Form 4: Shufen Deng Transfers Ownership of Reed's, Inc. Shares Through D&D Source of Life Holding Ltd.

Shufen Deng, a director of Reed's, Inc., transferred ownership of shares held through D&D Source of Life Holding Ltd. to an unaffiliated third party, relinquishing control over those shares.

Summary

• On December 31, 2024, Shufen Deng, a director of Reed's, Inc., transferred ownership of all outstanding equity in D&D Source of Life Holding Ltd. ('D&D') to an entity controlled by an unaffiliated third party.
• As a result of this transfer, Mrs. Deng no longer has voting or dispositive control over the 27,139,519 shares of Reed's, Inc. common stock held by D&D.
• Consequently, she is no longer deemed to beneficially own these shares.
• This transaction was reported on January 28, 2025, via a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This filing reflects changes in beneficial ownership, which is a common occurrence and a routine part of corporate governance and regulatory compliance. It doesn't necessarily indicate a change in the company's overall strategy or performance.

Stakeholder Impact

• The transfer of shares may have a minor impact on shareholders, as it changes the distribution of ownership.
• However, since Mrs. Deng no longer has voting or dispositive control over the shares, the impact is likely minimal.

Key Dates