The information set forth in Item 3 of this Schedule 13D is incorporated herein by reference. Summary of September 29, 2025 Agreements On September 29, 2025, the Issuer commenced an exchange offer (the "Exchange Offer") to exchange any and all of its 0% Convertible Senior Notes due 2027 (the "Existing Convertible Notes") for a pro rata portion of (i) up to $202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (the "New Convertible Notes") and (ii) up to 326,190,370 Common Shares. On October 15, 2025, upon the Issuer receiving consents from holders representing a majority of the outstanding aggregate principal amount of Existing Convertible Notes, the Issuer eliminated substantially all of the restrictive covenants in the indenture governing the Existing Convertible Notes as well as certain events of default and related provisions applicable to the Existing Convertible Notes. Also on September 29, 2025, holders of approximately 47% of the Existing Convertible Notes, including Valence (the "Supporting Noteholders"), entered into a transaction support agreement with the Issuer (the "Transaction Support Agreement") to support the Exchange Offer and Consent Solicitation, including by tendering all of their Existing Convertible Notes in the Exchange Offer. Valence tendered to the Issuer $112,700,000 in aggregate principal amount of Existing Convertible Notes prior to 5:00 p.m., New York City time, on October 10, 2025 (the "Early Tender Date"). The exchange for Valence's tender of its Existing Convertible Notes was finalized on October 15, 2025 (the "Early Settlement Date"). On the Early Settlement Date, and in exchange for its tender of Existing Convertible Notes, Valence received $22,466,000 in aggregate principal amount of New Convertible Notes (such total including $2,622,000 in principal amount of New Convertible Notes received as a Supporting Noteholder under the Transaction Support Agreement (the "SteerCo Premium")) and 31,966,656 Common Shares. Contemporaneously with its entrance into the Transaction Support Agreement, Valence entered into a voting agreement (the "Voting Agreement") with the Issuer whereby Valence agreed to appear at the Issuer's Special Meeting of stockholders and every stockholder meeting thereafter until the earlier of (i) the termination, withdrawal and abandonment by the Issuer of the Exchange Offer prior to the initial settlement date of the New Convertible Notes and Common Shares in the Exchange Offer, (ii) the date following the date of the Issuer's annual meeting in 2026, (iii) the date on which certain proposals in the Voting Agreement that will allow the issuance of common stock pursuant to the terms of the New Convertible Notes (the "Stockholder Proposals") are approved and (iv) June 19, 2026, or otherwise cause the Common Shares it beneficially owns to be counted as present thereat for purposes of determining a quorum, and be present (in person or by proxy, which includes by remote communication) and vote (or cause to be voted) all of the Common Shares it beneficially owns in favor of the Stockholder Proposals. Exchange Offer Memorandum and Consent Solicitation Statement The conversion rate for the New Convertible Notes under the Exchange Offer is initially the number of Common Shares per $1,000 principal amount of New Convertible Notes equal to the lesser of (i) 1,029.2716 and (ii) an amount calculated based on a 10% premium to a reference price determined over an observation period consisting of 20 consecutive trading days following the initial settlement date of the New Convertible Notes, with such rate subject to customary adjustments. Prior to obtaining stockholder approval for the Stockholder Proposals, the Issuer is permitted to satisfy its obligations upon conversion of the New Convertible Notes only in the form of cash settlement. Following such stockholder approval, the Issuer will be permitted to satisfy its obligations under the New Convertible Notes with any settlement method it is otherwise permitted to elect, including by physical settlement of Common Shares. The Exchange Offer and Consent Solicitation will expire at 5:00 p.m., New York City time, on October 28, 2025 (such time and date, as the same may be extended, the "Expiration Deadline"), unless extended or earlier terminated. Rights to withdraw tendered Existing Convertible Notes and revoke consents terminated at 5:00 p.m., New York City time, on October 10, 2025 (the "Withdrawal Deadline") and on October 15, 2025, the Issuer completed the early settlement of the exchange of the Existing Convertible Notes validly tendered (and not validly withdrawn) in the Exchange Offer by the Early Tender Date. If, at or prior to the Expiration Deadline, unless extended, all conditions to the Exchange Offer have been or are concurrently satisfied or waived, the Issuer will accept for exchange all Existing Convertible Notes validly tendered in the Exchange Offer at or prior to the Expiration Deadline, and not validly withdrawn at or prior to the Withdrawal Deadline promptly after the Expiration Deadline, which is currently expected to occur on October 30, 2025, the second business day immediately following the Expiration Deadline. Eligible Holders who validly tendered (and did not validly withdraw) their Existing Convertible Notes and delivered their related consents at or prior to the Early Tender Date were eligible to receive for each $1,000 in aggregate principal amount of Existing Convertible Notes validly tendered for exchange, $176.0870 in aggregate principal amount of New Convertible Notes and 283.6438 Common Shares. The New Convertible Notes are secured, second lien obligations of the Issuer. The New Convertible Notes will mature on October 15, 2030, unless earlier redeemed, converted, equitized or repurchased in accordance with the terms of the New Convertible Notes. The New Convertible Notes bear interest at a rate of 7.00% per annum from October 15, 2025, which interest may be paid in cash or, subject to certain limitations, Common Shares. At the option of the Issuer, interest on the New Convertible Notes may be accrued and compounded in whole or in part for any interest period as "payment-in-kind" interest at a rate of 9.50% per annum from October 15, 2025. Initially, the New Convertible Notes will not be guaranteed; however, the Issuer has agreed to cause its future wholly-owned subsidiaries, subject to certain customary exceptions, to guarantee the New Convertible Notes, and has also agreed to take commercially reasonable efforts, including seeking advice and consultation procedures with the works council, to cause its subsidiary, Beyond Meat EU B.V., a private Issuer with limited liability incorporated under the laws of the Netherlands, to guarantee the New Convertible Notes following the closing of the Exchange Offer. Transaction Support Agreement The Transaction Support Agreement was subject to certain conditions, including a condition that the Issuer will not consummate the Exchange Offer unless the holders of 85% of the