Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 208

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 208
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ITY INCENTIVE PLANS

Beeline Financial Holdings, Inc.’s Amended Equity Incentive Plan provides employees, consultants, and directors of Beeline and its affiliates awards, including incentive stock options, non-qualified stock options, and restricted stock.

As approved by the Boards of Directors on December 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 717,160for a total of one million ( 1,000,000) shares of Common Stock. As of December 31, 2023, Beeline granted a total of 792,810awards. As of December 31, 2023, 207,190shares of Common Stock remain available for grants of awards pursuant to this Plan.

Restricted Stock Awards

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