Scott F. Harvey, serving as President and Chief Executive Officer of Jones Soda Co. (NASDAQ: JSDA), has completed a private placement transaction involving the acquisition of company securities. On July 7, 2026, Mr. Harvey purchased 303,030 shares of common stock alongside 151,515 common stock warrants. The total consideration for these securities, structured as 303,030 investor units, amounted to $99,999.90.
The transaction was executed directly with the issuer. Each investor unit was priced at $0.33 and consisted of one share of common stock and one-half of a share purchase warrant. Following the completion of this acquisition, Mr. Harvey directly holds 303,030 shares of Jones Soda Co. common stock. The acquisition of the warrants entitles the holder to purchase one share of common stock at an exercise price of $0.45 per share. These warrants became exercisable on July 7, 2026, and are scheduled to expire on July 7, 2029, although the issuer retains the right to accelerate their expiration under specified conditions. Post-transaction, Mr. Harvey directly holds 151,515 common stock warrants.
This insider activity occurs against a backdrop of recent market performance and corporate financial developments. At the time of the transaction, the stock was trading at $0.29, reflecting a decline of nearly 14% over the preceding week. Despite this recent volatility, shares have delivered a 51% return over the past year. According to InvestingPro data, which provides additional exclusive tips for JSDA, the company remains unprofitable despite reporting impressive revenue growth of 97% over the last twelve months.
In other recent news, Jones Soda Co. reported financial results for the first quarter of 2026 that marked a significant shift in performance. Revenue surged by 194% to reach $12.4 million compared to the previous year. This growth was attributed to successful branded collaborations and expanded distribution. The company achieved a net income of $115,000, a notable improvement from a loss in the same quarter last year. Additionally, the company completed a private placement offering, raising approximately $1.74 million in gross proceeds. These funds are earmarked for supporting growth and general corporate purposes.
Jones Soda also announced an extension of its private placement offering, initially disclosed in April 2026. The offering aims to sell up to 7,500,000 units at $0.33 per unit, targeting total gross proceeds of up to $2.5 million, with the closing expected in early July 2026. These developments reflect ongoing efforts to strengthen the company’s financial position and support its growth initiatives.
The Form 4 filing, which details these insider transactions, was signed by Brian Meadows as Attorney-in-Fact for Scott Harvey on July 9, 2026. The transaction underscores executive confidence as the company navigates a period of rapid revenue expansion and capital deployment.