Jeffrey D. Anderson - 03 Sep 2021 Form 4 Insider Report for JONES SODA CO (JSDA)

Role: Director
Signature: /s/ Joe Culp, Attorney-In-Fact
Issuer symbol: JSDA
Transactions as of: 03 Sep 2021
Net transactions value: -$22,000
Form type: 4
Filing time: 09 Sep 2021, 17:00:28 UTC
Next filing: 14 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JSDA	Common Stock	Options Exercise	$9,000	+20,000	+10%	$0.4500	220,301	03 Sep 2021	Direct	F1
transaction	JSDA	Common Stock	Sale	$22,000	-20,000	-9.1%	$1.10^*	200,301	03 Sep 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JSDA	Stock Option (right to buy)	Options Exercise	$9,000	-20,000	-51%	$0.4500	19,583	03 Sep 2021	Common Stock	20,000	$0.4500	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents partial exercise of vested Stock Option (right to buy).
F2	Represents sale of partial exercise of vested Stock Option (right to buy). The 20,000 shares were sold in 8 separate sale transactions, all at the price of $1.10 per share.
F3	Represents partial exercise of Stock Option (right to buy) that was fully vested as of August 1, 2018. After reported exercise, 19,583 vested shares remain.