GWG Wind Down Trust Amends Beneficient Stake Filing

TL;DR

GWG Trust updated its Beneficient filing, watch for ownership shifts.

AI Summary

Elizabeth C. Freeman, as Trustee of the GWG Wind Down Trust, filed an amendment to Schedule 13D on September 10, 2024, regarding Beneficient. The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. This amendment updates the trust's previous filings concerning its stake in Beneficient.

Why It Matters

This filing updates information for investors regarding significant ownership changes in Beneficient, potentially impacting the stock's trading dynamics.

Risk Assessment

Risk Level: medium — Schedule 13D filings often signal significant shifts in major shareholder positions, which can lead to increased volatility.

Key Players & Entities

• Elizabeth C. Freeman (person) — Trustee of GWG Wind Down Trust
• GWG Wind Down Trust (company) — Filing entity
• Beneficient (company) — Subject company

FAQ

Key Financial Figures

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

Filing Documents

• ea0214092-13da11gwg_benefi.htm (SC 13D/A) — 59KB
• 0001213900-24-077360.txt ( ) — 61KB

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. 11 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. 11 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 September 10, 2024, GWG Wind Down Trust was the record holder or beneficial owner of 536,475 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) Since the most recent filing of Schedule 13D, GWG Wind Down Trust sold a total of 597,054 shares of Common Stock in open market transactions as set forth in Appendix A. Except as set forth in this Amendment No. 11, 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: September 10, 2024 GWG Wind Down Trust /s/ Elizabe

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View this SC 13D/A filing on SEC EDGAR