Jamie Colbourne - May 13, 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
Director
Signature
/s/ Joe Culp, Attorney-In-Fact For Jamie Colbourne
Stock symbol
JSDA
Transactions as of
May 13, 2022
Transactions value $
$0
Form type
4
Date filed
5/19/2022, 05:11 PM
Previous filing
Mar 3, 2022
Next filing
Jun 2, 2022

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 Restricted Stock Units Award $0 +210K $0.00 210K May 13, 2022 Common Stock 210K Direct F1, F2
transaction JSDA Warrants Award $0 +400K $0.00 400K May 13, 2022 Common Stock 400K $0.05 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert to shares of common stock on a one-for-one-basis.
F2 The restricted stock units vest RSUs vest in equal installments on August 15, 2022, May 15, 2023, and August 15, 2024, respectively, subject to the reporting person continuing to be a member of the Board of Directors as of such date.
F3 The warrants are exercisable into shares of common stock at an exercise price of $0.0602 (Canadian) per share.
F4 The warrants are currently exercisable.