secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001683168-22-007856
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global grants CEO Desmond Wheatley 142,500 RSUs and target 142,500 PRSUs
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- 50% of RSUs vested immediately; remaining vest on Feb 1, 2024 (25%) and Feb 1, 2025 (25%).
- PRSUs tied to cumulative revenue (75% weight) and avg gross margin (25%) over 2022-2024.
- PRSU target: $105M cumulative revenue and 4% avg gross margin; range 0%-150% of target.
- Threshold for PRSUs: $90M cumulative revenue and 3% avg gross margin; below threshold yields 0%.
- Awards under 2021 Equity Incentive Plan; vest accelerates on death, disability, or termination w/o cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316822007856/0001683168-22-007856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316822007856/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer