Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 210

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 210
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66,320 | ) |     |                        |    - |     |                                            |     |     |                 | - |
| Balance Outstanding, December 31, 2023 |     |            | 736,490 |   |     | $                      | 2.89 |     |                                            | 4.6 |     | $               | - |
| Exercisable, December 31, 2023         |     |            | 152,850 |   |     | $                      | 2.89 |     |                                            | 4.6 |     | $               | - |

The fair value of the stock option grants were estimated using the
following assumptions:

Schedule of Fair Value of Options for Valuation Assumptions

| Risk free interest rate                    
 Expected term in years                     
 Dividend yield                             
 Volatility of common stock                 |     | For the Years 
 Ended         
 December      
 31,           
 2023          | 3.88 
  5.5 
    — 
  62% 
 –64% | % |     | 2022 |   1.04% 
 – 3.55% 
       6 
       — 
     58% 
   – 60% |
|:-------------------------------------------|:----|:--------------|-----:|:--|:----|:-----|--------:|
| Weighted average grant date fair value per 
 option                                     |     | $             | 2.50 |   |     | $    |    4.08 |

Phantom Stock Awards

In 2018, Beeline adopted the Phantom Equity Plan (the “Phantom Plan”), which authorizes up to 100,000shares (“Phantom Shares”) to be granted to participating employees. The Phantom Shares are a hypothetical equity interest in Beeline and vest over a four-year period. Each award will only vest and become payable upon certain events, such as a change in ownership of Beeline or a liquidation event, as defined in the Phantom Plan agreement. At December 31, 2023 and 2022, the value per share was deminimis. No additional Phantom Shares were granted in 2023 or 2022. There are 39,750issued and fully vested Phantom Shares at December 31, 2023 and 2022.

401(k) Employee Benefit Plan

Beeline has established a retirement benefit plan under Section 401(k) of the Internal Revenue Code. Under this