Form 4 for BENF Beneficient
Accepted 2024-11-20 00:00:00 ET · period of report 2024-11-19 · accession 0001493152-24-046917 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2024-11-20 | 2024-11-19 | BENF | CANGANY PETER T JR | Dir | P - Purchase | $0.9267 | +75.0K | 300.0K | +33% | +$69.5K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-11-19 | P | A | 50,000 | $0.92 | 100,000 | I By The Cangany Group, LLC | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares of Class A common stock were purchased in multiple transactions at prices ranging from $0.89 to $0.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4. (F4) These shares of Class A common stock of the Issuer are directly held by The Cangany Group, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own securities of the Issuer held by such limited liability company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. |
| 2 | Common | Class A Common Stock | 2024-11-19 | P | A | 25,000 | $0.94 | 300,000 | I By Cangany Capital Management, LLC | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares of Class A common stock, par value $0.001 ("Class A common stock"), were purchased in multiple transactions at prices ranging from $0.89 to $0.94, inclusive. Peter T. Cangany, Jr. (the "Reporting Person") undertakes to provide to Beneficient (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4. (F2) These shares of Class A common stock are directly held by Cangany Capital Management, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own securities of the Issuer held by such limited liability company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. |