Gregg Reichman - Jun 26, 2024 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
Director
Signature
/s/ Joe Culp, Attorney-in-Fact for Gregg Reichman
Stock symbol
JSDA
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 03:37 PM
Previous filing
Dec 20, 2023
Next filing
Sep 9, 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 +581K $0.00 581K Jun 26, 2024 Common Stock 581K 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 share of Jones Soda common stock. RSUs do not require the holder to pay any consideration on vesting.
F2 On June 26, 2024, the reporting person was granted 581,396 RSUs, of which 50% vest into shares on June 30, 2024, an additional 25% vest into shares on September 30, 2024, and the remaining 25% vest into shares on December 31, 2024. In the event of a change in control, all unvested RSUs will vest immediately. Upon vesting, the reporting person will receive a number of shares of Jones Soda common stock equal to the number of RSUs that vest on that date.