Investigators said Reynolds was the one pointing the gun, according to reports.
A struggle ensued as one of the men tried to grab the weapon, which fired and hit Reynolds. She was taken to Houston Medical Center, where she died, the station reported.
There was no indication of the type of gun used nor where Reynolds was wounded.
After an investigation, Cody was taken into custody on charges of being a party to aggravated assault, attempted armed robbery and felony murder, WMAZ reported.
The men have not been charged in the case.