BYND Form 4: Ethan Brown Disposes 1,975 Shares at $2.54 for Tax Withholding
Rhea-AI Filing Summary
Ethan Brown, President and CEO of Beyond Meat (BYND), reported a small disposition of company stock on 08/28/2025. The Form 4 shows 1,975 shares were disposed of at $2.54 per share; the filer notes these shares were withheld to pay taxes on vested restricted stock units awarded under the 2018 Equity Incentive Plan. After the reported transaction, the filing shows 1,663,777 shares held directly and 639,881 shares held indirectly through Brown Asset Holding LLC, which is wholly owned by the Ethan Brown 2022 GRAT.
The Form indicates the reporting person is both a director and officer (President, Chief Executive Officer) and that the filing was made by one reporting person. The signature block shows the Form was signed on 08/29/2025 by an attorney-in-fact. The filing is a routine Section 16 disclosure of an internal tax-related share withholding and contains no other transactions or derivative positions.
Positive
- Substantial retained ownership: Reporting person continues to hold 1,663,777 shares directly and 639,881 shares indirectly, indicating continued alignment with shareholders.
- Transaction is administrative: Disposition is explicitly for tax withholding on vested RSUs, a routine internal event rather than a strategic sale.
Negative
- None.
Insights
TL;DR: Routine tax-withholding sale by CEO; large residual ownership remains, so governance control is unchanged.
The Form 4 documents a ministerial disposition of 1,975 shares at $2.54 executed to satisfy tax withholding on vested restricted stock units. Such transactions are common following vesting events and are typically administrative rather than a signal of strategic intent. The filing also reports substantial ongoing ownership: 1,663,777 shares directly and 639,881 shares indirectly via an entity tied to a grantor retained annuity trust, which preserves concentrated insider ownership and voting potential. From a governance perspective, the transaction is non-material relative to the reported holdings and does not indicate a change in control or voting alignment.
TL;DR: Small share withholding sale for tax purposes; immaterial impact on outstanding insider stake.
The disposition of 1,975 shares at $2.54 is explicitly identified as tax withholding for RSU vesting under the 2018 Equity Incentive Plan. The filing shows no derivative securities activity. Given the scale of the remaining direct and indirect holdings (totaling 2,303,658 shares as reported), the disposition represents a de minimis reduction in beneficial ownership. This Form 4 is a routine compliance disclosure and does not provide new operational or financial information about the issuer.