Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 215

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 215
---
21, 2023, the Plan was amended to increase the number of shares of Common Stock which could be made available for Award under the Plan by 717,160 for a total of one million (1,000,000) shares of Common Stock. As of December 31, 2023, Beeline granted a total of 792,810 awards. As of December 31, 2023, 207,190 shares of Common Stock remain available for grants of awards pursuant to this Plan.

Restricted Stock Awards

In 2020, Beeline granted 123,500 Restricted Common Stock (CRSA’s) shares with an estimated fair value of $597,864 to four employees. The shares vest over 25 months. The company recognized the remaining compensation expense of $286,974 in 2022. All restricted shares issued under the Plan are now fully vested and unrestricted. 200 shares were issued in fiscal 2022 related to this grant while the remainder were issued in 2020.

The following table summarizes activity related to non-vested shares:

Schedule of Non Vested Shares

|                               |     | Number               
 of Non-Vested Shares |         |   |     | Weighted                      
 Average Grant Date Fair Value |       |   |
|:------------------------------|:----|:---------------------|--------:|:--|:----|:------------------------------|------:|:--|
| Non-vested, December 31, 2021 |     |                      |  59,280 |   |     | $                             |  4.84 |   |
| Granted                       |     |                      |       - |   |     |                               |     - |   |
| Shares vested                 |     |                      | (59,280 | ) |     | $                             | (4.84 | ) |
| Non-vested, December 31, 2022 |     |                      |       - |   |     |                               |     - |   |
| Shares vested                 |     |                      |       - |   |     |                               |     - |   |
| Non-vested, December 31, 2023 |     |                      |       - |   |     | $                             |     - |   |

Option Awards

During 2023, the Company’s Board of Directors granted 609,090 new stock options to employees as incentive stock options (ISOs). These options have a fair value of approximately $900,000 and carry a four-year