Lubi Kutua - Mar 1, 2024 Form 4 Insider Report for BEYOND MEAT, INC. (BYND)

Role
CFO, Treasurer
Signature
/s/ Teri L. Witteman, as Attorney-In-Fact for Lubi Kutua
Stock symbol
BYND
Transactions as of
Mar 1, 2024
Transactions value $
-$264
Form type
4
Date filed
3/5/2024, 09:45 PM
Previous filing
Mar 4, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BYND Common Stock Award $0 +102K +99.87% $0.00 205K Mar 1, 2024 Direct F1
transaction BYND Common Stock Tax liability -$264 -31 -0.02% $8.51 205K Mar 4, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BYND Performance Stock Unit Award $0 +49.4K $0.00 24.7K Mar 1, 2024 Common Stock 49.4K Direct F3
transaction BYND Performance Stock Unit Award $0 +46K $0.00 23K Mar 1, 2024 Common Stock 46K Direct F3
transaction BYND Performance Stock Unit Award $0 +43.7K $0.00 21.8K Mar 1, 2024 Common Stock 43.7K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSU") granted under the 2018 Equity Incentive Plan ("Plan") on March 1, 2024; 1/4th of the total number of shares subject to the RSU award will vest on March 1, 2025, and 1/16th of the total number of shares subject to the RSU award will vest each quarter thereafter, until the award is fully vested on March 1, 2028 subject to the Reporting Person's continued service through each vest date and provided that vesting shall be subject to the acceleration provisions of an Executive Change in Control Severance Agreement by and between the Reporting Person and the Issuer.
F2 Shares withheld to pay taxes applicable to vesting of RSUs previously awarded pursuant to the Plan.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock issued under the Plan. This PSU award will vest at the end of a one-year performance period based on the Company's total shareholder return ("TSR") for the performance period as compared to a peer group, with vesting at target equal to 50% of the total units subject to the PSU award, subject to the Reporting Person's continued service through the end of the applicable performance period and provided that vesting shall be subject to the acceleration provisions of an Executive Change in Control Severance Agreement by and between the Reporting Person and the Issuer.