Form 4: Clive Sirkin Reports Conversion of Restricted Stock Units into Jones Soda Co. Shares

Director Clive Sirkin converted 145,348 restricted stock units into shares of Jones Soda Co. common stock on September 30, 2024.

Summary

• Clive Sirkin, a director of Jones Soda Co., filed a Form 4 on October 18, 2024, reporting a transaction involving the conversion of restricted stock units (RSUs) into common stock.
• On September 30, 2024, Sirkin converted 145,348 RSUs into 145,348 shares of Jones Soda Co. common stock.
• Following the transaction, Sirkin beneficially owns 2,436,256 shares of Jones Soda Co. common stock.
• The RSUs were granted on June 26, 2024, and vest in installments: 50% vested on June 30, 2024, 25% vested on September 30, 2024, and the remaining 25% will vest on December 31, 2024.
• In the event of a change in control, all unvested RSUs will vest immediately.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The remaining 25% of the granted RSUs will vest on December 31, 2024. A change in control would trigger immediate vesting of all unvested RSUs.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider stock ownership.
• The vesting of RSUs is part of the executive compensation plan, impacting the director's personal holdings.

Next Steps

• The remaining 25% of RSUs are scheduled to vest on December 31, 2024.

Key Dates