Form 4: Beneficient Officer Jeff Welday Sells Shares to Cover Tax Obligations
SEC Form 4
Jeff Welday, a Global Head of Organizations and Distribution at Beneficient, sold shares of Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On August 27, 2024, Jeff Welday sold 4,307 shares of Class A Common Stock at a price of $1.97 per share.
- On August 28, 2024, Jeff Welday sold 9,818 shares of Class A Common Stock at a price of $1.73 per share.
- These sales were to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs).
- Following these transactions, Welday still beneficially owns 87,822 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports routine stock sales for tax purposes. There is no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/27/2024 | Jeff Welday sold 4,307 shares of Class A Common Stock at $1.97 per share. |
| 08/28/2024 | Jeff Welday sold 9,818 shares of Class A Common Stock at $1.73 per share. |
| 08/29/2024 | Date of signature for the SEC Form 4 filing. |
Keywords
Beneficient, Jeff Welday, Class A Common Stock, SEC Form 4, Share Sale, Restricted Stock Units, Tax Withholding
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