Mark Murray - Jun 30, 2024 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
Director
Signature
/s/ Joe Culp, Attorney-in-Fact for Mark Murray
Stock symbol
JSDA
Transactions as of
Jun 30, 2024
Transactions value $
-$93,030
Form type
4
Date filed
9/9/2024, 04:23 PM
Previous 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 +236K +20.19% 1.41M Jun 30, 2024 Direct F1
transaction JSDA Common Stock Options Exercise +600K +42.67% 2.01M Aug 15, 2024 Direct F1
transaction JSDA Common Stock Tax liability -$93K -210K -10.47% $0.44 1.8M Aug 15, 2024 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 -236K $0.00 $291K Jun 30, 2024 Common Stock 236K Direct F3, F4
transaction JSDA Restricted Stock Units Options Exercise $0 -600K $0.00 $0 Aug 15, 2024 Common Stock 600K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") converted into shares of the issuer's common stock on a one-for-one basis on the vesting date. RSUs do not require the holder to pay any consideration on vesting.
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 one (1) share of the issuer's common stock upon settlement.
F4 On June 26, 2024, the reporting person was granted 472,383 RSUs, of which 50% vested 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 the issuer's common stock equal to the number of RSUs that vest on that date.
F5 The reporting person was granted 1,800,000 RSUs on February 15, 2023 that vested 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.