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As filed with the Securities and Exchange Commission on May 20, 2004

Registration No. 333-            



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933


OVERSTOCK.COM, INC.
(Exact name of Registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
  6322 South 3000 East, Suite 100
Salt Lake City, Utah 84121
(801) 947-3100
(Address, including zip code, of Registrant's principal executive offices)
  87-0634302
(I.R.S. Employer
Identification Number)



2002 Stock Option Plan, as amended
(Full title of the plan)


Jonathan E. Johnson III
General Counsel and Vice President, Strategic Projects
6322 South 3000 East, Suite 100
Salt Lake City, Utah 84121
(801) 947-3100
(Name, address, and telephone number, including area code, of agent for service)



Copies to:
Thomas W. Adkins
Bracewell & Patterson, L.L.P.
111 Congress, Suite 2300
Austin, TX 78701

CALCULATION OF REGISTRATION FEE


Title of Each Class of
Securities to be Registered

  Amount to
be Registered(1)

  Proposed Maximum
Offering Price
Per Share(2)

  Proposed Maximum
Aggregate
Offering Price

  Amount of
Registration Fee


Common Stock, $0.0001 par value: To be issued under the 2002 Stock Option Plan, as amended   1,000,000 shares   $31.30   $31,300,000   $3,966

(1)
This Registration Statement shall also cover any additional shares of Common Stock which become issuable under the 2002 Stock Option Plan by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration that results in an increase in the number of the Registrant's outstanding shares of Common Stock.

(2)
The proposed maximum offering price per share has been estimated in accordance with Rule 457(c) under the Securities Act of 1933, as amended (the "Securities Act") as to the 1,000,000 additional shares of Common Stock authorized for issuance pursuant to the 2002 Stock Option Plan, solely for the purpose of calculating the registration fee. No options have been granted with respect to such shares. The computation is based upon the average of the high and low price of the Common Stock as reported on the Nasdaq National Market on May 18, 2004, because the price at which the options to be granted in the future may be exercised is not currently determinable.





PART II: INFORMATION REQUIRED IN REGISTRATION STATEMENT


Explanatory Note

        This Registration Statement on Form S-8 is being filed for the purpose of registering an additional 1,000,000 shares of the Registrant's Common Stock to be issued pursuant to the Registrant's 2002 Stock Option Plan, as amended (the "Plan"). In accordance with General Instruction E to Form S-8, the contents of the Registrant's Form S-8 Registration Statement filed with the Securities and Exchange Commission on June 6, 2002 (Commission File No. 333-89890) relating to the Plan are incorporated herein by reference.


Item 8. Exhibits.

        The Exhibits listed on the accompanying Index to Exhibits are filed as part hereof, or incorporated by reference into, this Registration Statement. (See Index to Exhibits below).

II-1



SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Salt Lake City, State of Utah, on this 20th day of May 2004.


 

 

OVERSTOCK.COM, INC.

 

 

By:

 

/s/  
DAVID K. CHIDESTER      
David K. Chidester
Vice President, Finance


POWER OF ATTORNEY

        KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Patrick M. Byrne, David K. Chidester and Jonathan E. Johnson III, and each of them, as his or her attorney-in-fact, with full power of substitution in each, for him or her in any and all capacities, to sign any amendments to this Registration Statement on Form S-8 and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his/her substitute or substitutes, may do or cause to be done by virtue hereof.

        Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signature
  Title
  Date

 

 

 

 

 
/s/  PATRICK M. BYRNE      
(Patrick M. Byrne)
  President and Chairman of the Board of Directors (Principal Executive Officer)   May 20, 2004

/s/  
DAVID K. CHIDESTER      
(David K. Chidester)

 

Vice president, Finance (Principal Financial and Accounting Officer)

 

May 20, 2004

/s/  
JOHN J. BYRNE      
(John J. Byrne)

 

Vice Chairman of the Board of Directors

 

May 20, 2004

/s/  
GORDON S. MACKLIN      
(Gordon S. Macklin)

 

Director

 

May 20, 2004

/s/  
ALLISON H. ABRAHAM      
(Allison H. Abraham)

 

Director

 

May 20, 2004

/s/  
JOHN A. FISHER      
(John A. Fisher)

 

Director

 

May 20, 2004

II-2



OVERSTOCK.COM, INC.
REGISTRATION STATEMENT ON FORM S-8
INDEX TO EXHIBITS

Exhibit
Number

  Documents
4.1   Overstock.com, Inc. 2002 Stock Option Plan, as amended(1)

5.1

 

Opinion of counsel as to legality of securities being registered

23.1

 

Consent of Counsel (contained in Exhibit 5.1)

23.2

 

Independent Auditors' Consent

24.1

 

Power of Attorney (see page II-2)

(1)
Incorporated by reference to Exhibit 99.6 to the Registrant's Form 8-K filed with the SEC on May 7, 2004.

II-3




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PART II: INFORMATION REQUIRED IN REGISTRATION STATEMENT
Explanatory Note
SIGNATURES
POWER OF ATTORNEY
OVERSTOCK.COM, INC. REGISTRATION STATEMENT ON FORM S-8 INDEX TO EXHIBITS

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Exhibit 5.1

May 20, 2004

Overstock.com, Inc.
6322 South 3000 East, Suite 100
Salt Lake City, Utah 84121

        Re: Registration Statement on Form S-8

Ladies and Gentlemen:

        We have examined the Registration Statement on Form S-8 to be filed by you with the Securities and Exchange Commission on or about May 20, 2004 (the "Registration Statement") in connection with the registration under the Securities Act of 1933, as amended, of the offer and sale of 1,000,000 additional shares of your Common Stock (the "Shares") under your 2002 Stock Option Plan, as amended.

        As your counsel in connection with this transaction, we have examined the proceedings taken and are familiar with the proceedings proposed to be taken by you in connection with the issuance and sale of the Shares pursuant to the Plan. It is our opinion that, when issued and sold in the manner described in the Plan and pursuant to the agreement that accompanies each grant under the Plan, the Shares will be legally and validly issued, fully-paid and non-assessable.

        We consent to the use of this opinion as an exhibit to the Registration Statement, and further consent to the use of our name wherever appearing in the Registration Statement and any amendments thereto.




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Exhibit 23.2


CONSENT OF INDEPENDENT ACCOUNTANTS

        We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 20, 2004, except for Note 20, as to which the date is May 7, 2004, relating to the financial statements of Overstock.com, Inc. as of December 31, 2002 and 2003 and for each of the three years in the period ended December 31, 2003, which appear in the Registration Statement on Form S-3, as supplemented May 13, 2004.

PricewaterhouseCoopers LLP

Salt Lake City, Utah
May 20, 2004





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CONSENT OF INDEPENDENT ACCOUNTANTS