Company: BLNE
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001493152-25-006847
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Company: Beeline Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
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Item 5.02(e)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On
February 10, 2025, the Board of Directors (the “ Board”) of Eastside Distilling, Inc. (the “ Company”) adopted
the 2025 Equity Incentive Plan (the “2025 Plan”) and authorized the 2025 Plan to be submitted to stockholders of the Company
for approval. We have not issued any awards under the 2025 Plan. As of the adoption date, 300,000 shares of our Common Stock, par value
$0.0001 per share (“ Common Stock”), were available for award under the 2025 Plan. Following approval of our shareholders
of the conversion of our Series F and Series F-1 Preferred Stock into Common Stock, shares available for award under the 2025 Plan will
increase to 12 million shares without further action by the Company. On February 4, 2025 the Board authorized a reverse split of the
Company’s capital stock at a ratio of 1 share for every 10 shares outstanding with an effective date of March 6, 2025. Following
effectiveness of the reverse split, shares authorized under the 2025 Plan will be reduced in accordance with the reverse split ratio.

Types
of Awards. The 2025 Plan provides for the issuance of incentive stock options, non-statutory stock options, share appreciation rights
(“ SARs”), restricted shares, restricted share units (“ RSUs”), and other share-based awards.

Administration.
The 2025 Plan will be administered by the Board, or if the Board does not administer the 2025 Plan, a committee or a committee of the
Board (each of the Board or such committee or subcommittee, the “plan administrator”). The plan administrator may interpret
the 2025 Plan and may prescribe, amend and rescind rules and make all other determinations necessary or desirable for the administration
of the 2025 Plan.

The
2025 Plan permits the plan administrator to select the eligible recipients who will receive awards, to determine the terms and conditions
of those awards, including but not limited to the exercise price or other purchase price of an award, the number of common shares or
cash or other property subject to an award, the term of an award and the vesting schedule applicable to an award, and to amend the terms
and conditions of outstanding