GWG Wind Down Trust Amends Beneficient Stake

TL;DR

GWG Wind Down Trust just updated its stake in Beneficient - big move incoming?

AI Summary

On March 4, 2024, the GWG Wind Down Trust, represented by Elizabeth C. Freeman, filed an amendment to its Schedule 13D regarding Beneficient. The filing indicates a change in beneficial ownership, with the Trust now holding a significant stake in the company's Class A Common Stock.

Why It Matters

This filing signals a potential shift in control or influence over Beneficient by the GWG Wind Down Trust, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or significant shifts in a company's shareholder base, potentially leading to volatility.

Key Players & Entities

• GWG Wind Down Trust (company) — Filing entity
• Elizabeth C. Freeman (person) — Trustee and authorized contact
• Beneficient (company) — Subject company
• Class A Common Stock (security) — Securities subject to filing

FAQ

Key Financial Figures

• $0.001 — (Name of Issuer) Class A Common Stock, $0.001 par value (Title of Class of Securiti

Filing Documents

• ea0201138-13da3gwg_benefi.htm (SC 13D/A) — 61KB
• 0001213900-24-019598.txt ( ) — 63KB

Interest in Securities of the Issuer

Item 5 Interest in Securities of the Issuer

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows: (a) and (b) The responses of each of the Reporting Persons with respect to Rows 11, 12, and 13 of the cover pages of this Amendment No. 3 that relate to the aggregate number and percentage of Common Stock of the Issuer are incorporated herein by reference. The responses of each of the Reporting Persons with respect to Rows 7, 8, 9, and 10 of the cover pages of this Amendment No. 3 that relate to the number of shares of Common Stock as to which each of the persons or entities referenced in Item 2 above has sole or shared power to vote or to direct the vote of and sole or shared power to dispose of or to direct the disposition of (including but not limited to footnotes to such information) are incorporated herein by reference. As of March 1, 2024, GWG Wind Down Trust was the record holder or beneficial owner of 166,954,417 shares of Common Stock in the aggregate, as is the sole trustee of GWG Wind Down Trust, and as such, Ms. Freeman may be deemed to have beneficial ownership of the securities directly held by GWG Wind Down Trust. Ms. Freeman has no pecuniary interest in such shares and disclaims beneficial ownership of such shares. (c) In the past 60 days, GWG Wind Down Trust sold a total of 2,223,210 shares of Common Stock in open market transactions as set forth in Appendix A. Except as set forth in this Amendment No. 3, the Reporting Persons have not effected any transactions with respect to the Common Stock of the Issuer during the past 60 days. (d) The beneficiaries of the GWG Wind Down Trust ultimately have the right to receive dividends from, or the proceeds from the sale of such securities. (e) Not applicable. 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: March 4, 2024 GWG Wind Down Trust /s/ Elizabeth C. Freeman Elizabeth C. Freeman Trustee Eliz

View Full Filing

View this SC 13D/A filing on SEC EDGAR