Beyond Meat signs $23.5 million pea protein deal with Roquette

Beyond Meat Inc. (NASDAQ: BYND) entered into a sales agreement with Roquette Frères on March 28, 2026, for the supply of pea protein through December 31, 2027.

The agreement requires Beyond Meat to purchase minimum annual quantities totaling approximately $23.5 million over the contract term, subject to annual inflationary and exchange rate adjustments. The company must secure its payment obligations with a $1.0 million standby letter of credit.

Under the terms, Roquette will supply pea protein based on purchase orders with specified minimum annual base quantities. Beyond Meat is not required to purchase amounts exceeding these minimums, and Roquette is not obligated to deliver beyond the specified quantities.

If Beyond Meat fails to meet minimum annual purchase requirements, it will pay liquidated damages calculated as a percentage of the unpurchased volume costs for that year. The agreement allows for partial rollover of unpurchased volumes between years.

The company's board of directors also approved the Beyond Meat Inc. 2026 Employment Inducement Equity Incentive Plan on March 30, 2026. The plan reserves 10,000,000 shares of common stock for awards to new employees who have not previously worked for the company or its subsidiaries.

The inducement plan operates under similar terms to the company's existing 2018 Equity Incentive Plan but excludes incentive stock options and restricts awards to eligible recipients under Nasdaq rules. Awards may only be granted to new employees as a material inducement for joining the company.

The board adopted the plan without stockholder approval under Nasdaq Listing Rule 5635(c)(4).

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