Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 36

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 36
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 typically grants annual retention stock options to all of its employees during the Compensation Committee meeting taking place in the first quarter of each year. The Company also grants stock options to new hires soon after the employee start date.

The Company’s executive officers would not
be permitted to choose the grant date for any stock option grants. During fiscal 2024, none of the Company’s named executive officers
were awarded stock options.

<div align='center'>PAY VERSUS PERFORMANCE</div>

The table below shows for 2024, 2023 and 2022
the “total” compensation for Mark Murry our principal executive officer (“PEO”) until June 23, 2023, David Knight,
our PEO from June 23, 2023 until October 25, 2024, Paul Norman, our Interim Chief Executive Officer from October 25, 2024 to February
5, 2025, and our other Named Executive Officers from the Summary Compensation Table above; the “Compensation Actually Paid”
to those officers calculated using rules required by the SEC; our total shareholder return; and our net income. “Compensation Actually
Paid” does not represent the value of shares received by the officers during the year, but rather is an amount calculated under
Item 402(v) of Regulation S-K.

| (a)  |     | -b                                   |           |     | -c                                    |           |     | -d                                                            |         |     | -e                                 |         |     | -f                                        |     |     | -g                              |        |   |
| Year |     | Summary Compensation Table Total for 
 PEO ($) (1)                          |           |     | Compensation Actually Paid to PEO ($) 
 (2)                                   |           |     | Average Summary Compensation Table Total for Non-PEO NEOs ($) |         |     | Average Compensation Actually paid 
 to Non-PEO NEOs (2)($)             |         |     | Value of Initial Fixed $100 Investment    
 Based On Total Shareholder Return ($) (3) |     |     | Net loss (In thousands) ($) (4) |        |   |
| 2024 |     |                                      |   439,255 |     |                                       |   383,529 |     |                                                               | 299,511 |     |                                    | 273,000 |     |                                           | 108 |     |                                 | (9,895 | ) |
| 2023 |     |