Norman Paul T - Jun 26, 2024 Form 4 Insider Report for JONES SODA CO (JSDA)

Role: Director
Signature: /s/ Joe Culp, Attorney-in-Fact for Paul T. Norman
Stock symbol: JSDA
Transactions as of: Jun 26, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/28/2024, 03:38 PM
Previous filing: Sep 22, 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.

Content

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.

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.