Louis Imbrogno Jr. - Feb 4, 2022 Form 4 Insider Report for REED'S, INC. (REED)

Role
Director
Signature
/s/ Louis Imbrogno, Jr.
Stock symbol
REED
Transactions as of
Feb 4, 2022
Transactions value $
$0
Form type
4
Date filed
4/18/2022, 08:53 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED Common Stock Purchase +107K +33.45% 427K Mar 11, 2022 Direct F1, F3
transaction REED Common Stock Award +80.3K +33.51% 320K Feb 4, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction REED Warrant Purchase +1 1 Mar 11, 2022 Common stock 53.5K $0.29 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Participation in Registrant's private placement of common stock with 50% warrant coverage. Purchase price per share of common stock and warrant to purchase 1/2 share of common stock $0.3502.
F2 Non-employee director grant of 80,344 RSAs, vesting in equal quarterly installments on each of February 4, 2022, May 1, 2022, Aug 1 2022 and November 1, 2022 under the Reed's, Inc. 2020 Equity Incentive Plan, as amended. RSAs are subject to forfeiture prior to vesting.
F3 Includes 80,000 shares issuable upon exercise of currently exercisable options.