Murray Mark F. 4
4 · JONES SODA CO · Filed Sep 9, 2024
Insider Transaction Report
Form 4
JONES SODA COJSDA
Murray Mark F.
Director
Transactions
- Tax Payment
Common Stock
2024-08-15$0.44/sh−210,000$93,030→ 1,796,191 total - Exercise/Conversion
Restricted Stock Units
2024-08-15−600,000→ Common Stock (600,000 underlying) - Exercise/Conversion
Common Stock
2024-06-30+236,191→ 1,406,191 total - Exercise/Conversion
Common Stock
2024-08-15+600,000→ 2,006,191 total - Exercise/Conversion
Restricted Stock Units
2024-06-30−236,191→ Common Stock (236,191 underlying)
Footnotes (5)
- [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]The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of RSUs. These shares were not sold by the reporting person.
- [F3]Each RSU represents a contingent right to receive one (1) share of the issuer's common stock upon settlement.
- [F4]On June 26, 2024, the reporting person was granted 472,383 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.
- [F5]The reporting person was granted 1,800,000 RSUs on February 15, 2023 that vested into shares of the issuer's common stock on a one-for-one basis in accordance with the following vesting schedule: 600,000 RSUs on February 15, 2023, 600,000 RSUs on May 15, 2023, and the remaining 600,000 RSUs on August 15, 2024.