Mark Murray - Dec 30, 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Signature
/s/ Joe Culp, Attorney-in-Fact for Mark Murray
Stock symbol
JSDA
Transactions as of
Dec 30, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 06:37 PM
Previous filing
Aug 17, 2022
Next filing
Feb 17, 2023

Transactions Table

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.