Form 4: Beyond, Inc. Director Joseph J. Tabacco, Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Joseph J. Tabacco, Jr. reports the acquisition of restricted stock units in Beyond, Inc.
Summary
- Joseph J. Tabacco, Jr., a director of Beyond, Inc., filed a Form 4 with the SEC on May 19, 2025.
- The report details the acquisition of 26,873 restricted stock units (RSUs) on May 15, 2025.
- These RSUs represent a contingent right to receive one share of Beyond, Inc. common stock each.
- The RSUs vest on May 15, 2026, and vested shares will be delivered promptly after vesting.
- The price of the derivative security is $0.
- Following the reported transaction, Tabacco beneficially owns 37,045 derivative securities directly.
- Tabacco also has a Limited Power of Attorney appointing Christina Wheeler to handle securities law compliance, including filing Forms 144, 3, 4, and 5.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The acquisition of RSUs is generally a neutral to slightly positive event, suggesting confidence by the director in the company's future.
Positives
- The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting of RSUs in May 2026 suggests a continued relationship between the director and the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of RSUs is a common form of executive compensation.
Comparison to Industry Standards
- RSU grants are a standard compensation practice across various industries, particularly in technology and growth-oriented companies.
- Companies like Amazon, Google, and Microsoft frequently use RSUs as part of their executive compensation packages to align management's interests with those of shareholders.
- The vesting schedules for RSUs typically range from one to five years, with the vesting period for Beyond, Inc.'s RSUs being one year, which is relatively short.
Stakeholder Impact
- The acquisition of RSUs by a director can have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2025-04-14 | Date of Limited Power of Attorney execution. |
| 2025-05-15 | Date of transaction (acquisition of RSUs). |
| 2025-05-19 | Date of Form 4 filing. |
| 2026-05-15 | Vesting date of the restricted stock units. |
Keywords
Form 4, restricted stock units, RSUs, beneficial ownership, director, securities, Beyond, Inc., BYON
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