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

Role: Director
Signature: /s/ Joe Culp, Attorney-in-Fact for Jamie Colbourne
Stock symbol: JSDA
Transactions as of: Dec 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/4/2023, 06:40 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	-250K	-38.46%	$0.00	400K	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 250,000 shares of the Issuer's common stock previously issued to Reporting Person as a result of the vesting of 250,000 RSUs in August 2022. The cancellation of those shares of common stock is reported in this Form 4.

Content

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 250,000 shares of the Issuer's common stock previously issued to Reporting Person as a result of the vesting of 250,000 RSUs in August 2022. The cancellation of those shares of common stock is reported in this Form 4.