4//SEC Filing
Union Square Park Capital Management, LLC 4
Accession 0001493152-23-019839
CIK 0001140215other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 5:15 PM ET
Size
14.6 KB
Accession
0001493152-23-019839
Insider Transaction Report
Form 4
REED'S, INC.REED
Zaltzman Leon Michael
Director10% OwnerOther
Transactions
- Purchase
common stock
2023-05-25+193,424→ 699,494 total(indirect: SEE FOOTNOTES) - Purchase
Warrant
2023-05-25+1→ 1 total(indirect: SEE FOOTNOTES)Exercise: $2.50From: 2023-05-25Exp: 2026-05-25→ common stock (38,685 underlying)
Union Square Park Partners, LP
Director10% OwnerOther
Transactions
- Purchase
Warrant
2023-05-25+1→ 1 total(indirect: SEE FOOTNOTES)Exercise: $2.50From: 2023-05-25Exp: 2026-05-25→ common stock (38,685 underlying) - Purchase
common stock
2023-05-25+193,424→ 699,494 total(indirect: SEE FOOTNOTES)
Union Square Park Capital Management, LLC
Director10% OwnerOther
Transactions
- Purchase
Warrant
2023-05-25+1→ 1 total(indirect: SEE FOOTNOTES)Exercise: $2.50From: 2023-05-25Exp: 2026-05-25→ common stock (38,685 underlying) - Purchase
common stock
2023-05-25+193,424→ 699,494 total(indirect: SEE FOOTNOTES)
Union Square Park GP, LLC
Director10% OwnerOther
Transactions
- Purchase
common stock
2023-05-25+193,424→ 699,494 total(indirect: SEE FOOTNOTES) - Purchase
Warrant
2023-05-25+1→ 1 total(indirect: SEE FOOTNOTES)Exercise: $2.50From: 2023-05-25Exp: 2026-05-25→ common stock (38,685 underlying)
Footnotes (4)
- [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.
- [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.
- [F3]Purchase in issuer's PIPE transaction at a price of $2.585 per share plus 1/5 warrant. Warrant contains 19.9% blocker which may be removed by holder upon 60 days' notice to issuer.
- [F4]Includes 145,828 shares issuable upon exercise of warrants.
Documents
Issuer
REED'S, INC.
CIK 0001140215
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001666231
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 5:15 PM ET
- Size
- 14.6 KB