Mark Murray - May 27, 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
Pres & Chief Executive Officer, Director
Signature
/s/ Joe Culp, Attorney-In-Fact Mark Murray
Stock symbol
JSDA
Transactions as of
May 27, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 03:32 PM
Previous filing
May 19, 2022
Next filing
Aug 17, 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 +1.8M $0.00 1.8M May 27, 2022 Common Stock 1.8M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of the issuer's common stock on the applicable vesting date.
F2 The RSUs vest into shares of the issuer's common stock on a one-for-one basis in accordance with the following vesting schedule: 600,000 RSUs on August 15, 2022, 600,000 RSUs on May 15, 2023 and the remaining 600,000 RSUs on August 15, 2024. All RSUs will immediately vest upon the occurrence of a "Change in Control" as defined in the issuer's 2022 Omnibus Equity Incentive Plan.