4//SEC Filing
LEMONIS MARCUS 4
Accession 0001415889-24-014408
CIK 0001130713other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 8:28 PM ET
Size
12.4 KB
Accession
0001415889-24-014408
Insider Transaction Report
Form 4
BEYOND, INC.BYON
LEMONIS MARCUS
DirectorEXECUTIVE CHAIRMAN OF BOARD
Transactions
- Award
Stock Option (right to buy)
2024-05-21+500,000→ 500,000 totalExercise: $45.00Exp: 2026-02-20→ Common Stock (500,000 underlying) - Award
Stock Option (right to buy)
2024-05-21+750,000→ 750,000 totalExercise: $50.00Exp: 2027-02-20→ Common Stock (750,000 underlying) - Award
Stock Option (right to buy)
2024-05-21+1,000,000→ 1,000,000 totalExercise: $60.00Exp: 2028-02-20→ Common Stock (1,000,000 underlying)
Footnotes (5)
- [F1]The Reporting Person was granted a nonstatutory stock option on February 20, 2024 (the "Grant Date") subject to stockholder approval, which stockholder approval was received on May 21, 2024 ("Performance Award").
- [F2]The Performance Award consists of 3 separate tranches that vest only if certain pre-established stock price milestones (each a "Stock Price Hurdle") are achieved and Reporting Person satisfies the corresponding service-based requirement. Vesting eligibility is contingent on Reporting Person being either the Executive Chairman or Chairman of the Company's board of directors ("Board"), or such other position the Board deems a qualifying position for the Performance Award ("Qualifying Position") through the applicable vest date. For any Stock Price Hurdle to be achieved, the average per-share closing price of the Company's common stock over any 20 consecutive trading day period during the specified performance period must be equal or greater than such Stock Price Hurdle. If the Stock Price Hurdle is not achieved for any tranche during the applicable performance period, the shares underlying the corresponding tranche of the Performance Award will be immediately forfeited.
- [F3]The first tranche of 500,000 options vests in full upon the achievement of the Stock Price Hurdle of $45.00 during the period beginning on the Grant Date and ending on February 20, 2026, but in no event prior to February 20, 2025, subject to the Reporting Person's continued service in a Qualifying Position through the vesting date (except in the event of certain terminations).
- [F4]The second tranche of 750,000 options vests in full upon the achievement of the Stock Price Hurdle of $50.00 during the period beginning on the Grant Date and ending on February 20, 2027, but in no event prior to February 20, 2026, subject to the Reporting Person's continued service in a Qualifying Position through the vesting date (except in the event of certain terminations).
- [F5]The third tranche of 1,000,000 options vests in full upon the achievement of the Stock Price Hurdle of $60.00 during the period beginning on the Grant Date and ending on February 20, 2028, but in no event prior to February 20, 2027, subject to the Reporting Person's continued service in a Qualifying Position through the vesting date (except in the event of certain terminations).
Documents
Issuer
BEYOND, INC.
CIK 0001130713
Entity typeother
Related Parties
1- filerCIK 0001136478
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 8:28 PM ET
- Size
- 12.4 KB