<SUBMISSION>
<ACCESSION-NUMBER>0001047469-05-011470
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050426
<ITEMS>1.01
<ITEMS>7.01
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20050427
<DATE-OF-FILING-DATE-CHANGE>20050426
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>OVERSTOCK COM INC
<CIK>0001130713
<ASSIGNED-SIC>5961
<IRS-NUMBER>870634302
<STATE-OF-INCORPORATION>UT
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-49799
<FILM-NUMBER>05774343
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6322 SOUTH 3000 EAST
<STREET2>STE 100
<CITY>SALT LAKE CITY
<STATE>UT
<ZIP>84121
<PHONE>8019473100
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6322 SOUTH 3000 EAST
<STREET2>STE 100
<CITY>SALT LAKE CITY
<STATE>UT
<ZIP>84121
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2156798z8-k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML>
<HEAD>
</HEAD>
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<BR>
<FONT SIZE=3 ><A HREF="#05DEN1807_1">QuickLinks</A></FONT>
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<P ALIGN="CENTER"><FONT SIZE=5><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>FORM 8-K  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B>CURRENT REPORT<BR>  </B></FONT><FONT SIZE=2><B>Pursuant to Section&nbsp;13 or 15(d)&nbsp;of<BR>
the Securities Exchange Act of 1934  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> April&nbsp;26, 2005<BR>  </B></FONT><FONT SIZE=2>Date of Report (date of earliest event reported) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>Overstock.com,&nbsp;Inc.<BR>  </B></FONT><FONT SIZE=2>(Exact name of Registrant as specified in its charter) </FONT></P>

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<TD WIDTH="31%" ALIGN="CENTER"><FONT SIZE=2><B>Delaware</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="31%" ALIGN="CENTER"><FONT SIZE=2><B>000-49799</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="31%" ALIGN="CENTER"><FONT SIZE=2><B>87-0634302</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="31%" ALIGN="CENTER"><FONT SIZE=2>(State or other jurisdiction of incorporation or organization)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="31%" ALIGN="CENTER"><FONT SIZE=2>(Commission<BR>
File Number)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="31%" ALIGN="CENTER"><FONT SIZE=2>(I.R.S. Employer<BR>
Identification Number)</FONT></TD>
</TR>
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<P ALIGN="CENTER"><FONT SIZE=2><B>6322 South 3000 East, Suite&nbsp;100<BR>
Salt Lake City, Utah 84121<BR>  </B></FONT><FONT SIZE=2>(Address of principal executive offices) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>(801)&nbsp;947-3100<BR>  </B></FONT><FONT SIZE=2>(Registrant's telephone number, including area code) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>(Former
name or former address, if changed since last report) </FONT></P>


<P><FONT SIZE=2>Check
the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></DT><DD><FONT SIZE=2>Written
communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></DT><DD><FONT SIZE=2>Soliciting
material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></DT><DD><FONT SIZE=2>Pre-commencement
communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></DT><DD><FONT SIZE=2>Pre-commencement
communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></DD></DL>
<HR NOSHADE>
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NAME="page_dc1807_1_2"> </A> </FONT></P>

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<P><FONT SIZE=2><A
NAME="dc1807_item_1.01_entry_into_a_material_definitive_agreement"> </A>
<A NAME="toc_dc1807_1"> </A>
<BR></FONT><FONT SIZE=2><B>Item 1.01 Entry into a Material Definitive Agreement    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;26, 2005, the stockholders of Overstock.com,&nbsp;Inc. (the "Company") voted to approve the adoption of the Overstock.com,&nbsp;Inc. 2005
Equity Incentive Plan (the "Plan"), a copy of which is filed as an exhibit hereto. Executive officers, including named executive officers (as defined in Item 402(a)(3)&nbsp;of
Regulation&nbsp;S-K) of the Company, and non-employee directors of the Company may receive awards under the Plan. Under the Plan, the Board or Compensation Committee will be
able to grant restricted stock, stock appreciation rights, performance shares, performance units and deferred stock units as well as incentive and nonstatutory stock options. The Plan specifies a
number of performance criteria that may be used in establishing specific targets to be attained as a condition to the vesting of one or more stock issuances or other stock-based awards under the Plan
to qualify the compensation attributable to those awards as performance-based compensation for purposes of Section&nbsp;162(m) of the Internal Revenue Code. </FONT></P>

