Reichman Gregg 4

What Happened
Gregg Reichman, a director of Jones Soda Co. (JSDA), was granted 242,425 restricted stock units (RSUs) on July 15, 2026. The award is reported as a derivative acquisition at $0.00 per RSU (no cash paid). Each RSU represents a contingent right to one share of common stock upon settlement.

Key Details

• Transaction date: July 15, 2026; Form 4 filed July 16, 2026 (timely filing).
• Grant: 242,425 RSUs reported as an award (derivative) at $0.00 per unit.
• Vesting schedule (per filing): 50% vest July 31, 2026; 25% vest Sept 30, 2026; remaining 25% vest Dec 31, 2026. Upon vesting, each RSU converts into one share.
• Shares owned after transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding details, or cashless sale noted in the filing.

Context
RSU grants are a common form of compensation for executives and directors. This award does not represent an open-market purchase or sale and does not require immediate cash; value is realized only if and when RSUs vest and are settled into shares.