SOL Global Investments Corp. - 09 Feb 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role: 10%+ Owner
Signature: /s/ Andrew DeFrancesco
Issuer symbol: JSDA
Transactions as of: 09 Feb 2022
Net transactions value: +$2,415,000
Form type: 4
Filing time: 14 Feb 2022, 13:35:12 UTC
Previous filing: 01 Feb 2022
Next filing: 19 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JSDA	Common Shares	Options Exercise	$2,415,000	+4,830,000	+60%	$0.5000	12,915,815	09 Feb 2022	SOL Verano Blocker 1 LLC	F1, F2
holding	JSDA	Common Shares						281,345	09 Feb 2022	Direct

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	Subscription Receipts	Purchase	$2,415,000	+4,830,000		$0.5000	4,830,000	09 Feb 2022	Common Shares	4,830,000		SOL Verano Blocker	F1, F2
transaction	JSDA	Subscription Receipts	Options Exercise	$2,415,000	-4,830,000	-100%	$0.5000	0	09 Feb 2022	Common Shares	4,830,000		SOL Verano Blocker	F1, F2
transaction	JSDA	Warrants	Options Exercise		+4,830,000			4,380,000	09 Feb 2022	Common Shares	4,830,000	$0.6000	SOL Verano Blocker	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	SOL Verano Blocker 1 LLC is a wholly-owned subsidiary of the reporting person.
F2	Each $0.50 subscription receipt will be automatically converted into one common share and one common share purchase warrant of the Issuer upon completion of the acquisition of Pinestar Gold Inc., which will occur simultaneously with closing of the subscription receipt offering.