Form 4: GWG Wind Down Trust Sells Beneficient Shares
SEC Form 4 Filing
GWG Wind Down Trust disposed of 188,292 shares of Beneficient Class A Common Stock at an average price of $1.79 per share.
Summary
- On October 4, 2024, GWG Wind Down Trust sold 188,292 shares of Beneficient Class A Common Stock.
- The shares were sold at a weighted average price of $1.79.
- Following the transaction, the Trust beneficially owns 348,183 shares of Beneficient.
- The sales were executed at prices ranging from $1.50 to $2.02.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of a share sale by a significant shareholder. The impact on the company is unclear without further context.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders trade shares of a publicly traded company. This filing indicates a change in ownership by a major shareholder.
Stakeholder Impact
- The sale of shares by a major shareholder could potentially influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of transaction: GWG Wind Down Trust sold shares of Beneficient. |
| 10/07/2024 | Date of signature on the Form 4 filing. |
Keywords
Beneficient, GWG Wind Down Trust, Form 4, Share Sale, BENF, Securities Transaction
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