Alex Spiro - 16 May 2022 Form 4 Insider Report for JONES SODA CO (JSDA)

Role: Director
Signature: /s/ Joe Culp, Attorney-In-Fact for Alex Spiro
Issuer symbol: JSDA
Transactions as of: 16 May 2022
Transactions value $: $1,480
Form type: 4
Filing time: 24 May 2022, 21:16:03 UTC
Previous filing: 24 May 2022
Next filing: 02 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JSDA	Common Stock	Conversion of derivative security	$401K	+803K	+967.42%	$0.50	886K	16 May 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JSDA	Convertible Debentures	Conversion of derivative security	-$400K				0	16 May 2022	Common Stock	$400K	$0.50	Direct	F1
transaction	JSDA	Warrants	Conversion of derivative security		+803K			803K	16 May 2022	Common Stock	803K	$0.63	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents conversion of $400,000 in aggregate principal amount (plus accrued and unpaid interest) of unsecured 3% convertible debenture acquired by the reporting person on February 9, 2022, and reported on a Form 3/A filed with the Securities and Exchange Commission on May 23, 2022.