Form 4: Jones Soda Co. Director Clive Sirkin Reports Stock Transactions

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

Summary

• On June 30, 2024, Clive Sirkin, a director of Jones Soda Co., converted 290,697 restricted stock units (RSUs) into shares of the company's common stock.
• The conversion occurred on the vesting date of the RSUs, with each RSU converting into one share of common stock.
• Sirkin now beneficially owns 2,290,908 shares of Jones Soda Co. common stock.
• The RSUs were granted on June 26, 2024, with 50% vesting on June 30, 2024, 25% vesting on September 30, 2024, and the remaining 25% vesting on December 31, 2024.
• In the event of a change in control, all unvested RSUs will vest immediately.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting a scheduled vesting of stock options. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The remaining RSUs will vest on September 30, 2024, and 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 insider transactions and provides transparency to investors regarding the holdings of company directors. It's a standard practice for publicly traded companies.

Stakeholder Impact

• The transaction increases the number of shares outstanding, which could have a minor dilutive effect on existing shareholders.

Next Steps

• The remaining RSUs will vest on September 30, 2024, and December 31, 2024.

Key Dates