Shufen DENG - Nov 19, 2024 Form 4 Insider Report for REED'S, INC. (REED)

Role
Director, 10%+ Owner
Signature
By: /s/ Shufen Deng
Stock symbol
REED
Transactions as of
Nov 19, 2024
Transactions value $
$22,478,074
Form type
4
Date filed
12/6/2024, 04:30 PM
Previous filing
Sep 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED Common Stock Other $22.5M +22.5M +482.21% $1.00 27.1M Nov 19, 2024 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 19, 2024, the Registrant and D&D Source of Life Holding, Ltd ("D&D) entered into an Exchange Agreement, whereby D&D exchanged all obligations due under outstanding notes, for an aggregate of 22,478,074 shares of common stock of the Registrant.
F2 The securities reported herein are held directly by D&D. Shufen Deng is the sole shareholder and director of D&D and may be deemed to beneficially own the securities reported herein.
F3 Shufen Deng disclaims beneficial ownership of the securities reported herein except to the extent of her pecuniary interest therein.