Murray Mark F. 4
4 · JONES SODA CO · Filed May 17, 2023
Insider Transaction Report
Form 4
JONES SODA COJSDA
Murray Mark F.
Director
Transactions
- Exercise/Conversion
Common Stock
2023-05-15+600,000→ 1,410,000 total - Exercise/Conversion
Restricted Stock Units
2023-05-15−600,000→ 600,000 total→ Common Stock (600,000 underlying) - Tax Payment
Common Stock
2023-05-15$0.20/sh−240,000$48,000→ 1,170,000 total
Footnotes (4)
- [F1]This transaction represents the settlement of restricted stock units (RSUs) in shares of common stock on their scheduled vesting date.
- [F2]The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of RSUs. These shares were not sold by the reporting person.
- [F3]Each RSU represents a contingent right to receive (1) share of the issuer's common stock upon settlement.
- [F4]The reporting person was granted 1,800,000 RSUs on February 15, 2023 that vest into shares of the issuer's common stock on a one-for-one basis in accordance with the following vesting schedule: 600,000 RSUs on February 15, 2023, 600,000 RSUs on May 15, 2023, and the remaining 600,000 RSUs on August 15, 2024.