Risk Factors Update Summary

• Total U.S. retail outlets unique to Beyond Meat Jerky increased from approximately 44,000 to 2,300.
• Operating expenses decreased from $366.1 million in 2022 to $338.1 million in 2023.
• Introduced new Beyond IV platform with anticipated rollout in spring 2024.
• Net losses decreased from $182.8 million in 2022 to $52.1 million in 2023.
• Beyond Meat Jerky product line discontinued in 2023, with distribution responsibilities assumed in Q4.
• Plan to increase product prices to improve profitability and offset cost increases.
• Workforce reductions implemented, affecting approximately 8% of the global workforce in November 2023.
• Volume of products sold decreased by 8.1% in 2023, impacting sales and profitability.
• Increased investment in manufacturing facilities in China and Europe to optimize production capacity.
• Depreciation expense decreased by $21.0 million in 2023 due to a change in accounting estimate.
• Expanded patent portfolio from 3 to 10 issued patents outside the US.
• Increased aggregate offering price of common stock to $200.0 million.
• Gross revenues decreased by $45.9 million in 2023, representing an 18.0% decrease from the prior year.
• Pending patent applications reduced from 8 to 5 internationally.
• Workforce reduced by approximately 65 employees in 2023, impacting operating expenses.
• Beyond Burger accounted for 50% of gross revenues in 2022, down from 55% in 2021.
• Increased restricted cash from $205 million to $322 million, securing letters of credit.