GWG Wind Down Trust Amends Beneficient Stake Filing
Ticker: BENFW · Form: SC 13D/A · Filed: Apr 11, 2024 · CIK: 1775734
Sentiment: neutral
Topics: ownership-filing, amendment, beneficial-ownership
TL;DR
GWG Wind Down Trust filed an update on its Beneficient holdings, no major changes reported but still a big player.
AI Summary
On April 11, 2024, the GWG Wind Down Trust, represented by Elizabeth C. Freeman, filed an amendment to its Schedule 13D regarding Beneficient. This filing indicates a change in the reporting of beneficial ownership, with the Trust continuing to hold a significant stake in the company.
Why It Matters
This amendment signals ongoing significant ownership and potential strategic interest from the GWG Wind Down Trust in Beneficient, which could influence the company's future direction.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in control or strategy, requiring careful monitoring by investors.
Key Players & Entities
- GWG Wind Down Trust (company) — Reporting person
- Elizabeth C. Freeman (person) — Trustee and authorized representative
- Beneficient (company) — Subject company
FAQ
What is the purpose of this SC 13D/A filing?
This filing is an amendment to a previously filed Schedule 13D, indicating a change in the reporting of beneficial ownership of Beneficient by the GWG Wind Down Trust.
Who is filing this amendment?
The amendment is filed by the GWG Wind Down Trust, with Elizabeth C. Freeman acting as the Sole Trustee.
What is the CUSIP number for Beneficient's Class A Common Stock?
The CUSIP number for Beneficient's Class A Common Stock is 08178Q101.
When was the company formerly known as Beneficient Co Group, L.P.?
The company's name changed from Beneficient Co Group, L.P. on May 3, 2019.
What is the business address of Beneficient?
Beneficient's business address is 325 N. Saint Paul Street, Suite 4850, Dallas, TX 75201.
Filing Stats: 1,203 words · 5 min read · ~4 pages · Grade level 10.3 · Accepted 2024-04-11 16:05:04
Key Financial Figures
- $0.001 — (Name of Issuer) Class A Common Stock, $0.001 par value (Title of Class of Securiti
Filing Documents
- ea0203695-13da5gwg_benefi.htm (SC 13D/A) — 47KB
- 0001213900-24-032199.txt ( ) — 49KB
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. 5 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. 5 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 April 9, 2024, GWG Wind Down Trust was the record holder or beneficial 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) Since the most recent filing of Schedule 13D, GWG Wind Down Trust sold a total of 3,475,370 shares of Common Stock in open market transactions as set forth in Appendix A. Except as set forth in this Amendment No. 5, the Reporting Persons have not effected any transactions with respect to the Common Stock of the Issuer since the most recent filing of Schedule 13D. (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: April 11, 2024 GWG Wind Down Trust /s/ Elizabeth C.