White Pine LLC - Feb 3, 2023 Form 4 Insider Report for Zevia PBC (ZVIA)

Role
10%+ Owner
Signature
/s/ Joseph Phelps, attorney-in-fact
Stock symbol
ZVIA
Transactions as of
Feb 3, 2023
Transactions value $
-$660,321
Form type
4
Date filed
2/7/2023, 08:32 PM
Previous filing
Dec 6, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Sale -$125K -25.3K -0.97% $4.93 2.57M Feb 3, 2023 Direct F1, F2
transaction ZVIA Class A Common Stock Sale -$262K -52.5K -2.04% $5.00 2.52M Feb 6, 2023 Direct F1, F3
transaction ZVIA Class A Common Stock Sale -$273K -58.4K -2.31% $4.68 2.46M Feb 7, 2023 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2022, Laird Norton Company LLC ("LNC") contributed its 100% ownership in White Pine, Inc. to Laird Norton Enterprises Inc. ("LNE"), a wholly owned subsidiary of LNC, following which, White Pine, Inc. converted from a corporation to a limited liability company and changed its name to White Pine LLC ("White Pine"). LNE does not exercise independent voting power over White Pine, but may act upon the approval of LNC. As a result, LNC may be deemed to beneficially own the securities directly owned by White Pine. This Form 4 is filed jointly by White Pine and LNC, as the direct and beneficial owners of the securities, respectively.
F2 On February 3, 2023, White Pine sold 25,302 shares of Class A Common Stock in a series of brokered transactions at prices ranging from $4.77 to $5.04 and a weighted average price per share of $4.93 (rounded to two decimal places), for an aggregate purchase price of approximately $124,797. The detailed breakdown of executed sales will be furnished upon request.
F3 On February 6, 2023, White Pine sold 52,484 shares of Class A Common Stock in a series of brokered transactions at prices ranging from $4.78 to $5.22 and a weighted average price per share of $5.00 (rounded to two decimal places), for an aggregate purchase price of approximately $262,228. The detailed breakdown of executed sales will be furnished upon request.
F4 On February 7, 2023, White Pine sold 58,368 shares of Class A Common Stock in a series of brokered transactions at prices ranging from $4.67 to $4.91 and a weighted average price per share of $4.68 (rounded to two decimal places), for an aggregate purchase price of approximately $273,143. The detailed breakdown of executed sales will be furnished upon request.