SOL Global Investments Corp. - Feb 9, 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role: 10%+ Owner
Signature: /s/ Andrew DeFrancesco
Stock symbol: JSDA
Transactions as of: Feb 9, 2022
Transactions value $: $2,415,000
Form type: 4
Date filed: 2/14/2022, 01:35 PM
Previous filing: Feb 1, 2022
Next filing: Apr 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JSDA	Common Shares	Options Exercise	$2.42M	+4.83M	+59.73%	$0.50	12.9M	Feb 9, 2022	SOL Verano Blocker 1 LLC	F1, F2
holding	JSDA	Common Shares						281K	Feb 9, 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	$2.42M	+4.83M		$0.50	4.83M	Feb 9, 2022	Common Shares	4.83M		SOL Verano Blocker	F1, F2
transaction	JSDA	Subscription Receipts	Options Exercise	-$2.42M	-4.83M	-100%	$0.50	0	Feb 9, 2022	Common Shares	4.83M		SOL Verano Blocker	F1, F2
transaction	JSDA	Warrants	Options Exercise		+4.83M			4.38M	Feb 9, 2022	Common Shares	4.83M	$0.60	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.