Jones Soda (JSDA) Director Gregg Reichman Receives 121,213 Shares

What Happened
Gregg Reichman, a director of Jones Soda Co. (JSDA), had 121,213 restricted stock units (RSUs) vest and convert into 121,213 shares on July 31, 2026. The Form 4 shows the shares were acquired on conversion (no consideration paid) and an equal number of shares were reported disposed at $0 (a derivative disposition). This was not an open‑market purchase or a typical sale of stock — it reflects RSU vesting and the accompanying settlement activity.

Key Details

• Transaction date: July 31, 2026. Filing date: August 4, 2026 (filed within the Form 4 two-business-day window — timely).
• Acquired: 121,213 shares via RSU conversion (no cash paid; acquisition price listed as N/A).
• Disposed: 121,213 shares at $0.00 (reported as a derivative disposition).
• Shares owned after transaction: Not disclosed in the provided filing.
• Relevant footnotes:
  • F1/F2: RSUs convert one-for-one into common shares on vesting; holders pay no consideration on vesting.
  • F3: 242,425 RSUs were granted on July 15, 2026; 50% (121,213) vested on July 31, 2026, with remaining tranches vesting later in 2026.
• No indication of a 10b5-1 plan or that this was an open-market sale in the filing.

Context

• RSU conversion: When RSUs vest they convert into shares without the holder paying cash. Filings often show a concurrent zero-dollar disposition when shares are transferred back to the issuer to satisfy tax withholding or similar settlement obligations; such a disposition is different from an open‑market sale and does not necessarily indicate a sell decision by the insider.
• For retail investors: this is primarily an award vesting event (routine compensation/longevity vesting), not a purchase that signals added insider conviction.