Joann Tinnelly - Apr 29, 2024 Form 4 Insider Report for REED'S, INC. (REED)

Role
CFO
Signature
/s/ Joann Tinnelly
Stock symbol
REED
Transactions as of
Apr 29, 2024
Transactions value $
$0
Form type
4
Date filed
5/9/2024, 04:05 PM
Previous filing
Apr 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED common stock Purchase +17.3K +83.74% 38K Apr 29, 2024 Direct F1, F2, F4

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 Non-qualified Stock Options Purchase +25.7K 25.7K Apr 29, 2024 common stock 1 $1.30 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Included in Table II, 17,334 shares of common stock underlying non-qualified stock options currently exercisable or exercisable within 60 days granted under the Registrant's 2024 Inducement Plan on March 22, 2024.
F2 Includes shares from Item 1 and 9,691 shares issuable upon exercise of other outstanding stock options that are currently exercisable or exercisable within 60 days.
F3 Non-qualified stock options to purchase 17,334 shares of common stock vest immediately. Non-qualified stock options to purchase 1,243, 1,237 and 1,234 vest on March 28, 2025, March 28, 2026 and March 28, 2027, respectively, subject to satisfaction of performance based criteria. Non-qualified stock options to purchase 902, 1,237, 1,237, and 1,237 shares of common stock vest on September 16, 2024, March 31, 2025, March 31, 2026 and March 31, 2027, respectively.
F4 Grant by Registrant of employee non-qualified stock options under the Registrant's 2024 Inducement Plan.