SEC Form 4 · accession 0001493152-26-043790
Beneficient · BENF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen Wendel
Director
Period of report
Sep 18, 2026
Accepted (ET)
Sep 22, 2026 · 9:55 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001775734
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Sep 18, 2026 | A | 32,960 | $0.00 | A | 58,874 | D | |
| Class A Common StockF3,F2 | Sep 18, 2026 | A | 44,016 | $0.00 | A | 102,890 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 32,960 shares of Class A common stock, par value $0.001 ("Class A common stock"), of Beneficient (the "Issuer") issuable upon the settlement of an award of 32,960 restricted stock units ("RSUs") granted pursuant to the Beneficient 2023 Equity Incentive Plan ("2023 Equity Incentive Plan") to Karen Wendel (the "Reporting Person") on September 18, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.
- F2Includes 25,914 shares of Class A common stock issuable upon the settlement of an award of 25,914 RSUs granted pursuant to 2023 Equity Incentive Plan to the Reporting Person on November 21, 2024. Such award of RSUs to the Reporting Person vested in four equal installments on the last day of each calendar quarter over a one-year period from the date of grant.
- F3Includes 44,016 shares of Class A common stock issuable upon settlement of an award of 44,016 RSUs granted to the Reporting Person on September 18, 2026 pursuant to the 2023 Equity Incentive Plan. The RSUs were granted in satisfaction of the Reporting Person's prior service compensation for the period from November 22, 2025 through March 31, 2026. Such award of RSUs to the Reporting Person fully vested on the date of grant.