JONES SODA CO. 8-K

What Happened

• Jones Soda Co. filed an 8‑K reporting that on March 27, 2026 the company amended the terms of a stock option grant to its Chief Financial Officer, Brian Meadows. The original grant was made on September 9, 2025 under the company’s 2022 Omnibus Equity Incentive Plan and covers options to purchase 750,000 shares of common stock.
• The amendment removed the original milestone-based conditions and provides that the options will vest over a three-year period with annual cliff vesting: one‑third (1/3) of the options vest on each anniversary of March 27, 2026, provided Mr. Meadows remains employed through each vesting date.

Key Details

• Grantee: Brian Meadows, Chief Financial Officer.
• Grant date (original): September 9, 2025. Amendment date: March 27, 2026.
• Number of options: 750,000 shares under the 2022 Omnibus Equity Incentive Plan.
• New vesting: Three-year schedule with 1/3 vesting each year on the March 27 anniversary, contingent on continued employment.

Why It Matters

• This filing affects executive compensation disclosures: the company simplified the CFO’s equity award by removing milestone conditions and replacing them with time-based vesting tied to continued employment.
• For investors, the change clarifies when these options may become exercisable (over the next three years) and helps assess potential future dilution if the options are exercised.
• The amendment does not change the number of options granted; it changes only the vesting conditions. Investors should watch future filings for any exercises or additional amendments.