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

Role
Director
Signature
/s/ Joe Culp, Attorney-In-Fact For Alex Spiro
Stock symbol
JSDA
Transactions as of
May 27, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 03:33 PM
Previous filing
May 24, 2022
Next filing
Mar 7, 2024

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 +420K $0.00 420K May 27, 2022 Common Stock 420K 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.