Form 4: Beneficient Officer Jeff Welday Sells Class A Common Stock to Cover Tax Obligations
SEC Form 4
Jeff Welday, a Global Head of Organizations and Distribution at Beneficient, sold Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Jeff Welday, an officer at Beneficient, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 6, 2025, he sold 136 shares of Class A Common Stock at $0.59 per share.
- On February 7, 2025, he sold 340 shares of Class A Common Stock at $0.58 per share.
- On February 10, 2025, he sold 306 shares of Class A Common Stock at $0.59 per share.
- These sales were made to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs).
- Following these transactions, Welday beneficially owns 149,211 shares of Class A Common Stock, including shares issuable upon the settlement of various RSU and REU awards granted under the company's equity incentive plans.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating routine transactions by an officer to cover tax obligations. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/01/2020 | Grant date of 140,490 restricted equity units (REUs) pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan |
| 04/01/2022 | Grant date of 7,200 REUs pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan |
| 07/15/2023 | Grant date of 28,320 RSUs pursuant to 2023 Equity Incentive Plan |
| 07/15/2023 | Grant date of 20,560 RSUs pursuant to 2023 Equity Incentive Plan |
| 08/22/2024 | Grant date of 98,919 RSUs pursuant to the 2023 Equity Incentive Plan |
| 08/22/2024 | Grant date of 998 RSUs pursuant to 2023 Equity Incentive Plan |
| 10/17/2024 | Grant date of 58,249 RSUs pursuant to the 2023 Equity Incentive Plan |
| 01/14/2025 | Grant date of 61,592 RSUs pursuant to the Beneficient 2023 Equity Incentive Plan |
| 01/16/2025 | Grant date of 1,670 RSUs pursuant to the 2023 Equity Incentive Plan |
| 02/06/2025 | Sale of 136 shares of Class A Common Stock at $0.59 per share. |
| 02/07/2025 | Sale of 340 shares of Class A Common Stock at $0.58 per share. |
| 02/10/2025 | Sale of 306 shares of Class A Common Stock at $0.59 per share. |
Keywords
Form 4, Beneficient, Welday Jeff, Class A Common Stock, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, Officer, Sales
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