Form 4: Jones Soda Co. Director Mark Murray Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Director Mark Murray reports acquisition of Jones Soda Co. shares through RSU vesting and subsequent withholding of shares for tax liabilities.
Summary
- On June 30, 2024, Director Mark Murray acquired 236,191 shares of Jones Soda Co. common stock through the vesting of Restricted Stock Units (RSUs).
- On August 15, 2024, Murray acquired an additional 600,000 shares through RSU vesting.
- Also on August 15, 2024, 210,000 shares were withheld to cover Murray's tax liability related to the RSU vesting at a price of $0.443 per share.
- Following these transactions, Murray directly owns 1,796,191 shares of Jones Soda Co. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person has additional RSUs that will vest on September 30, 2024, and December 31, 2024.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| February 15, 2023 | Reporting person was granted 1,800,000 RSUs. |
| June 26, 2024 | The reporting person was granted 472,383 RSUs. |
| June 30, 2024 | 236,191 shares acquired through RSU vesting. |
| August 15, 2024 | 600,000 shares acquired through RSU vesting and 210,000 shares withheld for tax liability. |
| September 09, 2024 | Date of Form 4 filing. |
| September 30, 2024 | Additional 25% of 472,383 RSUs vest into shares. |
| December 31, 2024 | Remaining 25% of 472,383 RSUs vest into shares. |
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