Jones Soda (JSDA) Director Norman Paul T Receives 121,213 Shares

What Happened
Norman Paul T, a director of Jones Soda Co. (JSDA), received 121,213 shares when restricted stock units (RSUs) vested on July 31, 2026. The Form 4 reports the conversion/exercise of a derivative (code M) where 121,213 RSUs converted into common shares; no cash was paid on vesting (reported consideration $0).

Key Details

• Transaction date: July 31, 2026 (Form 4 filed August 4, 2026). Filing appears timely (within the SEC two-business-day window).
• Reported entries: acquisition of 121,213 shares (conversion of RSUs) and corresponding disposition/removal of 121,213 derivative units at $0.00.
• Consideration: RSUs converted one-for-one into shares on vesting; holder paid no consideration on vesting (footnotes F1–F2).
• Grant schedule: On July 15, 2026, 242,425 RSUs were granted to the reporting person; 50% (121,213) vested July 31, 2026; 25% vest on Sept 30, 2026 and remaining 25% on Dec 31, 2026 (footnote F3).
• Shares owned after transaction: not specified in the provided Form 4 details.
• Transaction type explanation: Form code M indicates conversion/exercise of a derivative instrument (here, RSUs converting to common shares).

Context
This was an award/vesting event (not an open-market purchase or sale). RSU vesting is a common way insiders receive shares; it does not necessarily indicate a purchase decision or market view. Additional shares from the original RSU grant remain scheduled to vest later in 2026.