Item 1.02. Termination of a Material Definitive Agreement.

On April 27, 2026, Beam Global (the "Company") received written notice from PNN Holdings, LP (the "Landlord") that the Landlord had exercised its right to terminate the lease for the Company's headquarters located at 5660 Eastgate Drive, San Diego, California 92121 (the "Lease"). The Lease, which was extended on January 26, 2026, and was scheduled to expire on September 30, 2026, will now terminate on July 26, 2026. The termination will not result in any material early termination penalties to the Company, and the Company does not expect to have any material ongoing obligations under the Lease following the termination date. The Company is evaluating its options with respect to its headquarters' location and does not expect the termination to have a material adverse effect on its operations. The Company has additional factory locations in Chicago, Illinois; Belgrade and Kraljevo in Serbia; and a sales and administration office in Abu Dhabi, United Arab Emirates.