<P><FONT SIZE=2><A
NAME="dc1807_item_7.01_regulation_fd_disclosure"> </A>
<A NAME="toc_dc1807_2"> </A>
<BR></FONT><FONT SIZE=2><B>Item 7.01 Regulation FD Disclosure    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth in Item 8.01 hereof is incorporated by reference herein. </FONT></P>

<P><FONT SIZE=2><A
NAME="dc1807_item_8.01_other_events"> </A>
<A NAME="toc_dc1807_3"> </A>
<BR></FONT><FONT SIZE=2><B>Item 8.01 Other Events    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;26, 2005, Overstock.com,&nbsp;Inc. issued a press release announcing that its board of directors had authorized an increase of its previously
announced three-year stock repurchase program from the original $50&nbsp;million up to a total of $100&nbsp;million, for the purpose of mitigating dilution from outstanding options,
warrants and other convertible instruments. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
shares may be repurchased from time to time in open market transactions or otherwise, subject to market conditions and other factors, including blackout periods imposed by the
Company, during which the Company prohibits its insiders and employees from trading in the Company's stock. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
press release also announced that the Company has filed a shelf registration statement with the Securities and Exchange Commission and that the shelf registration statement has
become effective. The press release stated that it shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of securities in any
state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, and that any offer will be made only by means of a
prospectus, including a prospectus supplement, forming a part of the effective registration statement </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
press release also announced the re-election of Allison H. Abraham to the Company's Board of Directors. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
copy of the press release is filed as an exhibit hereto. </FONT></P>

<P><FONT SIZE=2><A
NAME="dc1807_item_9.01_financial_statements_and_exhibits"> </A>
<A NAME="toc_dc1807_4"> </A>
<BR></FONT><FONT SIZE=2><B>Item 9.01 Financial Statements and Exhibits    <BR>    </B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>Exhibits.
</FONT></DD></DL>
<BR>

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<TD WIDTH="11%"><FONT SIZE=2>Exhibit&nbsp;10.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="86%"><FONT SIZE=2>Overstock.com,&nbsp;Inc. 2005 Equity Incentive Plan (incorporated by reference to Appendix B to the Company's definitive proxy statement filed with the SEC on March&nbsp;29, 2005)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="11%"><FONT SIZE=2><BR>
Exhibit&nbsp;99.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="86%"><FONT SIZE=2><BR>
Press release dated April&nbsp;26, 2005</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<BR></FONT><FONT SIZE=2><B>SIGNATURE    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </FONT></P>

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&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OVERSTOCK.COM, INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID K. CHIDESTER</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> David K. Chidester<BR>
Senior Vice President, Finance</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Date: April&nbsp;26, 2005</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<BR>
<P><br><A NAME="05DEN1807_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_dc1807_1">Item 1.01 Entry into a Material Definitive Agreement</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dc1807_2">Item 7.01 Regulation FD Disclosure</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dc1807_3">Item 8.01 Other Events</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dc1807_4">Item 9.01 Financial Statements and Exhibits</A></FONT><BR>
</UL>
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<FONT SIZE=2><A HREF="#toc_jc1807_1">SIGNATURE</A></FONT><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2156798zex-99_1.htm
<DESCRIPTION>EX 99.1
<TEXT>
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 99.1  </B></FONT></P>

