Form 4: Brand Engagement Network Inc. Director Transfers Shares as Additional Consideration

Christopher Gaertner, a director and 10% owner of Brand Engagement Network Inc. (BNAI), reported a transaction involving the transfer of 20,000 common stock shares as additional consideration from DHC Sponsor, LLC to Jon Leibowitz.

Summary

• On March 27, 2024, Christopher Gaertner, a director and 10% owner of Brand Engagement Network Inc. (BNAI), reported a transaction.
• The transaction involved the transfer of 20,000 common stock shares from DHC Sponsor, LLC to Jon Leibowitz.
• These shares were transferred as additional consideration for a previous investment made by Mr. Leibowitz in Brand Engagement Network Inc.
• Following the reported transaction, Mr. Gaertner beneficially owns 7,319,835 shares indirectly through DHC Sponsor, LLC.
• Mr. Gaertner controls DHC Sponsor, LLC and has voting and investment discretion over the securities held by the Sponsor.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a share transfer, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership as required by the SEC for company insiders.

Related Party Transactions

• The transfer of shares from DHC Sponsor, LLC, controlled by Christopher Gaertner, to Jon Leibowitz could be considered a related party transaction due to Mr. Leibowitz's prior investment in Brand Engagement Network Inc.

Stakeholder Impact

• The share transfer has a minimal direct impact on stakeholders, as it represents a transfer of ownership rather than a dilution of shares or a change in the company's financial position.

Key Dates