Form 4: Reed's Inc. CCO Christopher Burleson Reports Stock Option Grant and Purchase of Common Stock

Christopher Burleson, CCO of Reed's Inc., reports the acquisition of stock options and common stock under the company's 2024 Inducement Plan.

Summary

• On April 29, 2024, Christopher Burleson, the Chief Commercial Officer (CCO) of Reed's Inc., engaged in transactions involving the company's stock.
• Burleson acquired 5,209 shares of common stock and non-qualified stock options to purchase 21,818 shares of common stock.
• The stock options were granted under the Registrant's 2024 Inducement Plan.
• Following these transactions, Burleson beneficially owns 29,369 shares of Reed's Inc. common stock.
• Some of the non-qualified stock options vest immediately, while others vest on March 28, 2025, March 28, 2026, and March 28, 2027, subject to performance-based criteria.
• Additional non-qualified stock options vest on May 1, 2025, May 1, 2026 and May 1, 2027.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The grant of stock options and purchase of common stock may align the CCO's interests with those of the shareholders, incentivizing performance and company growth.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The reported transactions may have a minor positive impact on shareholder confidence, as it indicates the CCO's investment in the company.

Key Dates