Company: JSDA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024179
Chunk: 15

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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    Weighted

                                                                               Average
 Remaining
 Contractual
 Life
 (Years)  
    Weighted
 Average
 Exercise
 Price Per
 Share 
  
    $0.165 to $0.25 
     5,690,379  
     8.41  
     0.20  
     2,282,504  
     7.24  
     0.20 
  
    $0.251 to $0.40 
     6,486,290  
     8.82  
     0.29  
     2,086,290  
     7.34  
     0.27 
  
    $0.401 to $0.55 
     437,500  
     5.79  
     0.49  
     398,958  
     5.70  
     0.49 
  
    $0.551 to $0.70 
     189,075  
     6.20  
     0.62  
     186,262  
     6.19  
     0.62 

     12,528,243  
     8.46  
     0.27  
     4,954,014  
     7.12  
     0.26 

    15

    (b)
    Restricted
    stock awards:

Beginning
May 13, 2022, the Company’s Board of Directors determined that restricted stock units (RSUs) would be awarded as equity compensation
for non-employee directors, replacing stock options, based on the recommendation of the Compensation and Governance Committee. RSUs vest
incrementally per the award agreement, with certain awards vesting immediately upon a “Change in Control” as defined in the
2022 Plan.

Previously,
from January 1, 2020, through February 15, 2022, non-employee directors received annual non-qualified stock option grants, which vested
on the first anniversary of the grant date, subject to continued service. Grants were determined by dividing $25,000 by the closing share
price on the grant date. New directors joining the Board before February 15, 2022, received prorated stock option awards under similar
terms. Stock option and RSU awards were governed by the 2011 Plan (