Thomas Morgan JR - Jan 2, 2025 Form 4 Insider Report for Brand Engagement Network Inc. (BNAI)

Role
Director
Signature
/s/ Thomas Morgan Jr.
Stock symbol
BNAI
Transactions as of
Jan 2, 2025
Transactions value $
$0
Form type
4
Date filed
1/6/2025, 07:14 PM
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 +40.2K $0.00 40.2K Jan 2, 2025 Direct F1
holding BNAI Common Stock 138K Jan 2, 2025 See Footnotes F2
holding BNAI Common Stock 104K Jan 2, 2025 See Footnotes F3

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 Warrants 118K Jan 2, 2025 Common Stock 118K $11.50 See Footnotes F2, F4
holding BNAI Warrants 88.3K Jan 2, 2025 Common Stock 88.3K $11.50 See Footnotes F3, F4
* 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 28,071 shares of restricted stock granted to the Reporting Person pursuant to the Brand Engagement Network Inc. Non-Employee Director Compensation Policy.
F2 Represents shares of common stock, par value $0.0001, of Brand Engagement Network Inc. (the "Common Stock"), and warrants (the "Warrants") beneficially owned by Pacific Premier Trust, Custodian FBO Thomas Morgan Beneficiary IRA (the "Trust"). The Reporting Person is the beneficiary of the Trust and may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise to beneficially own such shares of Common Stock and Warrants. The Reporting Person disclaims beneficial ownership of the securities, except to the extent of the pecuniary interest of such Reporting Person in such securities.
F3 Represents shares of Common Stock, and Warrants beneficially owned by Morgan Land LLC. The Reporting Person is a controlling person of Morgan Land LLC and may be deemed for purposes of Section 16 the Exchange Act, or otherwise to beneficially own such shares of Common Stock and Warrants. The Reporting Person disclaims beneficial ownership of the securities, except to the extent of the pecuniary interest of such Reporting Person in such securities.
F4 Each Warrant is exercisable at an exercise price of $11.50 per Warrant into one share of Common Stock.