Union Square Park Capital Management, LLC - Sep 10, 2024 Form 4 Insider Report for REED'S, INC. (REED)

Role
10%+ Owner
Signature
/s/ Union Square Park Partners, LP
Stock symbol
REED
Transactions as of
Sep 10, 2024
Transactions value $
$796,808
Form type
4
Date filed
9/24/2024, 01:58 PM
Previous filing
Jun 1, 2023
Next filing
Nov 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED common stock Purchase $797K +531K +75.94% $1.50 1.23M Sep 10, 2024 SEE FOOTNOTES F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein are held directly by Union Square Park Partners, LP (the "USPP Fund"). Union Square Park Capital Management, LLC ("USPCM") serves as the investment manager to the USPP Fund. Union Square Park GP, LLC ("USPGP") serves as general partner of the USPP Fund. Leon M. Zaltzman serves as the managing member of each of USPCM and USPGP. The Reporting Persons may have been deemed to beneficially own more than 10% of the Common Stock as of May 31, 2023.. This Form 4 is currently being filed under the CIK of Union Square Park Partners, LP, Union Square Park Capital Management, LLC, Union Square Park GP, LLC and Leon M. Zaltzman.
F2 The filing of this statement shall not be deemed an admission that any of the Reporting Persons are the beneficial owners of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.
F3 Includes 145,828 shares issuable upon exercise of warrant dated 5/25/2023.
F4 Subscribed through automatic conversion of Simple Agreement for Future Equity ("SAFE") investment for the amount of $796,808.