AFG Companies, Inc. Reduces Stake in Brand Engagement Network Inc. Below 5% Threshold

AFG Companies, Inc. and Ralph Wright Brewer III filed a Schedule 13G on May 15, 2026, regarding their holdings in Brand Engagement Network Inc. (BNAI). The filing reports a significant reduction in ownership, with the filers now holding 1,000 shares of Common Stock, representing approximately 0.00017% of the class. This follows dispositions made during the first quarter of 2026, which caused the reporting persons' collective ownership to fall below the 5% threshold previously disclosed after March 14, 2024. Ralph Wright Brewer III, Chairman of AFG Companies, Inc., shares voting and dispositive power over these shares. Notably, the reported totals exclude 49,333 shares owned by Genuine Lifetime, LLC, which were pledged to AFG as security for a note currently under litigation. The filing was made under Rule 13d-1(c), certifying that the securities were not acquired for the purpose of changing or influencing the control of the issuer.