Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1151

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1151
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 1.0 million shares of common stock to Eastside, representing all of the issued and outstanding capital stock of Bridgetown.
Pursuant to the terms of the Debt Exchange Agreement on October 7, 2024, Eastside transferred 108,899 shares, or 10.9%, of Bridgetown common stock
to Bigger, District 2, Esping, WPE and Grammen, and Eastside was released from unsecured debt in the aggregate amount of $0.9 million.
See Note 5 – Debt Exchange Agreement.

    F-32

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

In accordance with the Debt Exchange
Agreement, on November 7, 2024, the Company transferred 361,101
shares, or 36%,
of Bridgetown common stock to Aegis, Bigger, District 2 and LDI. In consideration for those shares, those four lenders surrendered a
total of 58,090
shares of the Company’s common stock. See Note 5 – Debt Exchange Agreement.

Stock-Based Compensation

On September 8, 2016, Eastside
adopted the 2016 Equity Incentive Plan (the “2016 Plan”). Pursuant to the terms of the plan, on January 1, 2024 the number
of shares available for grant under the 2016 Plan reset to 43,799
shares, equal to 8%
of the number of outstanding shares of Eastside’s capital stock, calculated on an as-converted basis, on March 31 of the preceding
calendar year, and then added to the prior year plan amount. As of December 31, 2024, there were 104
options and 34,935
restricted stock units (“RSUs”) fully vested and outstanding under the 2016 Plan. On February 6, 2025, the 2016 Plan
was terminated and replaced with the 2025 Equity Incentive Plan.

A summary of all stock option activity as of and for
the years ended December 31, 2024 and 2023 is presented below:

SUMMARY
OF STOCK OPTIONS ACTIVITY

    # of Options  
    Weighted- Average Exercise Price 
  
    Outstanding as of December 31, 2022 
    259  
    $632.00 
  
    Options canceled 
     (47