SCHEDULE 13G/A: Morgan Stanley Reduces Stake in Beyond, Inc., Falls Below 5% Ownership Threshold

Morgan Stanley has filed an amended Schedule 13G, disclosing that its beneficial ownership in Beyond, Inc. has decreased to 3.5% of common stock, falling below the 5% reporting threshold.

Summary

• Morgan Stanley filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership of Common Stock in BEYOND, INC.
• As of March 31, 2025, Morgan Stanley's aggregate beneficial ownership in Beyond, Inc. is 1,937,648 shares.
• This represents 3.5% of Beyond, Inc.'s outstanding Common Stock.
• Morgan Stanley's shared voting power is 1,183,414 shares, and shared dispositive power is 1,937,648 shares.
• The filing explicitly states that Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative as a major institutional investor has reduced its stake below a significant reporting threshold, which can be perceived as a lack of conviction or a divestment.

Positives

• NA

Negatives

• Morgan Stanley, a significant institutional investor, has reduced its beneficial ownership in Beyond, Inc. to below the 5% threshold, which could be perceived by the market as a decrease in institutional confidence or a portfolio rebalancing.

Risks

• The reduction in a major institutional investor's stake could lead to negative market sentiment or a decrease in investor confidence in Beyond, Inc.'s stock.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Beyond, Inc.'s future performance or Morgan Stanley's future investment intentions beyond the current ownership disclosure.

Management Comments

• Morgan Stanley certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing is a routine disclosure of a change in institutional ownership and does not provide broader industry trends or context for Beyond, Inc.'s sector.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders of Beyond, Inc. may react to the news of a significant institutional investor reducing its stake, potentially influencing the company's stock price due to changes in market sentiment.

Next Steps

• NA

Key Dates

Keywords

Beyond Inc., Morgan Stanley, Schedule 13G, beneficial ownership, common stock, institutional ownership, stake reduction, SEC filing