Mark Murray - May 15, 2023 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
President and CEO, Director
Signature
/s/ Joe Culp, Attorney-in-Fact for Mark Murray
Stock symbol
JSDA
Transactions as of
May 15, 2023
Transactions value $
-$48,000
Form type
4
Date filed
5/17/2023, 04:18 PM
Previous filing
Feb 17, 2023
Next filing
Jun 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JSDA Common Stock Options Exercise +600K +74.07% 1.41M May 15, 2023 Direct F1
transaction JSDA Common Stock Tax liability -$48K -240K -17.02% $0.20 1.17M May 15, 2023 Direct F2

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 Options Exercise $0 -600K -50% $0.00 600K May 15, 2023 Common Stock 600K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the settlement of restricted stock units (RSUs) in shares of common stock on their scheduled vesting date.
F2 The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of RSUs. These shares were not sold by the reporting person.
F3 Each RSU represents a contingent right to receive (1) share of the issuer's common stock upon settlement.
F4 The reporting person was granted 1,800,000 RSUs on February 15, 2023 that vest into shares of the issuer's common stock on a one-for-one basis in accordance with the following vesting schedule: 600,000 RSUs on February 15, 2023, 600,000 RSUs on May 15, 2023, and the remaining 600,000 RSUs on August 15, 2024.