John Bello - 10 Sep 2024 Form 4 Insider Report for REED'S, INC. (REED)

Role
Director
Signature
/s/ John Bello
Issuer symbol
REED
Transactions as of
10 Sep 2024
Net transactions value
+$300,000
Form type
4
Filing time
08 Oct 2024, 06:05:09 UTC
Previous filing
04 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED Common Stock Conversion of derivative security $300,000 +200,000 +340% $1.50 258,776 10 Sep 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person funded $300,000 to Issuer through a Simple Agreements for Future Equity ("SAFE") investment. The investment automatically converted at $1.50 per share upon completion of Issuer's Private Investment in Future Equity transaction.
F2 Includes 58,555 shares underlying currently exercisable warrants and 20 shares underlying currently exercisable stock options. Does not include 359,949 shares beneficially owned that are indirectly held by Reporting Person.