Form 4: Beyond, Inc. Executive Chairman Marcus Lemonis Reports Acquisition of 400,000 Restricted Stock Units

Marcus Lemonis, Executive Chairman of Beyond, Inc., reports the acquisition of 400,000 restricted stock units (RSUs) following shareholder approval.

Summary

• Marcus Lemonis, the Executive Chairman of the Board at Beyond, Inc., filed a Form 4 on May 19, 2025, reporting a transaction.
• The transaction involved the acquisition of 400,000 Restricted Stock Units (RSUs) on May 15, 2025.
• These RSUs were granted on March 10, 2025, and were subject to shareholder approval, which was received on May 15, 2025.
• The RSUs vest in three equal installments on March 10, 2026, March 10, 2027, and March 10, 2028.
• Upon vesting, each RSU represents a contingent right to receive one share of Beyond, Inc. common stock.
• Lemonis now beneficially owns 500,000 derivative securities.
• A prior Form 4 filed on March 11, 2025, inadvertently reported incorrect vesting dates for 100,000 of the RSUs.
• Lemonis also provided Christina Wheeler with power of attorney for securities law compliance.

Sentiment

Score: 7

Explanation: The document is generally neutral, reporting a standard executive compensation transaction. The acquisition of RSUs by the Executive Chairman is a positive signal, suggesting confidence in the company's future, but it's not overwhelmingly positive.

Positives

• The acquisition of RSUs by the Executive Chairman could be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting schedule incentivizes long-term commitment from the executive.
• The granting of power of attorney to Christina Wheeler streamlines securities law compliance.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedule suggests an expectation of continued employment and company performance over the next three years.

Industry Context

The granting of RSUs is a common practice in corporate compensation to align executive interests with shareholder value and incentivize long-term performance.

Comparison to Industry Standards

• RSUs are a standard form of executive compensation, used by companies like Apple, Microsoft, and Google.
• Vesting schedules of three years are also common, aligning with industry norms for long-term incentive plans.
• The size of the RSU grant should be compared to similar grants at peer companies to assess its relative value and impact.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign of alignment between management and shareholder interests.
• Employees may see the grant as a sign of company stability and commitment to its leadership.

Key Dates

Keywords

Form 4, Restricted Stock Units, RSU, Marcus Lemonis, Beyond, Inc., Beneficial Ownership, Securities, Executive Chairman