Christopher Scott Burleson - 29 Apr 2024 Form 4 Insider Report for REED'S, INC. (REED)

Role
CCO
Signature
/s/ Christopher Burleson
Issuer symbol
REED
Transactions as of
29 Apr 2024
Net transactions value
$0
Form type
4
Filing time
10 Jun 2024, 21:15:14 UTC
Previous filing
01 Dec 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 +5,209 +22% 29,369 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 +21,818 21,818 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, 5,209 shares of common stock underlying non-qualified stock options granted under the Registrant's 2024 Inducement Plan, which are currently exercisable or will be exercisable within 60 days
F2 Includes shares from Item 1.
F3 Non-qualified stockqualified stock options to purchase 5,209 shares of common stock vest immediately.Non-qualified stock options to purchase 2,974, 2,727 and 2,727 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 2,727, 2,727, and 2,727 shares of common stock vest on May 1, 2025, May 1, 2026 and May 1, 2027 respectively.
F4 Grant by Registrant of employee non-qualified stock options under the Registrant's 2024 Inducement Plan.