Beyond Meat exchanges $15M of 2027 convertible notes for common stock

BEYOND MEAT, INC.

Exchanged ~$15.0M principal of 0% Convertible Senior Notes due 2027 at 96% of face value for common stock.
Initial settlement of 1,097,444 shares; up to 848,265 more based on 3-day VWAP floor of $7.4009.
Final true-up shares due on/around Sep 28, 2026; VWAP measured from Sep 23, 2026.
Exchange reduces outstanding debt but adds potential dilution of up to ~1.95M shares.
Shares issued under Section 4(a)(2) private placement; no public offering involved.

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