Leon M. Zaltzman - 10 Mar 2022 Form 3 Insider Report for REED'S, INC. (REED)

Reporting relationship: Director, Other*, 10%+ Owner
Issuer ticker: REED
Reported as of: 10 Mar 2022
Net transaction value: $0
SEC form: 3
Accepted by SEC: 23 Mar 2022, 17:20:28 UTC
Source filing: View source filing
Reporting owner signature: /s/ Union Square Park Partners, LP By: /s/ Leon M. Zaltzman, Name: Leon M. Zaltzman, Title: Managing Member of the General Partner

Key filing fact

Leon M. Zaltzman filed Form 3 for REED'S, INC. (REED) on 23 Mar 2022.

Key facts

This page summarizes Leon M. Zaltzman's Form 3 filing for REED'S, INC. (REED).
0 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 23 Mar 2022, 17:20.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

REED holding

Common Stock, $0.0001 par value per share ("Common Stock")

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 18,012,117
Date: 10 Mar 2022
Ownership: See footnotes
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

REED holding Derivative

Warrants (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 10 Mar 2022
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 5,357,143
Exercise price: $0.2877
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.

SEC remarks

The Reporting Persons may have been deemed to beneficially own more than 10% of the Common Stock as of March 10, 2022. Mr. Zaltzman was appointed to the board of directors of the Issuer on March 21, 2022. Each of the USPP Fund, USPCM and USPGP may be deemed to be a director by deputization by virtue of the fact that Mr. Zaltzman currently serves on the board of directors of the Issuer. The information on this Form 3 was first filed with the SEC on March 22, 2022 under the CIK numbers of Union Square Park Partners, LP and Union Square Park Capital Management, LLC as Union Square Park GP, LLC and Leon M. Zaltzman did not have CIK numbers at such time. A copy of such Form 3 is now being filed under the CIK numbers of Union Square Park GP, LLC and Leon M. Zaltzman.