John Bello - Mar 7, 2024 Form 4 Insider Report for REED'S, INC. (REED)

Role
CFO
Signature
/s/ John Bello
Stock symbol
REED
Transactions as of
Mar 7, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 04:29 PM
Previous filing
Dec 13, 2023
Next filing
Oct 8, 2024

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 SAFE Purchase +1 1 Mar 7, 2024 common stock 200K $300,000.00 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person funded $300,000 to Issuer through a Simple Agreements for Future Equity ("SAFE") investment. The SAFE investment will convert into the next equity shares underlying SAFE, as it is expected to convert within 60 days.
F2 The SAFE investment will convert into the next equity financing of Issuer on the same terms and conditions as investors in Issuer's next equity financing (expected within 60 days).
F3 No expiration -mandatory conversion.
F4 Calculation of underlying shares of 200,000 is an estimate based on the $1.50 cap and is subject to change depending on the pricing in the next equity financing.