X0306 4 2020-06-18 0 0001522690 GWG Holdings, Inc. GWGH 0001776029 Heppner Brad K 325 N. SAINT PAUL STREET SUITE 4850 DALLAS TX 75201 1 0 0 0 Common Stock, $.001 par value 2500000 I By Beneficiant Capital Company, L.L.C. Common Stock, $.001 par value 2020-06-18 4 M 0 8169 0 A 8169 D Restricted Stock Units 2020-06-18 4 M 0 8169 0 D 2020-06-18 Common Stock 8169 0 D Beneficient Capital Company, L.L.C., a Delaware limited liability company ("BEN Capital") is a wholly-owned subsidiary of Beneficient Company Holdings, L.P., a Delaware limited partnership ("BEN Holdings"). BEN Holdings is also the managing member of BEN Capital. BEN Holdings is controlled by its general partner, The Beneficient Company Group, L.P, a Delaware limited partnership ("BEN"). BEN is controlled by its general partner, Beneficient Management, L.L.C., a Delaware limited liability company ("BEN Management"). Brad K. Heppner serves as Director, Chairman and Chief Executive Officer of BEN Management. As a result, Mr. Heppner may be deemed to beneficially the shares of GWG Holdings, Inc. common stock owned by BEN Capital. Mr. Heppner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Each restricted stock unit represented a contingent right to receive one share of Issuer common stock. Shares have now vested and are being delivered to the reporting person. Exhibit 24.1 Power of Attorney filed with Reporting Person's Form 3 on 5/8/2019. /s/ Craig Opp as attorney-in-fact 2020-07-22