Beeline (BLNE) Director Francis Knuettel II Receives 50,000 RSUs

What Happened Francis Knuettel II, a director of Beeline Holdings, Inc. (BLNE), received a grant of 50,000 restricted stock units (RSUs) on 2026-09-08. The filing reports an acquisition at $0.00 per unit (total $0) because these are contingent awards, not an open-market purchase or cash transaction.

Key Details

• Transaction date: 2026-09-08; Form 4 filed 2026-09-10 (filed within the typical 2-business-day window).
• Award: 50,000 restricted stock units (each RSU equals a contingent right to one share).
• Price/value on form: $0.00 per unit (standard reporting for RSU grants; economic value realized only if/when units vest and convert to shares).
• Vesting: RSUs vest on the earlier of (i) September 8, 2027 or (ii) the disbanding of the Issuer's Special Committee of the Board, and are subject to continued board service on the vesting date.
• Approval/Exemption: Grant was approved by the Issuer’s Special Committee of three non-employee directors and was exempt from Section 16(b) under Rule 16b-3.
• Plan: Award made under the Issuer’s Amended and Restated 2025 Equity Incentive Plan.
• Shares owned after transaction: Not specified in the provided filing details.

Context RSU grants are compensation awards that create a future right to receive shares if vesting conditions are met; they are not immediate purchases or sales and do not by themselves indicate a director buying or selling shares. The $0 reporting reflects the contingent nature of the award rather than market value. The Special Committee approval and Rule 16b-3 exemption are procedural items that permit the award under insider-trading rules.