NORTHWOOD VENTURES LLC - 26 Jul 2021 Form 4 Insider Report for Zevia PBC (ZVIA)

Role: 10%+ Owner
Signature: /s/ Peter G. Schiff, Managing Partner
Issuer symbol: ZVIA
Transactions as of: 26 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 22 Sep 2021, 15:47:32 UTC
Previous filing: 22 Sep 2021
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	Other		-347,082	-7.1%		4,544,570	26 Jul 2021	Direct	F1, F2, F3
transaction	ZVIA	Class B Common Stock	Other		-61,250	-7.1%		801,982	26 Jul 2021	Direct	F1, F3, F4

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		-347,082	-7.1%		4,544,570	26 Jul 2021	Class A Common Stock	347,082		Direct	F2, F3, F5
transaction	ZVIA	Class B Units	Other		-61,250	-7.1%		801,982	26 Jul 2021	Class A Common Stock	61,250		Direct	F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	This Form 4 is filed jointly by Northwood Ventures LLC ("Ventures") and Northwood Capital Partners LLC ("CP"). Ventures and CP may be deemed to be members of a "group".
F2	Information for Ventures.
F3	Represents Class B Units of Zevia LLC and a corresponding number of shares of Class B Common Stock of the Issuer transferred by the respective 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).
F4	Information for CP.
F5	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, or, at the Issuer's election, cash. Upon exchange of a Class B Unit (or redemption for cash), the corresponding share of Class B Common Stock will be automatically cancelled.