Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 127

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 127
---
. On February 6, 2025, the 2016
Plan was terminated and replaced with the 2025 Equity Incentive Plan, and on August 1, 2025 the Board of Directors adopted the Amended
and Restated 2025 Equity Incentive Plan (the “2025 Plan”).

2025
Equity Incentive Plan

On
August 1, 2025, the Company’s Board of Directors adopted the 2025 Plan and authorized the 2025 Plan to be submitted to stockholders
of the Company for approval. The 2025 Plan initially authorized 4,588,802 shares of common stock, which was equal to 15% of the outstanding
shares of common stock on a fully-diluted basis available for award under the 2025 Plan. The 2025 Plan provides for an annual increase
to such available number of shares by 5% of the shares of common stock outstanding on a fully-diluted basis each year for a period of
seven years, with the first such increase to occur on January 1, 2026. The 2025 Plan provides for the issuance of incentive stock options,
non-statutory stock options, share appreciation rights, restricted shares, restricted share units, and other share-based awards.

The
following grants under the 2025 Plan were all made subject to stockholder approval of the Plan which occurred on October 2, 2025. On
May 28, 2025, the Board of Directors of the Company approved grants of cash and restricted stock to its non-employee directors and stock
options to senior executives and employees. On August 1, 2025, the Board of Directors approved a grant of restricted stock to two persons
for past services as directors of a subsidiary. On September 4, 2025, the Board of Directors approved a grant of restricted stock units
to an employee for past services to the Company. Due to stockholder approval after September 30, 2025, the grants were not accounted
for as of September 30, 2025.

The
cash grants were not subject to stockholder approval. The cash awarded to four non-employee directors, is payable quarterly in arrears
and subject to continued service. Three board members elected to receive 100% of the cash awards in shares of restricted common stock
at $0.92 per share and one board member elected to receive 50% of the cash in common