Chad Bronstein - 27 May 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
Director
Signature
/s/ Joe Culp, Attorney-In-Fact For Chad Bronstein
Issuer symbol
JSDA
Transactions as of
27 May 2022
Net transactions value
$0
Form type
4
Filing time
02 Jun 2022, 15:33:02 UTC
Previous filing
24 May 2022
Next filing
17 Feb 2023
SEC
View on sec.gov

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 +420,000 $0.000000 420,000 27 May 2022 Common Stock 420,000 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: 140,000 RSUs on February 15, 2023, 140,000 RSUs on February 15, 2024 and the remaining 140,000 RSUs on February 15, 2025. All RSUs will immediately vest upon the occurrence of a "Change in Control" as defined in the issuer's 2022 Omnibus Equity Incentive Plan.