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

Role: 10%+ Owner
Signature: /s/ Andrew DeFrancesco
Issuer symbol: JSDA
Transactions as of: 15 Feb 2022
Net transactions value: +$12,518
Form type: 4
Filing time: 19 Apr 2022, 10:49:11 UTC
Previous filing: 14 Feb 2022
Next filing: 27 May 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	Conversion of derivative security	$2,012,518	+4,025,035	+31%	$0.5000	16,940,850	15 Feb 2022	SOL Verano Blocker 1 LLC	F1, F2
holding	JSDA	Common Shares						281,345	15 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	Convertible Debenture	Conversion of derivative security	$2,000,000				0	15 Feb 2022	Common Shares	$2,000,000	$0.5000	SOL Verano Blocker 1 LLC	F1, F2
transaction	JSDA	Warrants	Conversion of derivative security		+4,025,035			4,025,035	15 Feb 2022	Common Shares	4,025,035	$0.6250	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.