Caisse De Depot Et Placement Du Quebec - Jul 26, 2021 Form 4 Insider Report for Zevia PBC (ZVIA)

Role: 10%+ Owner
Signature: Caisse de Depot et Placement du Quebec, By: /s/ Soulef Hadjoudj, Authorized Signatory
Stock symbol: ZVIA
Transactions as of: Jul 26, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/28/2021, 05:15 PM
Previous filing: Jul 21, 2021
Next filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVIA	Class B Common Stock	Other		-23.7M	-100%		0	Jul 26, 2021	By Zip Holding Inc.	F1, F2
transaction	ZVIA	Class A Common Stock	Other		+22M			22M	Jul 26, 2021	By CDP Investissements Inc.	F1, F2

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	Other		-23.7M	-100%		0	Jul 26, 2021	Class A Common Stock	23.7M		By Zip Holding Inc.	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to an Agreement and Plan of Merger , among Zevia PBC (the "Issuer"), Zip Holding Inc. and other parties thereto, Zip Holding Inc. merged with and into the Issuer. As a result of the merger, all 23,703,986 shares of the Issuer's Class B Common Stock and 23,703,986 Class B units of Zevia LLC held by Zip Holding Inc. came to represent 22,022,092 shares of Class A Common Stock and $21,957,126.17 in cash. As a result, Zip Holding Inc. ceased to be a reporting person with respect to the Issuer's securities.
F2	Prior to the merger, Zip Holding Inc. was a wholly-owned subsidiary of CDP Investissements Inc., which is a wholly-owned subsidiary of Caisse De Depot Et Placement Du Quebec, as a result of which each of them might be deemed the beneficial owner of securities held by Zip Holding Inc.
F3	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.