Richard Isaacs - Jan 2, 2025 Form 4 Insider Report for Brand Engagement Network Inc. (BNAI)

Role: Director
Signature: /s/ Richard Isaacs
Stock symbol: BNAI
Transactions as of: Jan 2, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/6/2025, 07:14 PM
Previous filing: Sep 5, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNAI	Common Stock	Award	$0	+26.4K		$0.00	26.4K	Jan 2, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BNAI	Stock Option (Right to Buy)						118K	Jan 2, 2025	Common Stock	118K	$8.11	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents 12,153 restricted stock units and 14,270 shares of restricted stock granted to the Reporting Person pursuant to the Brand Engagement Network Inc. Non-Employee Director Compensation Policy.
F2	The stock options were granted to the Reporting Person pursuant to a stock option agreement (the "Option Agreement"), dated September 26, 2023, by and between the Reporting Person and Brand Engagement Network Inc., a Wyoming corporation ("Prior BEN"). In connection with its business combination, on March 14, 2024, Brand Engagement Network Inc., a Delaware corporation (the "Company"), as the entity surviving the business combination, assumed the existing options of Prior BEN. Shares reported herein are shares of the Company on an as-converted basis. Two-thirds (2/3rds) of the shares vested on the date of grant, and the remaining balance vested on the first anniversary of the date of grant, subject to the terms and conditions of the Option Agreement.

Content

Represents 12,153 restricted stock units and 14,270 shares of restricted stock granted to the Reporting Person pursuant to the Brand Engagement Network Inc. Non-Employee Director Compensation Policy.

The stock options were granted to the Reporting Person pursuant to a stock option agreement (the "Option Agreement"), dated September 26, 2023, by and between the Reporting Person and Brand Engagement Network Inc., a Wyoming corporation ("Prior BEN"). In connection with its business combination, on March 14, 2024, Brand Engagement Network Inc., a Delaware corporation (the "Company"), as the entity surviving the business combination, assumed the existing options of Prior BEN. Shares reported herein are shares of the Company on an as-converted basis. Two-thirds (2/3rds) of the shares vested on the date of grant, and the remaining balance vested on the first anniversary of the date of grant, subject to the terms and conditions of the Option Agreement.