en el mercado abierto.

Tras la liquidación, la posesión directa beneficiosa de Welday aumenta a 172,394 acciones. Este total incluye premios de capital previos: 61,592 RSU otorgadas el 14 de enero de 2025, 28,320 RSU otorgadas el 15 de julio de 2023, múltiples premios REU de 2018 a 2022, y una concesión de 1,670 RSU fechada el 16 de enero de 2025. No se reportaron valores derivados ni ventas.

La presentación refleja una compensación ejecutiva rutinaria y señala un mayor alineamiento interno, pero solo una dilución modesta para los accionistas existentes. Dado que no hubo compras ni ventas en el mercado abierto, se espera que el impacto inmediato en la negociación sea mínimo.

Beneficient (BENF)의 Form 4 보고서에 따르면, 조직 및 배포 글로벌 책임자 Jeff Welday가 2025년 7월 21일 2023년 주식 인센티브 계획에 따라 즉시 취득 가능한 제한 주식 단위(RSU) 보조금으로 30,687 클래스 A 주식을 취득했습니다. 주식은 무상으로 발행되었으며 “A”(취득) 코드가 부여되어, 이는 시장에서 구매한 것이 아니라 수여된 것임을 나타냅니다.

거래 완료 후 Welday의 직접 소유 주식 수는 172,394주로 증가했습니다. 이 총액에는 이전에 부여된 주식이 포함되어 있습니다: 2025년 1월 14일 부여된 61,592 RSU, 2023년 7월 15일 부여된 28,320 RSU, 2018년부터 2022년까지 여러 REU 보조금, 그리고 2025년 1월 16일 부여된 1,670 RSU가 포함됩니다. 파생 증권이나 매도는 보고되지 않았습니다.

이 보고서는 일상적인 경영진 보상을 반영하며 내부자 정렬의 증가를 시사하지만 기존 주주에 대한 희석은 미미합니다. 공개 시장에서의 매매가 없었기 때문에 즉각적인 거래 영향은 최소일 것으로 예상됩니다.

Le formulaire Form 4 de Beneficient (BENF) indique que le Global Head of Organizations & Distribution, Jeff Welday, a acquis 30 687 actions de Classe A le 21 juillet 2025 via une attribution d’unités d’actions restreintes (RSU) à acquisition immédiate, dans le cadre du Plan d’Incitation en Capital 2023. Les actions ont été émises à coût nul et codées « A » (acquisition), ce qui signifie qu’elles ont été attribuées et non achetées sur le marché ouvert.

Après le règlement, la possession directe bénéficiaire de Welday s’élève à 172 394 actions. Ce total comprend des attributions d’actions antérieures : 61 592 RSU accordées le 14 janvier 2025, 28 320 RSU accordées le 15 juillet 2023, plusieurs attributions REU de 2018 à 2022, ainsi qu’une attribution de 1 670 RSU datée du 16 janvier 2025. Aucune valeur dérivée ou vente n’a été signalée.

Le dépôt reflète une rémunération exécutive courante et indique un alignement accru des initiés, mais seulement une dilution modérée pour les actionnaires existants. Étant donné qu’aucun achat ou vente sur le marché ouvert n’a eu lieu, l’impact immédiat sur le trading devrait être minime.

Das Form 4 von Beneficient (BENF) zeigt, dass der Global Head of Organizations & Distribution, Jeff Welday, am 21. Juli 2025 30.687 Class A Aktien durch eine sofort fällige Restricted Stock Unit (RSU) Zuteilung im Rahmen des Equity Incentive Plans 2023 erworben hat. Die Aktien wurden zu Nullkosten ausgegeben und mit „A“ (Erwerb) gekennzeichnet, was darauf hinweist, dass sie zugeteilt und nicht auf dem freien Markt gekauft wurden.

Nach der Abwicklung steigt Weldays direkter wirtschaftlicher Besitz auf 172.394 Aktien. Diese Summe umfasst frühere Aktienzuteilungen: 61.592 RSUs vom 14. Januar 2025, 28.320 RSUs vom 15. Juli 2023, mehrere REU-Zuteilungen aus den Jahren 2018-2022 sowie eine RSU-Zuteilung über 1.670 Aktien vom 16. Januar 2025. Es wurden keine Derivate oder Verkäufe gemeldet.

Die Meldung spiegelt eine routinemäßige Vergütung der Führungsebene wider und signalisiert eine verstärkte Insider-Ausrichtung, jedoch nur eine geringe Verwässerung für bestehende Aktionäre. Da kein Kauf oder Verkauf am offenen Markt stattfand, wird der unmittelbare Handelseinfluss voraussichtlich minimal sein.

Positive
  • None.
Negative
  • None.

Insights

TL;DR – Routine RSU vesting lifts insider stake to 172 k shares; negligible dilution; neutral market impact.

