<SEC-DOCUMENT>0000950170-24-072164.txt : 20240611
<SEC-HEADER>0000950170-24-072164.hdr.sgml : 20240611
<ACCEPTANCE-DATETIME>20240611194023
ACCESSION NUMBER:		0000950170-24-072164
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240607
FILED AS OF DATE:		20240611
DATE AS OF CHANGE:		20240611

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Rutledge Maria S.
		CENTRAL INDEX KEY:			0001979628
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41715
		FILM NUMBER:		241037212

	MAIL ADDRESS:	
		STREET 1:		325 N. ST. PAUL STREET
		STREET 2:		SUITE 4850
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Beneficient
		CENTRAL INDEX KEY:			0001775734
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				721573705
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		325 N. SAINT PAUL STREET
		STREET 2:		SUITE 4850
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		2144454705

	MAIL ADDRESS:	
		STREET 1:		325 N. SAINT PAUL STREET
		STREET 2:		SUITE 4850
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Beneficient Co Group, L.P.
		DATE OF NAME CHANGE:	20190503
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-06-07</periodOfReport>

    <issuer>
        <issuerCik>0001775734</issuerCik>
        <issuerName>Beneficient</issuerName>
        <issuerTradingSymbol>BENF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001979628</rptOwnerCik>
            <rptOwnerName>Rutledge Maria S.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>325 N. SAINT PAUL STREET, SUITE 4850</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75201</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>Chief Technology Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2024-06-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>424</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>5.38</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1640</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The shares shown have been retroactively adjusted to reflect Beneficient's (the &quot;Issuer&quot;) reverse stock split of its outstanding shares of Class A common stock, par value $0.001 per share (&quot;Class A common stock&quot;), and Class B common stock, par value $0.001 per share, on a 1-for-80 basis effected on April 18, 2024.</footnote>
        <footnote id="F2">Represents shares of Class A common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of restricted stock units (&quot;RSUs&quot;) granted to Maria S. Rutledge (the &quot;Reporting Person&quot;). No shares were issued or sold in this transaction.</footnote>
        <footnote id="F3">Includes 482 shares of Class A common stock issuable upon the settlement of an award of 482 RSUs granted pursuant to Beneficient 2023 Equity Incentive Plan (&quot;2023 Equity Incentive Plan&quot;) to the Reporting Person on July 15, 2023. Such award of RSUs to the Reporting Person vested 20% on September 1, 2023, and the remaining 80% in four equal annual installments on September 1st of each subsequent calendar year.</footnote>
        <footnote id="F4">Includes 1,094 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 875 restricted equity units (&quot;REUs&quot;) granted pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan (&quot;2018 Equity Incentive Plan&quot;) to the Reporting Person on January 1, 2020. Such award of REUs to the Reporting Person vested 40% on the date of grant, and the remaining 60% in three equal annual installments on August 14th of each subsequent calendar year.</footnote>
        <footnote id="F5">Includes 102 shares of Class A common stock issuable upon settlement of an award of 81 REUs to the Reporting Person granted pursuant to the 2018 Equity Incentive Plan on April 1, 2022. Such award of REUs to the Reporting Person shall vest 40% on June 8, 2023, and the remaining 60% in three equal annual installments on April 1st of each subsequent calendar year.</footnote>
        <footnote id="F6">Includes 386 shares of Class A common stock of the Issuer issuable upon the settlement of an award of 386 RSUs granted pursuant to 2023 Equity Incentive Plan to the Reporting Person on July 15, 2023. Such award of RSUs to the Reporting Person fully vested on September 1, 2023.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ David B. Rost Attorney-in-fact for Maria S. Rutledge</signatureName>
        <signatureDate>2024-06-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
