Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 153

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 153
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 into shares of the Company’s common stock pursuant to the terms and conditions set forth in a Certificate of Designation Establishing Series C Preferred Stock with an initial conversion price of $3.05per share.

| F-25 |

<div align='center'>Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2023</div>

Stock-Based Compensation

On September 8, 2016, the Company adopted the 2016 Equity Incentive Plan (the “2016 Plan”). Pursuant to the terms of the plan, on January 1, 2023 the number of shares available for grant under the 2016 Plan reset to 437,993shares, equal to 8% of the number of outstanding shares of the Company’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, 2023, there were 2,120options and 196,619restricted stock units (“RSUs”) outstanding under the 2016 Plan, with vesting schedules varying between immediate or three (3) years from the grant date.

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

Summary of Stock Options Activity

|                         |     | #          
 of Options |       |   |     | Weighted-      
 Average        
 Exercise Price |       |
|:------------------------|:----|:-----------|------:|:--|:----|:---------------|------:|
| Outstanding             
 as of December 31, 2022 |     |            | 2,587 |   |     | $              | 63.20 |
| Options                 
 canceled                |     |            |  (467 | ) |     |                | 87.98 |
| Outstanding             
 as of December 31, 2023 |     |            | 2,120 |   |     | $              | 57.95 |
| Exercisable             
 as of December 31, 2023 |     |            | 2,120 |   |     | $              | 57.95 |

The aggregate intrinsic value of options outstanding as of December 31, 2023 was $0. As of December 31, 2023, all options had vested.

The Company uses the Black-Scholes valuation model to measure