The Form 4 discloses a standard equity incentive grant rather than a cash purchase or sale. Awarding 30,687 shares—about 18% of Welday’s post-transaction holdings—strengthens management–shareholder alignment, a mild positive from a governance standpoint. However, because the shares were issued at no cost and fully vested on grant date, they incrementally expand the float and could be sold at any time. Without information on total shares outstanding, the dilution appears immaterial. No new options, warrants, or complex derivatives were recorded, and there is no indication of unusual compensation structures. Overall, the event is not materially impactful for valuation or near-term trading dynamics.

Il modulo Form 4 di Beneficient (BENF) mostra che il Global Head of Organizations & Distribution, Jeff Welday, ha acquisito 30.687 azioni di Classe A il 21 luglio 2025 tramite una concessione di unità azionarie vincolate (RSU) con maturazione immediata, nell'ambito del Piano di Incentivi Azionari 2023. Le azioni sono state emesse a costo zero e contrassegnate con la lettera “A” (acquisizione), indicando che sono state assegnate e non acquistate sul mercato aperto.

Dopo la liquidazione, la posizione azionaria diretta di Welday sale a 172.394 azioni. Questo totale include precedenti assegnazioni di azioni: 61.592 RSU concesse il 14 gennaio 2025, 28.320 RSU concesse il 15 luglio 2023, diverse assegnazioni REU dal 2018 al 2022, e una concessione di 1.670 RSU datata 16 gennaio 2025. Non sono stati riportati titoli derivati o vendite.

La dichiarazione riflette una normale compensazione esecutiva e segnala un incremento nell’allineamento degli insider, con una diluizione modesta per gli azionisti esistenti. Poiché non si sono verificati acquisti o vendite sul mercato aperto, l’impatto immediato sul trading dovrebbe essere minimo.

El Formulario 4 de Beneficient (BENF) muestra que el Global Head of Organizations & Distribution, Jeff Welday, adquirió 30,687 acciones Clase A el 21 de julio de 2025 mediante una concesión de unidades restringidas de acciones (RSU) con adquisición inmediata, otorgada bajo el Plan de Incentivos de Capital 2023. Las acciones se emitieron a costo cero y se codificaron con la letra “A” (adquisición), lo que indica que fueron otorgadas y no compradas en el mercado abierto.

Tras la liquidación, la posesión directa beneficiosa de Welday aumenta a 172,394 acciones. Este total incluye premios de capital previos: 61,592 RSU otorgadas el 14 de enero de 2025, 28,320 RSU otorgadas el 15 de julio de 2023, múltiples premios REU de 2018 a 2022, y una concesión de 1,670 RSU fechada el 16 de enero de 2025. No se reportaron valores derivados ni ventas.

La presentación refleja una compensación ejecutiva rutinaria y señala un mayor alineamiento interno, pero solo una dilución modesta para los accionistas existentes. Dado que no hubo compras ni ventas en el mercado abierto, se espera que el impacto inmediato en la negociación sea mínimo.

Beneficient (BENF)의 Form 4 보고서에 따르면, 조직 및 배포 글로벌 책임자 Jeff Welday가 2025년 7월 21일 2023년 주식 인센티브 계획에 따라 즉시 취득 가능한 제한 주식 단위(RSU) 보조금으로 30,687 클래스 A 주식을 취득했습니다. 주식은 무상으로 발행되었으며 “A”(취득) 코드가 부여되어, 이는 시장에서 구매한 것이 아니라 수여된 것임을 나타냅니다.

거래 완료 후 Welday의 직접 소유 주식 수는 172,394주로 증가했습니다. 이 총액에는 이전에 부여된 주식이 포함되어 있습니다: 2025년 1월 14일 부여된 61,592 RSU, 2023년 7월 15일 부여된 28,320 RSU, 2018년부터 2022년까지 여러 REU 보조금, 그리고 2025년 1월 16일 부여된 1,670 RSU가 포함됩니다. 파생 증권이나 매도는 보고되지 않았습니다.

이 보고서는 일상적인 경영진 보상을 반영하며 내부자 정렬의 증가를 시사하지만 기존 주주에 대한 희석은 미미합니다. 공개 시장에서의 매매가 없었기 때문에 즉각적인 거래 영향은 최소일 것으로 예상됩니다.

Le formulaire Form 4 de Beneficient (BENF) indique que le Global Head of Organizations & Distribution, Jeff Welday, a acquis 30 687 actions de Classe A le 21 juillet 2025 via une attribution d’unités d’actions restreintes (RSU) à acquisition immédiate, dans le cadre du Plan d’Incitation en Capital 2023. Les actions ont été émises à coût nul et codées « A » (acquisition), ce qui signifie qu’elles ont été attribuées et non achetées sur le marché ouvert.

