Bello John 4/A
4/A · REED'S, INC. · Filed Apr 4, 2024
Insider Transaction Report
Form 4/AAmended
REED'S, INC.REED
Bello John
Director
Transactions
- Purchase
SAFE
2024-03-07+1→ 1 totalExercise: $300000.00→ common stock (200,000 underlying)
Footnotes (4)
- [F1]Reporting Person funded $300,000 to Issuer through a Simple Agreements for Future Equity ("SAFE") investment. The SAFE investment will convert into the next equity shares underlying SAFE, as it is expected to convert within 60 days.
- [F2]The SAFE investment will convert into the next equity financing of Issuer on the same terms and conditions as investors in Issuer's next equity financing (expected within 60 days).
- [F3]No expiration -mandatory conversion.
- [F4]Calculation of underlying shares of 200,000 is an estimate based on the $1.50 cap and is subject to change depending on the pricing in the next equity financing.