Beneficient

BENFCIK 0001775734 · Every Form 4 filed by insiders at this issuer. See financials →

Annual report (10-K)

Latest 10-K filed Sep 29, 2025. Sentiment + YoY language diff vs prior year. Read sections →

Signal:Mild negative shiftFull-doc fallback

Full filing:tone -0.0154Δ-0.002090% similar+1207/-1078 ¶

Sentiment via Loughran-McDonald lexicon · YoY diff via Jaccard similarity + paragraph set difference.

Recent 8-K announcements

Per-item disclosure feed. Item 2.02 is the earnings release.

Apr 10, 20263.02 · Unregistered Sales3.03 · Material Modification to Rights5.03 · Amendments to Articles7.01 · Regulation FD Disclosure9.01 · Financial Statements and Exhibits Mar 30, 20265.02 · Departure/Election5.07 · Submission9.01 · Financial Statements and Exhibits Mar 12, 2026no items parsed Feb 17, 2026no items parsed Jan 21, 2026no items parsed

YoY shift: Lean -

Year-over-year tone shift - average net-tone change across Risk Factors and MD&A vs the prior 10-K. This filing is -0.20pp more bearish than last year's.

Why YoY instead of absolute: the LM lexicon has ~6.6× more negative words than positive (legal/risk-disclosure language is heavy on hedging), so every 10-K reads bearish on raw tone. Year-over-year change strips that bias and surfaces the actual shift in management's framing.

Per-snippet highlights

Sentence-level sentiment highlighting with category and subcategory filters is coming once the snippet-scoring pipeline lands. For now, dig into the actual section text on the Sections tab.

Top insiders

Most active reporters at Beneficient

Name	Roles	Filings
Welday Jeff	Officer	25
Gwg Wind Down Trust	10% Owner	9
Cangany Peter T Jr	Director	8
Gwg Holdings, Inc.	10% Owner	2
Hicks Thomas O	Director	2

Showing 1-5 of 16

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Top performers

Insiders ranked by realized 90-day signed return on their open-market trades at Beneficient. Minimum 3 scored trades. Returns are signed - a sale followed by a rally counts against the insider.

#	Insider	Trades	Win rate	Avg	Median	Best	Worst
1	Gwg Wind Down Trust	14	100%	+53.6%	+56.2%	+67.3%	+38.0%
2	Welday Jeff	50	98%	+45.7%	+49.7%	+63.6%	-2.6%
3	Cangany Peter T Jr	9	0%	-57.9%	-51.9%	-46.3%	-82.8%

All filings

58 Form 4 / 4-A filings, newest first

Filed	Insider	Top transaction	Shares	Price	Value
Feb 6, 2025	Welday Jeff See Remarks	SSale	272	$0.60	$163
Jan 31, 2025	Welday Jeff See Remarks	SSale	1,199	$0.62	$743
Jan 16, 2025	Welday Jeff See Remarks	AGrant	61,592	$0.00	$0
Dec 23, 2024	Welday Jeff See Remarks	SSale	3,364	$0.65	$2,187
Dec 20, 2024	Welday Jeff See Remarks	SSale	1,241	$0.67	$831

Showing 11-15 of 58

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Real-time Form 4 intelligence. Smarter insider tracking.

Filed		Top transaction	Shares	Price	Value