Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 837

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 837
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 – Debt Exchange Agreement.

Stock-Based Compensation

On September 8, 2016, Eastside
adopted the 2016 Equity Incentive Plan (the “2016 Plan”). Pursuant to the terms of the plan, on January 1, 2024 the number
of shares available for grant under the 2016 Plan reset to 43,799
shares, equal to 8%
of the number of outstanding shares of Eastside’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, 2024, there were 104
options and 34,935
restricted stock units (“RSUs”) fully vested and outstanding under the 2016 Plan. On February 6, 2025, the 2016 Plan
was terminated and replaced with the 2025 Equity Incentive Plan.

A summary of all stock option activity as of and for
the years ended December 31, 2024 and 2023 is presented below:

SUMMARY
OF STOCK OPTIONS ACTIVITY

    # of Options  
    Weighted- Average Exercise Price 
  
    Outstanding as of December 31, 2022 
    259  
    $632.00 
  
    Options canceled 
     (47) 
     879.80 
  
    Outstanding as of December 31, 2023 
     212  
    $579.50 
  
    Options canceled 
     (108) 
    1,215.91 
  
    Outstanding and Exercisable as of December 31, 2024 
     104  
    $304.34 

The aggregate intrinsic value of options outstanding
as of December 31, 2024 was $0. As of December 31, 2024, all options had vested.

The Company uses the Black-Scholes valuation model
to measure the grant-date fair value of stock options. The grant-date fair value of stock options issued to employees is recognized on
a straight-line basis over the requisite service period. Stock-based awards issued to nonemployees are recorded at fair value on the measurement
date and are subject to periodic market adjustments as the underlying stock-based awards vest.

To determine the fair value of stock options using
the Black-Scholes valuation model, the calculation takes into consideration the effect of the following:

    ●
    Exercise price