SOL Global Investments Corp. - Feb 15, 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role
10%+ Owner
Signature
/s/ Andrew DeFrancesco
Stock symbol
JSDA
Transactions as of
Feb 15, 2022
Transactions value $
$12,518
Form type
4
Date filed
4/19/2022, 10:49 AM
Previous filing
Feb 14, 2022
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JSDA Common Shares Conversion of derivative security $2.01M +4.03M +31.16% $0.50 16.9M Feb 15, 2022 SOL Verano Blocker 1 LLC F1, F2
holding JSDA Common Shares 281K Feb 15, 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 Convertible Debenture Conversion of derivative security -$2M 0 Feb 15, 2022 Common Shares $2M $0.50 SOL Verano Blocker 1 LLC F1, F2
transaction JSDA Warrants Conversion of derivative security +4.03M 4.03M Feb 15, 2022 Common Shares 4.03M $0.63 SOL Verano Blocker 1 LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents conversion of $2,000,000 unsecured 5% convertible debenture acquired by SOL Verano Blocker 1 LLC on August 24, 2021, and reported on a Form 3/A filed with the Securities and Exchange Commission on November 12, 2021.
F2 SOl Verano Blocker 1 LLC is a wholly-owned subsidiary of the reporting person.