John Bello - 07 Mar 2024 Form 4 Insider Report for REED'S, INC. (REED)

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	07 Mar 2024	common stock	200,000	$300000.00	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.