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

Role
CFO
Signature
/s/ Joann Tinnelly
Issuer symbol
REED
Transactions as of
29 Apr 2024
Net transactions value
$0
Form type
4
Filing time
09 May 2024, 16:05:19 UTC
Previous filing
19 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED common stock Purchase +17,334 +84% 38,035 29 Apr 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 +25,661 25,661 29 Apr 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.