Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | JSDA | Common Stock | Disposed to Issuer | $0 | -600K | -57.14% | $0.00 | 450K | Dec 30, 2022 | Direct | F1 |
Id | Content |
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F1 | On December 30, 2022, the Reporting Person entered into a rescission agreement (the "Rescission Agreement") with Jones Soda Co. (the "Issuer"). Under the terms of the Rescission Agreement each of the Issuer and Reporting Person agreed to rescind and cancel for no consideration all currently outstanding restricted stock units (the "RSUs") previously granted to the Reporting Person in May 2022 as well as all 600,000 shares of the Issuer's common stock previously issued to Reporting Person as a result of the vesting of 600,000 RSUs in August 2022. The cancellation of those shares of common stock is reported in this Form 4. |