Padraic L. Spence - Jul 26, 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
Stock symbol
ZVIA
Transactions as of
Jul 26, 2021
Transactions value $
-$134,233
Form type
4
Date filed
7/28/2021, 05:09 PM
Previous filing
Jul 21, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class B Common Stock Disposed to Issuer -2.84K -7.1% 37.2K Jul 26, 2021 By Green & Grand Trust I F1
transaction ZVIA Class B Common Stock Disposed to Issuer -2.84K -7.1% 37.2K Jul 26, 2021 By Green & Grand Trust II F1
transaction ZVIA Class B Common Stock Disposed to Issuer -28.4K -7.1% 372K Jul 26, 2021 By L&H Trust F1
transaction ZVIA Class B Common Stock Disposed to Issuer -76K -7.1% 995K Jul 26, 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 -2.84K -7.1% 37.2K Jul 26, 2021 Class A Common Stock 2.84K By Green & Grand Trust I F1, F2
transaction ZVIA Class B Units Disposed to Issuer -2.84K -7.1% 37.2K Jul 26, 2021 Class A Common Stock 2.84K By Green & Grand Trust II F1, F2
transaction ZVIA Class B Units Disposed to Issuer -28.4K -7.1% 372K Jul 26, 2021 Class A Common Stock 28.4K By L&H Trust F1, F2
transaction ZVIA Class B Units Disposed to Issuer -76K -7.1% 995K Jul 26, 2021 Class A Common Stock 76K By Spence Family Trust F1, F2
transaction ZVIA Stock Option (Right to Buy) Disposed to Issuer -$134K -10.3K -4.29% $13.05 230K Jul 26, 2021 Class A Common Stock 10.3K $0.01 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