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

Signature
By: /s/ Shufen Deng
Issuer symbol
REED
Transactions as of
19 Nov 2024
Net transactions value
+$22,478,074
Form type
4
Filing time
06 Dec 2024, 16:30:35 UTC
Previous filing
13 Sep 2024
Next filing
28 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REED Common Stock Other $22,478,074 +22,478,074 +482% $1.00 27,139,519 19 Nov 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.