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<TD WIDTH="32%"><FONT SIZE=2><B>For Immediate Release</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><B>Media Contact:</B></FONT><FONT SIZE=2><BR>
Scott Blevins<BR>
Overstock.com,&nbsp;Inc.<BR>
+1 (801) 947-3133<BR>
sblevins@overstock.com</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><BR><FONT SIZE=2><B>Investor Contact:</B></FONT><FONT SIZE=2><BR>
Kathryn Huang Hadley<BR>
Overstock.com,&nbsp;Inc.<BR>
+1 (801) 947-3282<BR>
khuang@overstock.com</FONT></TD>
</TR>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ma1807_overstock.com,_inc._announces___ove05521"> </A>
<A NAME="toc_ma1807_1"> </A>
<BR></FONT><FONT SIZE=2><B>Overstock.com,&nbsp;Inc. Announces<BR>  Increased Stock Repurchase Program,<BR>  Shelf Registration Statement and<BR>  Re-Election of Allison H. Abraham to the Board    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SALT LAKE CITY, April&nbsp;26, 2005&#151;Overstock.com,&nbsp;Inc. (Nasdaq: OSTK) today announced that its board of directors has authorized an increase
of its previously announced three-year stock repurchase program. The board authorized an increase from the original $50&nbsp;million repurchase program to a total of up to
$100&nbsp;million, for the purpose of mitigating dilution from outstanding options, warrants and other convertible instruments. The shares under this increased amount may be repurchased from time to
time in open market transactions or otherwise, subject to market conditions and other factors, including blackout periods imposed by Overstock.com, during which the Company prohibits its insiders and
employees from trading in the Company's stock. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
a meeting with analysts this late afternoon, management commented that gross margins have been trending up during the first few weeks of the second quarter and that sales have begun
to pick up again after a sluggish first three weeks of April. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overstock.com
also today announced that in accordance with its previously announced intentions, it has filed a shelf registration statement with the Securities and Exchange Commission
which would allow Overstock.com to issue and sell up to $500&nbsp;million aggregate public offering price of debt and/or equity securities, including (i)&nbsp;senior debt securities;
(ii)&nbsp;subordinated debt securities; (iii)&nbsp;shares of preferred stock; (iv)&nbsp;shares of common stock; (v)&nbsp;warrants to purchase debt securities, preferred stock and/or common
stock; (vi)&nbsp;stock purchase contracts, (vii)&nbsp;units, and (viii)&nbsp;any combination or variation of any of the foregoing, and that the registration statement has become effective. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overstock.com
believes that financial flexibility is important and that it is prudent capital management to have a shelf registration statement in place should the need or opportunity to
raise capital on attractive terms arise, just as it believes that it is prudent capital management to have its increased stock repurchase program in place. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
registration statement relating to the securities described above has been filed with the Securities and Exchange Commission and has become effective. This announcement shall not
constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any such state. Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of
the effective registration statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overstock.com
also announced that its stockholders had re-elected Allison H. Abraham to the Board of Directors at their annual meeting. Ms.&nbsp;Abraham has been a director
of Overstock.com since 2002. She is currently a consultant to several early stage technology companies, and has previously served as President of LifeMinders,&nbsp;Inc., an online direct marketing
company, and as Chief Operating Officer of iVillage&nbsp;Inc., an online media company. </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Allison
is a tremendous resource for us, and has been a terrific member of our Board," said Patrick Byrne, Overstock.com's chairman and president. "We are truly fortunate to have her on
our Board of Directors, and I am delighted that she will be continuing to guide us in the&nbsp;years to come." </FONT></P>

<P><FONT SIZE=2><B>About Overstock.com  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overstock.com&nbsp;Inc. is an online "closeout" retailer, offering discount, brand-name merchandise for sale over the Internet, as well as an online
auction site. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overstock.com
is a registered trademark of Overstock.com,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2><B>Cautionary Statement Regarding Forward-Looking Statements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This press release contains statements that are "forward-looking statements" within the meaning of Section&nbsp;27A of the Securities Act of 1933, as amended,
and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements"
for purposes of these provisions. These forward-looking statements include Overstock.com's statements about its possible repurchases of shares of its common stock, as well as its statements about any
securities offerings Overstock.com may subsequently elect to make in connection with the registration statement described above. Overstock.com's business is subject to the risks described in our
Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2004 and all of our subsequent and other filings with the Securities and Exchange Commission. Overstock.com's
annual, quarterly and other filed reports are available over the Internet at the SEC's web site at http://www.sec.gov. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statements in this press release are made as of April&nbsp;26, 2005 and Overstock.com undertakes no obligation to update any of the forward-looking statements made herein, whether
as a result of new information, future events, changes in expectations or otherwise. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P><br><A NAME="05DEN1807_2">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ma1807_1">Overstock.com, Inc. Announces Increased Stock Repurchase Program, Shelf Registration Statement and Re-Election of Allison H. Abraham to the Board</A></FONT><BR>
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