Form 4: Brand Engagement Network Inc. Executive Chang Paul Wonki Reports Acquisition of 370,037 Shares
SEC Form 4 Filing
Global President of Brand Engagement Network Inc., Paul Wonki Chang, reports acquiring 370,037 shares of common stock on March 14, 2024.
Summary
- On March 14, 2024, Paul Wonki Chang, Global President of Brand Engagement Network Inc. (BNAI), reported acquiring 370,037 shares of common stock.
- The acquisition was made at a price of $0 per share.
- Following the transaction, Chang directly owns 370,037 shares of the company's common stock.
- The shares were acquired as a result of a business combination with DHC Acquisition Corp., where existing shares of the predecessor company were converted into shares of the current company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of shares by a key executive could signal confidence in the company's future prospects to shareholders.
Key Dates
| Date | Description |
|---|---|
| September 30, 2021 | Brand Engagement Network Inc. (predecessor company) awarded Paul Wonki Chang 250,000 stock options. |
| June 30, 2022 | Paul Wonki Chang exercised 250,000 stock options at an exercise price of $0.10 per share. |
| October 17, 2023 | Form S-4 filed by DHC Acquisition Corp. with the SEC regarding the business combination. |
| February 12, 2024 | Amendment to Form S-4 filed by DHC Acquisition Corp. |
| March 14, 2024 | Paul Wonki Chang reports acquisition of 370,037 shares of Brand Engagement Network Inc. |
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