Norman Paul T 4
4 · JONES SODA CO · Filed Sep 9, 2024
Insider Transaction Report
Form 4
JONES SODA COJSDA
Norman Paul T
Director
Transactions
- Exercise/Conversion
Common Stock
2024-06-30+290,697→ 2,155,849 total - Exercise/Conversion
Restricted Stock Units
2024-06-30−290,697→ 290,697 total→ Common Stock (290,697 underlying)
Footnotes (3)
- [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 June 26, 2024, the reporting person was granted 581,394 RSUs, of which 50% vested into shares on June 30, 2024, an additional 25% vest into shares on September 30, 2024, and the remaining 25% vest into shares on December 31, 2024. In the event of a change in control, all unvested RSUs will vest immediately. 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.