Dissinger Ronald L 4

What Happened Ronald L. Dissinger, a director of Jones Soda Co. (JSDA), acquired 115,001 shares on December 31, 2025 through the vesting/conversion of restricted stock units (RSUs). The transaction is reported as a derivative conversion (code M) with $0 per-share consideration, meaning Dissinger did not pay cash to receive the shares. This tranche represents the final 25% vesting of a 460,003 RSU grant awarded on July 18, 2025 (per footnote F3).

Key Details

• Transaction date: 2025-12-31 (reported on Form 4 filed 2026-01-29).
• Shares acquired: 115,001 common shares; price/consideration reported as $0.00.
• Transaction code: M (exercise/conversion of derivative securities).
• Footnotes: F1–F3 state RSUs convert one-for-one into common stock on vesting and require no payment; F3 details the 460,003 RSU grant and vesting schedule (50% vested 7/31/2025, 25% vested 9/30/2025, 25% vested 12/31/2025).
• Shares owned after transaction: not specified in this filing.
• Timeliness: The Form 4 was filed 2026-01-29 for a 2025-12-31 transaction — this is a late filing (Form 4s are generally due within two business days of the transaction).

Context

• This was an award/vesting event (not an open-market purchase or sale), so it reflects compensation vesting rather than a buy or sell decision by the insider.
• The filing shows no immediate sale or tax-withholding disposition tied to this vesting; none are indicated in the footnotes.
• Per the grant terms in F3, once all tranches vested, the original 460,003 RSU award would be fully converted into the same number of common shares (one-for-one).