Après le règlement, la possession directe bénéficiaire de Welday s’élève à 172 394 actions. Ce total comprend des attributions d’actions antérieures : 61 592 RSU accordées le 14 janvier 2025, 28 320 RSU accordées le 15 juillet 2023, plusieurs attributions REU de 2018 à 2022, ainsi qu’une attribution de 1 670 RSU datée du 16 janvier 2025. Aucune valeur dérivée ou vente n’a été signalée.

Le dépôt reflète une rémunération exécutive courante et indique un alignement accru des initiés, mais seulement une dilution modérée pour les actionnaires existants. Étant donné qu’aucun achat ou vente sur le marché ouvert n’a eu lieu, l’impact immédiat sur le trading devrait être minime.

Das Form 4 von Beneficient (BENF) zeigt, dass der Global Head of Organizations & Distribution, Jeff Welday, am 21. Juli 2025 30.687 Class A Aktien durch eine sofort fällige Restricted Stock Unit (RSU) Zuteilung im Rahmen des Equity Incentive Plans 2023 erworben hat. Die Aktien wurden zu Nullkosten ausgegeben und mit „A“ (Erwerb) gekennzeichnet, was darauf hinweist, dass sie zugeteilt und nicht auf dem freien Markt gekauft wurden.

Nach der Abwicklung steigt Weldays direkter wirtschaftlicher Besitz auf 172.394 Aktien. Diese Summe umfasst frühere Aktienzuteilungen: 61.592 RSUs vom 14. Januar 2025, 28.320 RSUs vom 15. Juli 2023, mehrere REU-Zuteilungen aus den Jahren 2018-2022 sowie eine RSU-Zuteilung über 1.670 Aktien vom 16. Januar 2025. Es wurden keine Derivate oder Verkäufe gemeldet.

Die Meldung spiegelt eine routinemäßige Vergütung der Führungsebene wider und signalisiert eine verstärkte Insider-Ausrichtung, jedoch nur eine geringe Verwässerung für bestehende Aktionäre. Da kein Kauf oder Verkauf am offenen Markt stattfand, wird der unmittelbare Handelseinfluss voraussichtlich minimal sein.

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).
1. Name and Address of Reporting Person*
Welday Jeff

(Last) (First) (Middle)
325 N. SAINT PAUL STREET
SUITE 4850

(Street)
DALLAS TX 75201

(City) (State) (Zip)
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)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 07/21/2025 A 30,687(1) A $0 172,394(2)(3)(4)(5)(6)(7) 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 30,687 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 30,687 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan (the "2023 Equity Incentive Plan") to Jeff Welday (the "Reporting Person") on July 21, 2025. Such award of RSUs to the Reporting Person fully vested on the date of grant.
2. Includes 61,592 shares of Class A common stock issuable upon the settlement of an award of 61,592 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on January 14, 2025. Such award of RSUs to the Reporting Person fully vested on the date of grant.
3. Includes 354 shares of Class A common stock issuable upon the settlement of an award of 28,320 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 September 1, 2023, and the remaining 80% in four equal annual installments on September 1st of each subsequent calendar year.
4. Includes 2,196 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 140,490 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 January 1, 2020. Such award of REUs to the Reporting Person vested 20% on the date of grant, and the remaining 80% in four equal annual installments on June 3rd of each subsequent calendar year.
5. Includes 113 shares of Class A common stock issuable upon settlement of an award of 7,200 REUs to the Reporting Person granted pursuant to the 2018 Equity Incentive Plan on April 1, 2022. Such award of REUs to the Reporting Person shall vest 40% on June 8, 2023, and the remaining 60% in three equal annual installments on April 1st of each subsequent calendar year.
6. Includes 257 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 20,560 RSUs granted pursuant to 2023 Equity Incentive Plan to the Reporting Person on July 15, 2023. Such award of RSUs to the Reporting Person fully vested on September 1, 2023.
7. Includes 1,670 shares of Class A common stock issuable upon the settlement of an award of 1,670 RSUs granted pursuant to the 2023 Equity Incentive Plan to the Reporting Person on January 16, 2025. Such award of RSUs to the Reporting Person fully vested on the date of grant.
Remarks:
Global Head of Organizations and Distribution
/s/ David B. Rost Attorney-in-fact for Jeff Welday 07/23/2025
** 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.

FAQ

What did Beneficient (BENF) disclose in the 21 Jul 2025 Form 4?

An RSU award granted to officer Jeff Welday resulted in 30,687 new Class A shares being issued.

How many BENF shares does Jeff Welday now own?

After the transaction, he beneficially owns 172,394 Class A shares.

Was there any cash paid for the shares acquired?

No. The shares were issued as part of a $0-cost RSU grant under the 2023 Equity Incentive Plan.

Does the filing report any share sales or option exercises?

No. The Form 4 lists only an acquisition; no sales or derivative exercises were reported.

Is the Form 4 likely to impact BENF’s stock price?

The event is routine executive compensation and is generally viewed as neutral for near-term price action.
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