Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 209

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 209
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Option Awards

During 2023, the Company’s Board of Directors granted 609,090new stock options to employees as incentive stock options (ISOs). These options have a fair value of approximately $ 900,000and carry a four-year vesting period. The issuance of these options, along with a prior year grant, generated stock option compensation expense in the year 2023 in the amount of $ 374,746. Stock option expense in fiscal 2022, related to prior year grants was $ 77,217.

| F-74 |

Beeline Financial Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2023 and 2022

At December 31, 2023, the total unrecognized compensation related to unvested stock option awards granted, was approximately $ 0.8million, which the Company expects to recognize over a weighted-average period of approximately 3.5years.

Stock option activities for the years ended December 31, 2023 and 2022 are summarized as follows:

Schedule of Stock Option Activity

|                                        |     | Number     
 of Options |         |   |     | Weighted               
 Average Exercise Price |      |     | Weighted                                   
 Average Remaining Contractual Term (Years) |     |     | Aggregate       
 Intrinsic Value |   |
|:---------------------------------------|:----|:-----------|--------:|:--|:----|:-----------------------|-----:|:----|:-------------------------------------------|----:|:----|:----------------|:--|
| Balance Outstanding, December 31, 2021 |     |            | 228,810 |   |     | $                      | 4.08 |     |                                            |   6 |     | $               | - |
| Forfeited                              |     |            | (35,090 | ) |     |                        |    - |     |                                            |     |     |                 | - |
| Balance Outstanding, December 31, 2022 |     |            | 193,720 |   |     |                        | 3.94 |     |                                            |   5 |     |                 | - |
| Granted                                |     |            | 609,090 |   |     |                        | 2.50 |     |                                            |     |     |                 | - |
| Forfeited                              |     |            | (