Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 30

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 30
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 |        |      - |    |     |        |         - |     |              |      - |     |       |   168,525 |
| VP Operations and General Manager Mary Jones                               |     | 2023 |     |        |       - |     |       | - |     |        |      - |    |     |        |         - |     |              |      - |     |       |         - |

| (1) | Stock awards awarded to NEOs consist primarily of RSUs issued under the Company’s 2022 Omnibus Equity Incentive Plan (the “2022 Plan”). The amounts shown do not reflect whether the recipient has actually realized or will realize a financial benefit from such awards. The amounts shown represent the aggregate grant date fair value of awards granted as determined in accordance with Financial Accounting Standards Board ASC Topic 718 (“ASC Topic 718”). See Note 7 to our consolidated financial statements included in the 2024 Annual Report regarding the assumptions underlying the valuation of equity awards. |
| (2) | Represents the aggregate grant date fair value for awards granted, as applicable, in accordance with ASC Topic 718. See Note 7 to our consolidated financial statements included in the 2024 Annual Report regarding the assumptions underlying the valuation of equity awards.                                                                                                                                                                                                                                                                                                                                                 |
| (3) | Mr. Knight ceased to serve as President and Chief Executive Officer of the Company on October 25, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (4) | Mr. Norman served as Interim Chief Executive Officer from October 25, 2024 to February 5, 2025 and Interim Chief Financial Officer from November 12, 2024 to February 5, 2025. He did not receive any compensation for serving in these roles.                                                                                                                                                                                                                                                                                                                                                                                  |
| (5) | Mr. Norman was granted RSUs in connection with his service on the Board and as chair of the Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

Narrative Disclosure to Summary Compensation Table

The following describes the material factors necessary
to understand the compensation disclosed in the Summary Compensation Table above.

David Knight.Mr. Knight, the
Company’s former President and CEO had an annual base salary of $350,000 as of June 23, 2023. Additionally, Mr. Knight was
eligible to receive an annual cash bonus of $175,000 (the “Annual Bonus”) in the event that the Company achieved annual
revenues in the applicable fiscal year