Padraic L. Spence - 26 Jul 2021 Form 4 Insider Report for Zevia PBC (ZVIA)

Role
Chair and Chief Executive Officer, Director
Signature
/s/ Lorna R. Simms, Attorney-in-Fact for Padraic L. Spence
Issuer symbol
ZVIA
Transactions as of
26 Jul 2021
Net transactions value
-$134,233
Form type
4
Filing time
28 Jul 2021, 17:09:53 UTC
Previous filing
21 Jul 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class B Common Stock Disposed to Issuer -2,838 -7.1% 37,162 26 Jul 2021 By Green & Grand Trust I F1
transaction ZVIA Class B Common Stock Disposed to Issuer -2,838 -7.1% 37,162 26 Jul 2021 By Green & Grand Trust II F1
transaction ZVIA Class B Common Stock Disposed to Issuer -28,382 -7.1% 371,618 26 Jul 2021 By L&H Trust F1
transaction ZVIA Class B Common Stock Disposed to Issuer -75,982 -7.1% 994,866 26 Jul 2021 By Spence Family Trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZVIA Class B Units Disposed to Issuer -2,838 -7.1% 37,162 26 Jul 2021 Class A Common Stock 2,838 By Green & Grand Trust I F1, F2
transaction ZVIA Class B Units Disposed to Issuer -2,838 -7.1% 37,162 26 Jul 2021 Class A Common Stock 2,838 By Green & Grand Trust II F1, F2
transaction ZVIA Class B Units Disposed to Issuer -28,382 -7.1% 371,618 26 Jul 2021 Class A Common Stock 28,382 By L&H Trust F1, F2
transaction ZVIA Class B Units Disposed to Issuer -75,982 -7.1% 994,866 26 Jul 2021 Class A Common Stock 75,982 By Spence Family Trust F1, F2
transaction ZVIA Stock Option (Right to Buy) Disposed to Issuer $134,233 -10,290 -4.3% $13.04 229,710 26 Jul 2021 Class A Common Stock 10,290 $0.0100 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class B Units of Zevia LLC and a corresponding number of shares of Class B Common Stock of the Issuer transferred by the Reporting Person to the Issuer in connection with the closing of the Issuer's initial public offering ("IPO") at a price of $13.055 (the per-share price paid by the underwriters for shares of the Class A Common Stock in the IPO).
F2 The Class B Units of Zevia LLC are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.
F3 Represents 10,290 vested options cancelled and cashed-out by mutual agreement of the Reporting Person and the Issuer. The Reporting Person received $13.045 per stock option and $134,233.05 total as consideration for the cancellation.

Remarks:

Chair and Chief Executive Officer