Padraic L. Spence - Mar 9, 2022 Form 4 Insider Report for Zevia PBC (ZVIA)

Role: Chair, Chief Executive Officer, Director
Signature: /s/ Lorna R. Simms, Attorney-in-Fact for Padraic L. Spence
Stock symbol: ZVIA
Transactions as of: Mar 9, 2022
Transactions value $: -$173,316
Form type: 4
Date filed: 3/11/2022, 04:46 PM
Previous filing: Feb 14, 2022
Next filing: Mar 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVIA	Class A Common Stock	Tax liability	-$173K	-30.3K	-1.22%	$5.72	2.45M	Mar 9, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The transaction reported reflects the withholding of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of 61,112 restricted stock units ("RSUs").
F2	Includes 2,338,888 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 2,200,000 RSUs began vesting in 1/36 increments on each monthly anniversary of January 17, 2022 and are settled within 30 days following each vesting date. 200,000 RSUs are vested in full, subject to deferred settlement in one-third increments on each of January 17, 2023, January 17, 2024, and January 17, 2025.

Content

The transaction reported reflects the withholding of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of 61,112 restricted stock units ("RSUs").

Includes 2,338,888 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 2,200,000 RSUs began vesting in 1/36 increments on each monthly anniversary of January 17, 2022 and are settled within 30 days following each vesting date. 200,000 RSUs are vested in full, subject to deferred settlement in one-third increments on each of January 17, 2023, January 17, 2024, and January 17, 2025.