aggregate principal amount of Existing Convertible Notes tender their Existing Convertible Notes in the Exchange Offer. On October 13, 2025, the Issuer announced that such condition had been satisfied. In addition, the Issuer agreed in the Transaction Support Agreement to pay or cause to be paid to the parties to the Transaction Support Agreement, on a pro rata basis, a non-refundable amount equal to $12.5 million in aggregate principal amount of New Convertible Notes on the initial settlement date of the New Convertible Notes. As noted above, Valence received a SteerCo Premium of $2,622,000 in face value of the New Convertible Notes on the Early Settlement Date. Voting Agreements The Voting Agreement separately provides that signatories shall not, from and after the initial settlement date of the New Convertible Notes and Common Shares in the Exchange Offer and until 5:00 p.m., New York City time on the date that is the earlier of (i) the record date of the first Special Meeting proposed to be held following the consummation of the Exchange Offer and (ii) the date that is three (3) business days following the initial settlement date of the New Convertible Notes and Common Shares in the Exchange Offer, (A) transfer, sell, exchange, assign or convey any legal or beneficial ownership interest in, or any right, title or interest therein (including any right or power to vote), or otherwise dispose of (whether by sale, liquidation, dissolution, dividend, distribution or otherwise) any Common Shares issued in the Exchange Offer, or enter into any contract, option, or other agreement with respect to any of the foregoing; provided, the lock-up will provide that an exchanging holder of the Existing Convertible Notes may sell its pro rata portion of the amount of Common Shares it receives in the Exchange Offer that represents the amount by which the Common Shares issued at the initial settlement date of the Exchange Offer that are subject to voting agreements at such time (whether entered into with the Company directly or pursuant to the terms of the Exchange Offer) exceed 50.1% of the Common Shares outstanding on the initial settlement date of the New Convertible Notes and Common Shares in the Exchange Offer. The Issuer also agreed in the Voting Agreement (i) not to effectuate a reverse stock split for a period ending the date that is 120 days from the initial settlement date of any New Convertible Notes (the "Early Release Date") and (ii) not to effectuate a reverse stock split during the period beginning on the Early Release Date and ending the date that is 180 days after the initial settlement date of the New Convertible Notes (the "Final Release Date") unless (A) the Issuer has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") of failure to meet the continued listing requirement for minimum bid price at any time prior to such Reverse Stock Split and have not subsequently cured such deficiency to Nasdaq's satisfaction or (B) the Issuer's Common Shares fail to meet the minimum bid price of at least $1.00 per share on the Nasdaq Global Select Market for any fifteen (15) consecutive business days in the period commencing fifteen (15) business days prior to the Early Release Date and ending on the Final Release Date. Indenture Governing New Convertible Notes Under the indenture governing the New Convertible Notes (the "Indenture"), the Issuer shall satisfy its conversion obligations by paying or delivering, as the case may be, to the converting holder, in respect of the New Convertible Notes, cash, Common Shares, together with cash, if applicable, in lieu of delivering any fractional Common Share, or a combination of cash and Common Shares, together with cash, if applicable, in lieu of delivering any fractional Common Shares, at the Issuer's election. In addition, the Indenture contains a non-waivable beneficial ownership limitation provision (the "Blocker Provision") providing that, among other things, no New Convertible Note will be optionally convertible by the holder, and the Issuer will not effect any conversion of a New Convertible Note, to the extent that after giving effect to such conversion, the holder (or any other persons whose beneficial ownership of the Common Shares would or could be aggregated with the holder's for purposes of Section 13(d) or Section 16 of the Exchange Act) collectively would beneficially own in excess of 9.9% of the Common Shares outstanding immediately after giving effect to such conversion (the "Beneficial Ownership Limitation"). New Convertible Note holders can decrease or increase (up to 19.9%) the Beneficial Ownership Limitation provided, among other things, that any such increase or decrease will not be effective until the sixty-first (61st) day after such notice is delivered to the Issuer. The foregoing description of the Transaction Support Agreement, the Voting Agreement, and the Indenture do not purport to be complete and are qualified in their entirety by reference to the Transaction Support Agreement, the Voting Agreement, and the Indenture, which are filed as Exhibit 99.5, Exhibit 99.6, and Exhibit 99.7, respectively, and are incorporated by reference herein. Plans and Proposals The Reporting Persons expect to review from time to time their investment in the Issuer and may, depending on the market and other conditions, determine to: (i) increase or decrease their position in the Issuer through, among other things, the purchase or sale of Common Shares and/or other equity, debt, derivative securities or other instruments that are convertible into Common Shares, or are based upon or relate to the value of the Common Shares or the Issuer (collectively, "Securities") on the open market or in private transactions, on such terms and at such times as the Reporting Persons may deem advisable and/or (ii) enter into transactions that increase or hedge its economic exposure to the Common Shares or other Securities without affecting the Reporting Persons' beneficial ownership of the Common Shares or other Securities. Such transactions may take place at any time and without prior notice. There can be no assurance, however, that any Reporting Person or any of their affiliates will take any such actions. The Reporting Persons may, from time to time, engage in discussions with members of the Issuer's management and board of directors, other current and prospective holders of the Issuer's equity and debt securities, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, equity and debt financing sources and other third parties regarding a variety of matters relating to the Issuer, which (in addition to the matters discussed above) may include, among other things, the Issuer's business, management, capital structure, capital allocation, corporate governance, board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or could result in any of the matters set forth in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. Except as set forth above, none of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.