Doherty Daniel Joseph III 4
4 · REED'S, INC. · Filed Apr 22, 2020
Insider Transaction Report
Form 4
REED'S, INC.REED
Doherty Daniel Joseph III
Director10% Owner
Transactions
- Award
stock option
2020-04-22+50,000→ 50,000 totalExercise: $0.50Exp: 2030-03-25→ common stock (50,000 underlying)
Holdings
- 20,000
common stock
- 2,469,314(indirect: See footnote)
common stock
Footnotes (3)
- [F1]These securities are held by Rapter/Harbor Reeds SPV LLC, a limited liability company ("Raptor") in which the Reporting Person holds a significant membership interest. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary intrest in Raptor. Excludes 3,143,333 shares of common stock issuable upon exercise of currently-exercisable warrants held by Raptor and 2,266,667 shares of common stock issuable upon conversion of the Issuer's Convertible Non-Redeemable Secured Promissory Note in the original principal amount of $3,400,000 in favor of Raptor.
- [F2]Option to purchase 12,500 shares of common stock vested immediately, remainder vesting in increments of 12,500 on each of May 1, 2020, August 1, 2020 and November 1, 2020
- [F3]Stock option grant