Mark F. Murray - 31 Jul 2025 Form 4 Insider Report for JONES SODA CO. (JSDA)

Role: Director
Signature: /s/ Brian Meadows, Attorney-in-Fact for Mark Murray,
Issuer symbol: JSDA
Transactions as of: 31 Jul 2025
Net transactions value: $0
Form type: 4
Filing time: 29 Jan 2026, 11:52:18 UTC
Previous filing: 21 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Murray Mark F.	Director	1522 WESTERN AVE., SUITE 24150, SEATTLE	/s/ Brian Meadows, Attorney-in-Fact for Mark Murray,	29 Jan 2026	0001824525

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JSDA	Common Stock	Options Exercise		+93,438	+4%		2,406,136	31 Dec 2025	Direct	F1

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	+93,438		$0.000000	93,438	31 Dec 2025	Common Stock	93,438		Direct	F2, F3

* 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	Each RSU represents a contingent right to receive one (1) share of the issuer's common stock upon settlement.
F3	On July 18, 2025, the reporting person was granted 460,003 RSUs, of which 50% vested into shares on July 31, 2025, an additional 25% vested into shares on September 30, 2025, and the remaining 25% are scheduled to vest into shares on December 31, 2025. 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.