Jones Soda (JSDA) CFO Brian Meadows Receives 750,000 Options

What Happened
Brian Meadows, Chief Financial Officer of Jones Soda Co. (JSDA), received a grant of 750,000 stock options on March 27, 2026. The Form 4 reports the options with an acquisition price of $0.00 (derivative award); no exercise occurred and no cash changed hands at grant. This is an award/compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: March 27, 2026; Form 4 filed May 21, 2026 (filed late relative to the typical 2-business-day Form 4 deadline).
• Reported consideration: $0.00 (derivative award).
• Grant size: 750,000 stock options issued under the Issuer’s 2022 Omnibus Equity Incentive Plan.
• Vesting: 250,000 options vest on Mar 27, 2027; 250,000 on Mar 27, 2028; 250,000 on Mar 27, 2029, each subject to continued service (per footnote).
• Shares owned after transaction: not disclosed in the provided filing.
• Filing timeliness: The Form 4 was submitted nearly two months after the grant date (late filing noted).

Context
This was a time‑based option grant (compensation/retention) rather than an exercise or open‑market trade. The award does not represent an immediate purchase or sale and will only become exercisable as the tranches vest if Mr. Meadows remains employed. Options granted as compensation are common and do not by themselves signal a near‑term change in insider buying/selling.