Form 4: Brand Engagement Network Inc. Officer Acquires 135,050 Shares of Common Stock

James Richard Howard, Chief Information and Data Officer of Brand Engagement Network Inc., acquired 135,050 shares of common stock on March 14, 2024.

Summary

• On March 14, 2024, James Richard Howard, the Chief Information and Data Officer of Brand Engagement Network Inc. (BNAI), acquired 135,050 shares of common stock.
• The acquisition was a direct transaction.
• The price per share was $0.
• Following the transaction, Howard directly owns 135,050 shares of the company's common stock.
• The shares are a result of a conversion of warrants from the predecessor company, Brand Engagement Network Inc., a Wyoming corporation, which were originally issued on June 30, 2021.
• These warrants were converted on January 6, 2022, at a price of $0.10 per share.
• The conversion is related to the 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. It simply reports a transaction.

Positives

• An officer increasing their stake in the company could be seen as a positive signal.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the trading activities of company officers and their holdings in the company. It is common for officers to receive shares or options as part of their compensation, and their subsequent transactions are closely monitored by investors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a company officer.

Key Dates