Reichman Gregg 4

What Happened

• Gregg Reichman, a director of Jones Soda Co. (JSDA), had restricted stock units (RSUs) convert into common shares on December 31, 2025. The Form 4 shows two derivative-conversion entries of 115,001 shares each, for a total of 230,002 shares acquired. The filing records no cash paid (price reported as $0 or N/A) because the RSUs settled on a one-for-one basis.

Key Details

• Transaction date(s): December 31, 2025 (two conversions of 115,001 shares each; total 230,002).
• Report filed: January 29, 2026 (appears to be filed after the two-business-day Form 4 deadline for the Dec 31 transaction — this may be a late filing).
• Consideration: $0 reported / N/A — RSUs converted into shares without cash payment upon vesting.
• Transaction code: M (exercise or conversion of derivative instrument).
• Shares owned after transaction: Not provided in the information supplied in this summary.
• Relevant footnotes: RSUs were granted July 18, 2025 (460,003 RSUs total). Vesting schedule per grant: 50% vested July 31, 2025; 25% vested September 30, 2025; remaining 25% vested December 31, 2025. Each RSU converts to one share on settlement.

Context

• These transactions are settlements of previously granted RSUs (an award), not open-market purchases or sales. RSU vesting typically results in ordinary income for the recipient at vesting; the filing shows no immediate sale of the shares.
• Because the reported filing date is nearly a month after the Dec 31 vesting, this Form 4 appears late relative to the two-business-day reporting rule; investors should note the timing when assessing the information.