DENNIS P. LOCKHART - 07 Jun 2023 Form 3 Insider Report for Beneficient (BENF)

Role: Director
Signature: /s/ David B. Rost Attorney-in-fact for Dennis P. Lockhart
Issuer symbol: BENF
Transactions as of: 07 Jun 2023
Net transactions value: $0
Form type: 3
Filing time: 07 Jun 2023, 21:11:28 UTC
Previous filing: 17 May 2023
Next filing: 17 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BENF	Class A Common Stock						77,500	07 Jun 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 62,500 shares of Class A common stock, par value $0.001 ("Class A common stock"), of Beneficient issuable upon the settlement of an award of 50,000 restricted equity units (the "REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan (the "2018 Equity Incentive Plan") to Dennis P. Lockhart (the "Reporting Person") on May 1, 2020. The REUs vested 25% on the date of grant, and the remaining 75% in three equal annual installments on May 10th of each subsequent calendar year.
F2	Includes 15,000 shares of Class A common stock issuable upon settlement of an award of 12,000 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.

Content

Includes 62,500 shares of Class A common stock, par value $0.001 ("Class A common stock"), of Beneficient issuable upon the settlement of an award of 50,000 restricted equity units (the "REUs") granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan (the "2018 Equity Incentive Plan") to Dennis P. Lockhart (the "Reporting Person") on May 1, 2020. The REUs vested 25% on the date of grant, and the remaining 75% in three equal annual installments on May 10th of each subsequent calendar year.

Includes 15,000 shares of Class A common stock issuable upon settlement of an award of 12,000 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.

Remarks:

Exhibit 24: Power of Attorney