BEYOND MEAT, INC.
4.82%
18,934,083
1655210
08862E109
Oct 14, 2025
Oct 22, 2025, 05:00 PM
Reporting Persons (5)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| WOLVERINE ASSET MANAGEMENT LLC | Investment Adviser | 4.82% | 18,934,083 | 0 | 18,934,083 |
| Wolverine Holdings, L.P. | Holding Company | 4.82% | 18,934,083 | 0 | 18,934,083 |
| Wolverine Trading Partners, Inc. | CO | 4.82% | 18,934,083 | 0 | 18,934,083 |
| Robert R. Bellick | Individual | 4.82% | 18,934,083 | 0 | 18,934,083 |
| Christopher L. Gust | Individual | 4.82% | 18,934,083 | 0 | 18,934,083 |
Disclosure Items (7)
Common Stock, par value $0.0001 per share
BEYOND MEAT, INC.
888 N. Douglas Street, El Segundo, CA, 90245
This Schedule is filed on behalf of each of the following persons (collectively the "Reporting Persons"): 1. Wolverine Asset Management, LLC ("WAM"), an Illinois limited liability company as the investment manager of Wolverine Flagship Fund Trading Limited ("WFFTL"); 2. Wolverine Holdings, L.P. ("WH"), an Illinois limited partnership, as the sole member and manager of WAM; 3. Wolverine Trading Partners, Inc. ("WTP") an Illinois corporation, as the sole general partner of WH; 4. Robert R. Bellick, as a control shareholder of WTP; and 5. Christopher L. Gust, as a control shareholder of WTP.
The business address for WAM is 175 W. Jackson Blvd., Suite 340, Chicago, IL 60604. The business address for all other Reporting Persons and the executive officers of WTP is 175 W. Jackson Blvd., Suite 200, Chicago, IL 60604.
WAM serves as investment manager of WFFTL. WH is the sole member and manager of WAM. WTP is the sole general partner of WH. Each of Mr. Bellick and Mr. Gust is a managing director of WH. Mr. Bellick is President of WTP, and Mr. Gust is Secretary of WTP and the Chief Executive Officer and Chief Investment Officer of WAM. The only other executive officer of WTP is Eric J. Henschel, Vice President. There are no directors of WTP.
None of the Reporting Persons nor the executive officers and directors of WTP has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was, or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
WAM is an Illinois limited liability company. WH is an Illinois limited partnership. WTP is an Illinois corporation. Each of Mr. Bellick, Mr. Gust and Mr. Henschel is a citizen of the United States.
The Reporting Persons tendered $117,820,000 in aggregate principal of the 0% Convertible Senior Notes due 2027 (the "Existing Convertible Notes") which were held as an investment by WFFTL, the private fund managed by WAM, in exchange for 33,418,911 new shares of the Issuer's Common Stock and $23,486,000 in aggregate principal of the Issuer's new 7% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (the "new Notes"). In relation to WAM's participation in the transaction, WFFTL received an additional $2,741,000 in aggregate principal of the new Notes as a premium.
As of October 15, 2025, the Reporting Persons may have been deemed to share voting and dispositive power over 22,454,083 shares of the Issuer's Common Stock, constituting approximately 5.71% of the shares of the Issuer's Common Stock. As of October 17, 2025, the Reporting Persons may have been deemed to share voting and dispositive power over 18,934,083 shares of the Issuer's Common Stock, constituting approximately 4.82% of the shares of the Issuer's Common Stock. Accordingly, this initial statement on Schedule 13D also serves as an exit filing for the Reporting Persons. These percentages were calculated based on 392,902,096 shares of Common Stock outstanding, which is the sum of 76,751,920 shares of Common Stock outstanding as of September 25, 2025, according to the Issuer's Form S-3 filed with the Securities and Exchange Commission (the "SEC") on September 29, 2025, plus 316,150,176, which is the number of new shares of Common Stock issued in connection with the early settlement of the Issuer's Exchange Offer on October 15, 2025, according to the Issuer's current report on Form 8-K filed with the SEC on October 15, 2025. Because the new Notes can currently only be settled in cash and, even after the Requisite Stockholder Approval is obtained, the Issuer's Settlement Method Election allows the Issuer to elect to settle the new Notes in cash, the Reporting Persons do not currently, and will not after Requisite Stockholder Approval is obtained, have the right to acquire any shares of Common Stock upon conversion of the new Notes. Accordingly, the Reporting Persons have not included any shares of Common Stock that may, only at the Issuer's discretion, be issued upon conversion of the new Notes in their beneficial ownership reported herein.
None of the Reporting Persons have sole power to vote or to direct the vote, or sole power to dispose or to direct the disposition of, the shares of the Issuer's Common Stock reported on this Schedule. As of October 15, 2025, the Reporting Persons may have been deemed to share the power to vote or to direct the vote, and power to dispose or to direct the disposition of, 22,454,083 shares of the Issuer's Common Stock. As of October 17, 2025, the Reporting Persons may be deemed to share the power to vote or to direct the vote, and power to dispose or to direct the disposition of, 18,934,083 shares of the Issuer's Common Stock.
The response to Item 3 of this Schedule 13D is hereby incorporated by reference herein. The additional transactions in the Common Stock effected by the Reporting Persons within the past sixty days are set forth in Exhibit 2 attached hereto. Except as set forth in Item 3 and Exhibit 2 of this Schedule 13D, the Reporting Persons or the executive officers and directors of WTP have not engaged in any transaction with respect to the Common Stock during the 60 days prior to the date of filing of this Schedule 13D.
WFFTL is known to have the right to receive the receipt of dividends from, or the proceeds from the sale of, the Issuer's Common Stock covered by this Schedule that may be deemed to be beneficially owned by the Reporting Persons.
On October 17, 2025, the Reporting Persons ceased to beneficially own more than 5% of the shares of Class A Common Stock outstanding.
The response to Item 4 of this Schedule 13D is hereby incorporated by reference herein. On October 22, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 1 and is incorporated by reference herein. Other than as described herein, there are no contracts, arrangements, understandings, or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
Exhibit Description Exhibit 1 - Joint Filing Agreement Exhibit 2 - Schedule of Transactions Exhibit 3 - New Convertible Notes Indenture, dated October 15, 2025, by and between the Issuer and Wilmington Trust, National Association (incorporated by reference to Exhibit 10.1 to the Issuer's current report on Form 8-K filed with the SEC on October 15, 2025) Exhibit 4 - Transaction Support Agreement, dated September 29, 2025, by and among the Issuer and the Supporting Holders (incorporated by reference to Exhibit 10.1 to the Issuer's current report on Form 8-K filed with the SEC on September 29, 2025) Exhibit 5 - Form of Voting Agreement, by and among the Issuer and each of the Supporting Holders (incorporated by reference to Exhibit 10.2 to the Issuer's current report on Form 8-K filed with the SEC on September 29, 2025)